Brokerages Anticipate Ubiquiti Inc. (NYSE:UI) to Announce $1.28 Earnings Per Share

Ubiquiti Inc. (NYSE:UI) has earned an average broker rating score of 3.50 (Sell) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has issued a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company.

Analysts have set a 12 month consensus target price of $118.25 for the company and are expecting that the company will post $1.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Ubiquiti an industry rank of 162 out of 255 based on the ratings given to related companies.

Several research analysts recently commented on UI shares. Zacks Investment Research downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating in a report on Saturday, September 14th. BWS Financial started coverage on shares of Ubiquiti in a report on Wednesday, October 9th. They issued a “buy” rating for the company. Finally, ValuEngine downgraded shares of Ubiquiti from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. bought a new position in Ubiquiti in the 3rd quarter worth approximately $980,000. Robeco Institutional Asset Management B.V. bought a new position in Ubiquiti in the 3rd quarter valued at $3,282,000. Navellier & Associates Inc bought a new position in Ubiquiti in the 3rd quarter valued at $4,293,000. Valeo Financial Advisors LLC bought a new position in Ubiquiti in the 3rd quarter valued at $119,000. Finally, CLARET ASSET MANAGEMENT Corp bought a new position in Ubiquiti in the 3rd quarter valued at $13,070,000. 19.11% of the stock is owned by institutional investors.

UI traded up $0.98 on Wednesday, hitting $127.37. The company’s stock had a trading volume of 1,722 shares, compared to its average volume of 297,879. The stock’s 50 day simple moving average is $116.85. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 2.53 and a beta of 1.22. Ubiquiti has a 12 month low of $84.72 and a 12 month high of $174.95. The company has a current ratio of 4.21, a quick ratio of 2.73 and a debt-to-equity ratio of 4.68.

Ubiquiti (NYSE:UI) last released its quarterly earnings data on Friday, August 9th. The company reported $1.18 EPS for the quarter. The company had revenue of $286.64 million during the quarter. Ubiquiti had a net margin of 27.78% and a return on equity of 206.17%. Research analysts anticipate that Ubiquiti will post 5.52 EPS for the current year.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other WLAN products, as well as offers consumer products under the Ubiquiti Labs brand name.

See Also: What does EPS mean?

Get a free copy of the Zacks research report on Ubiquiti (UI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ubiquiti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ubiquiti and related companies with MarketBeat.com's FREE daily email newsletter.