Ubiquiti Inc. (NYSE:UI) Plans $0.30 Dividend

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Ubiquiti Inc. (NYSE:UI) declared a dividend on Friday, November 8th, Fidelity reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.30 per share on Friday, November 29th. The ex-dividend date is Friday, November 15th.

NYSE:UI opened at $183.77 on Thursday. Ubiquiti has a fifty-two week low of $92.08 and a fifty-two week high of $185.38. The company has a debt-to-equity ratio of 4.68, a current ratio of 4.21 and a quick ratio of 2.73. The company has a market cap of $11.82 billion, a PE ratio of 38.77, a PEG ratio of 3.68 and a beta of 1.24. The company’s 50-day simple moving average is $127.91.

Ubiquiti (NYSE:UI) last announced its earnings results on Friday, November 8th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. Ubiquiti had a return on equity of 265.08% and a net margin of 27.88%. The business had revenue of $323.30 million for the quarter, compared to analyst estimates of $307.95 million. During the same quarter last year, the firm earned $1.17 EPS. Ubiquiti’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Ubiquiti will post 5.65 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Ubiquiti from a “sell” rating to a “hold” rating in a research report on Monday. BWS Financial lifted their target price on Ubiquiti from $150.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research lowered Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 target price on the stock. in a research report on Monday, October 28th. Finally, Barclays lifted their target price on Ubiquiti from $100.00 to $145.00 in a research report on Monday.

About Ubiquiti

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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