Ubiquiti (NYSE:UI) Posts Quarterly Earnings Results, Misses Estimates By $0.41 EPS

Ubiquiti (NYSE:UI) posted its quarterly earnings results on Friday. The company reported $3.88 earnings per share for the quarter, missing the consensus estimate of $4.29 by ($0.41), FiscalAI reports. The firm had revenue of $788.20 million for the quarter, compared to the consensus estimate of $814.30 million. Ubiquiti had a return on equity of 113.21% and a net margin of 29.90%.The company’s revenue for the quarter was up 18.7% on a year-over-year basis.

Ubiquiti Trading Down 9.1%

Shares of UI traded down $84.44 during trading hours on Friday, reaching $842.26. 255,913 shares of the company’s stock traded hands, compared to its average volume of 106,668. The stock has a market cap of $50.97 billion, a PE ratio of 57.37 and a beta of 1.46. The firm’s 50 day simple moving average is $870.91 and its 200-day simple moving average is $703.44. Ubiquiti has a 12 month low of $362.29 and a 12 month high of $1,099.99.

Ubiquiti Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, May 18th. Ubiquiti’s dividend payout ratio (DPR) is 21.80%.

Hedge Funds Weigh In On Ubiquiti

A number of large investors have recently modified their holdings of the company. Wealthspire Advisors LLC raised its holdings in shares of Ubiquiti by 3.3% during the 4th quarter. Wealthspire Advisors LLC now owns 506 shares of the company’s stock valued at $280,000 after buying an additional 16 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ubiquiti by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,574 shares of the company’s stock valued at $1,700,000 after buying an additional 20 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Ubiquiti by 36.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 83 shares of the company’s stock valued at $46,000 after buying an additional 22 shares in the last quarter. Xponance LLC raised its holdings in shares of Ubiquiti by 4.6% during the 4th quarter. Xponance LLC now owns 659 shares of the company’s stock valued at $365,000 after buying an additional 29 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Ubiquiti by 6.9% during the 4th quarter. Kestra Advisory Services LLC now owns 513 shares of the company’s stock valued at $284,000 after buying an additional 33 shares in the last quarter. 4.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UI. Zacks Research downgraded Ubiquiti from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Wall Street Zen downgraded Ubiquiti from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BWS Financial increased their price target on Ubiquiti from $720.00 to $980.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Barclays increased their price target on Ubiquiti from $455.00 to $527.00 and gave the stock an “underweight” rating in a research note on Friday, February 6th. Finally, Weiss Ratings upgraded Ubiquiti from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $702.33.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.