Ubiquiti Networks (UBNT) Releases Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Share on StockTwits

Ubiquiti Networks (NASDAQ:UBNT) posted its quarterly earnings results on Friday. The Wireless communications provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30, Briefing.com reports. Ubiquiti Networks had a return on equity of 87.51% and a net margin of 19.64%. The business had revenue of $307.28 million for the quarter, compared to analyst estimates of $276.44 million. During the same quarter in the previous year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Ubiquiti Networks updated its FY19 guidance to $4.00-4.80 EPS.

Shares of UBNT opened at $124.53 on Friday. The stock has a market capitalization of $8.82 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.40 and a beta of 1.04. Ubiquiti Networks has a 12-month low of $49.40 and a 12-month high of $128.84. The company has a debt-to-equity ratio of 1.68, a quick ratio of 5.20 and a current ratio of 6.12.

The business also recently disclosed a dividend, which will be paid on Monday, February 25th. Investors of record on Monday, February 18th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 14th. Ubiquiti Networks’s dividend payout ratio (DPR) is currently 27.32%.

Several research firms have recently commented on UBNT. Zacks Investment Research reiterated a “hold” rating and set a $119.00 price target on shares of Ubiquiti Networks in a report on Saturday, November 17th. ValuEngine upgraded Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a report on Friday. Credit Suisse Group set a $86.00 price target on Ubiquiti Networks and gave the stock a “hold” rating in a report on Monday, November 12th. Finally, JMP Securities reiterated a “hold” rating on shares of Ubiquiti Networks in a report on Tuesday, November 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $92.50.

In related news, Director Ronald Sege sold 6,250 shares of the business’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $110.19, for a total value of $688,687.50. Following the sale, the director now directly owns 6,250 shares in the company, valued at approximately $688,687.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 78.70% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This report was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/4141386/ubiquiti-networks-ubnt-releases-quarterly-earnings-results-beats-estimates-by-0-30-eps.html.

About Ubiquiti Networks

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers. It focuses on three principal technologies, including high-capacity distributed Internet access, unified information technology, and consumer electronics for home and personal use. The company's 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.

Read More: What is a blue-chip stock?

Earnings History for Ubiquiti Networks (NASDAQ:UBNT)

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

Latest News

bitGold Trading Up 0.2% Over Last 7 Days
bitGold Trading Up 0.2% Over Last 7 Days
WinToken  Price Hits $0.0002 on Major Exchanges
WinToken Price Hits $0.0002 on Major Exchanges
$4.01 Billion in Sales Expected for Celgene Co.  This Quarter
$4.01 Billion in Sales Expected for Celgene Co. This Quarter
Analysts Expect Tyson Foods, Inc.  to Post $1.21 Earnings Per Share
Analysts Expect Tyson Foods, Inc. to Post $1.21 Earnings Per Share
$1.11 EPS Expected for Henry Schein, Inc.  This Quarter
$1.11 EPS Expected for Henry Schein, Inc. This Quarter
Swapcoin  Price Reaches $0.17 on Top Exchanges
Swapcoin Price Reaches $0.17 on Top Exchanges


Leave a Reply

© 2006-2019 Ticker Report