Ubiquiti Inc. Announces Dividend of $0.30 (NYSE:UI)

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Ubiquiti Inc. (NYSE:UI) announced a dividend on Friday, November 8th, Fidelity reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.30 per share on Monday, November 25th. The ex-dividend date is Friday, November 15th.

Ubiquiti stock traded up $46.75 during mid-day trading on Friday, hitting $176.74. The company’s stock had a trading volume of 1,369,927 shares, compared to its average volume of 375,453. The company has a current ratio of 4.21, a quick ratio of 2.73 and a debt-to-equity ratio of 4.68. The stock has a market cap of $7.98 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.49 and a beta of 1.24. The business has a 50 day moving average of $123.11. Ubiquiti has a 12 month low of $92.08 and a 12 month high of $177.65.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, November 8th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.16. The business had revenue of $323.30 million during the quarter, compared to the consensus estimate of $307.95 million. Ubiquiti had a net margin of 27.78% and a return on equity of 206.17%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. Equities analysts forecast that Ubiquiti will post 5.52 earnings per share for the current year.

UI has been the subject of several recent research reports. ValuEngine downgraded shares of Ubiquiti from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. BWS Financial initiated coverage on shares of Ubiquiti in a research note on Wednesday, October 9th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded shares of Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price target for the company. in a research note on Monday, October 28th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers worldwide. It 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 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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