Ubiquiti (UI) Expected to Announce Earnings on Friday

Ubiquiti (NYSE:UI) is projected to release its earnings data before the market opens on Friday, February 14th. Analysts expect Ubiquiti to post earnings of $1.71 per share for the quarter.

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

Ubiquiti Price Performance

Shares of UI stock opened at $426.38 on Friday. The firm has a market cap of $25.78 billion, a P/E ratio of 66.00 and a beta of 1.14. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $438.12. The business’s 50 day moving average price is $366.79 and its 200-day moving average price is $277.89. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.32 and a current ratio of 2.54.

Analyst Upgrades and Downgrades

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

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.