Analysts Set Expectations for Ubiquiti FY2028 Earnings

Ubiquiti Inc. (NYSE:UI) – Stock analysts at Zacks Research dropped their FY2028 EPS estimates for Ubiquiti in a note issued to investors on Wednesday, November 5th. Zacks Research analyst Team now forecasts that the company will earn $14.35 per share for the year, down from their prior estimate of $14.40. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share.

Several other research firms have also commented on UI. Barclays upped their price objective on Ubiquiti from $247.00 to $299.00 and gave the stock an “underweight” rating in a research note on Friday, August 22nd. UBS Group set a $600.00 price target on shares of Ubiquiti in a report on Monday, August 25th. BWS Financial lifted their price target on shares of Ubiquiti from $600.00 to $720.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ubiquiti in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ubiquiti currently has an average rating of “Hold” and an average target price of $539.67.

Ubiquiti Stock Performance

Shares of NYSE:UI opened at $776.67 on Thursday. The stock has a market capitalization of $46.99 billion, a price-to-earnings ratio of 65.99 and a beta of 1.44. The stock’s 50-day simple moving average is $665.51 and its two-hundred day simple moving average is $497.73. Ubiquiti has a 52-week low of $249.94 and a 52-week high of $803.59.

Ubiquiti (NYSE:UI) last issued its earnings results on Friday, August 22nd. The company reported $3.54 EPS for the quarter, beating the consensus estimate of $2.23 by $1.31. Ubiquiti had a return on equity of 166.22% and a net margin of 27.66%.The business had revenue of $759.15 million for the quarter, compared to the consensus estimate of $618.80 million. During the same period last year, the business posted $1.74 EPS.

Ubiquiti Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from Ubiquiti’s previous quarterly dividend of $0.60. Ubiquiti’s payout ratio is 27.19%.

Institutional Trading of Ubiquiti

Several large investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in shares of Ubiquiti by 78.8% during the first quarter. Brooklyn Investment Group now owns 93 shares of the company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of Ubiquiti by 1,075.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 86 shares during the period. Main Street Group LTD acquired a new position in shares of Ubiquiti in the 2nd quarter valued at about $41,000. Exchange Traded Concepts LLC lifted its holdings in shares of Ubiquiti by 31.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 76 shares of the company’s stock valued at $50,000 after buying an additional 18 shares during the period. Finally, Iron Horse Wealth Management LLC acquired a new position in shares of Ubiquiti in the 2nd quarter valued at about $54,000. Hedge funds and other institutional investors own 4.00% of the company’s stock.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.