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%.
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?
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.