FY2027 Earnings Forecast for Ubiquiti Inc. (NYSE:UI) Issued By Zacks Research

by · The Cerbat Gem

Ubiquiti Inc. (NYSE:UI – Free Report) – Equities researchers at Zacks Research upped their FY2027 earnings per share estimates for shares of Ubiquiti in a research note issued to investors on Wednesday, October 9th. Zacks Research analyst R. Department now expects that the company will post earnings of $8.20 per share for the year, up from their previous estimate of $8.19. The consensus estimate for Ubiquiti’s current full-year earnings is $7.09 per share.

Ubiquiti (NYSE:UI – Get Free Report) last released its earnings results on Friday, August 23rd. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.91 by ($0.17). Ubiquiti had a net margin of 18.15% and a return on equity of 3,321.33%. The firm had revenue of $507.50 million during the quarter, compared to the consensus estimate of $538.23 million. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.

UI has been the topic of several other reports. StockNews.com lowered Ubiquiti from a “buy” rating to a “hold” rating in a report on Tuesday, September 3rd. BWS Financial increased their target price on Ubiquiti from $160.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Barclays reduced their target price on Ubiquiti from $108.00 to $104.00 and set an “underweight” rating on the stock in a report on Tuesday, August 27th.

Check Out Our Latest Analysis on Ubiquiti

Ubiquiti Stock Performance

Shares of NYSE UI opened at $240.68 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.22 and a quick ratio of 1.59. The stock’s fifty day moving average price is $202.64 and its two-hundred day moving average price is $161.63. Ubiquiti has a one year low of $103.00 and a one year high of $245.39. The firm has a market cap of $14.55 billion, a price-to-earnings ratio of 41.57 and a beta of 1.16.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Tuesday, September 3rd were given a $0.60 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.40 annualized dividend and a yield of 1.00%. Ubiquiti’s dividend payout ratio is presently 41.45%.

Hedge Funds Weigh In On Ubiquiti

Large investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Ubiquiti during the second quarter worth about $44,000. Fairman Group LLC bought a new position in shares of Ubiquiti during the fourth quarter worth about $52,000. Covestor Ltd raised its position in shares of Ubiquiti by 29.0% during the first quarter. Covestor Ltd now owns 516 shares of the company’s stock worth $60,000 after acquiring an additional 116 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of Ubiquiti by 123.4% during the first quarter. EntryPoint Capital LLC now owns 735 shares of the company’s stock worth $85,000 after acquiring an additional 406 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Ubiquiti during the third quarter worth about $222,000. 4.00% of the stock is currently owned by institutional investors.

Ubiquiti Company Profile

(Get Free Report)

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.

Further Reading