Ubiquiti Networks (NASDAQ:UBNT) posted its quarterly earnings results on Friday. The Wireless communications provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.03, Briefing.com reports. Ubiquiti Networks had a return on equity of 152.60% and a net margin of 28.11%. The business had revenue of $286.64 million for the quarter, compared to analyst estimates of $303.58 million. During the same period last year, the company earned $1.01 EPS. Ubiquiti Networks’s revenue for the quarter was up 6.2% compared to the same quarter last year.
UBNT stock opened at $113.95 on Monday. Ubiquiti Networks has a twelve month low of $79.99 and a twelve month high of $174.95. The company has a current ratio of 5.03, a quick ratio of 3.40 and a debt-to-equity ratio of 2.33. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 24.04 and a beta of 1.28. The company’s 50 day moving average is $129.94.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Monday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, August 16th. Ubiquiti Networks’s dividend payout ratio (DPR) is presently 21.10%.
Ubiquiti Networks Company Profile
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.
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