Ubiquiti (UI) Expected to Announce Earnings on Friday

Ubiquiti (NYSE:UI) will likely be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $1.71 per share for the quarter.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, November 8th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.37. The business had revenue of $550.34 million for the quarter, compared to the consensus estimate of $535.03 million. Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. On average, analysts expect Ubiquiti to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Ubiquiti Stock Performance

NYSE UI opened at $426.38 on Friday. The company has a market cap of $25.78 billion, a PE ratio of 66.00 and a beta of 1.14. The stock’s 50 day simple moving average is $366.79 and its 200-day simple moving average is $277.89. Ubiquiti has a 1-year low of $104.24 and a 1-year high of $438.12. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.32.

Analyst Ratings Changes

A number of brokerages have commented on UI. BWS Financial lifted their target price on shares of Ubiquiti from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Barclays lifted their target price on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised shares of Ubiquiti from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th.

Ubiquiti Company Profile

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.