Zacks: Brokerages Anticipate Ubiquiti Networks, Inc. (UBNT) to Announce $0.72 EPS
Equities research analysts expect Ubiquiti Networks, Inc. (NASDAQ:UBNT) to post earnings per share (EPS) of $0.72 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Ubiquiti Networks’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.78. Ubiquiti Networks posted earnings of $0.86 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.3%. The business is expected to report its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Ubiquiti Networks will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $3.33. For the next fiscal year, analysts forecast that the firm will post earnings of $3.08 per share, with EPS estimates ranging from $2.79 to $3.36. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Ubiquiti Networks.
Ubiquiti Networks (NASDAQ:UBNT) last posted its earnings results on Thursday, August 3rd. The Wireless communications provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.06. The firm had revenue of $228.60 million for the quarter, compared to the consensus estimate of $219.14 million. Ubiquiti Networks had a net margin of 30.95% and a return on equity of 48.86%. The company’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.69 EPS.
A number of analysts recently issued reports on UBNT shares. Vetr lowered shares of Ubiquiti Networks from a “strong-buy” rating to a “buy” rating and set a $55.50 price target for the company. in a research note on Monday, June 26th. Zacks Investment Research lowered shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Credit Suisse Group reiterated a “sell” rating and set a $44.00 target price on shares of Ubiquiti Networks in a research note on Tuesday, May 2nd. Finally, BidaskClub upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ubiquiti Networks currently has a consensus rating of “Hold” and a consensus target price of $49.23.
Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new stake in Ubiquiti Networks during the first quarter valued at $113,000. Pacer Advisors Inc. raised its stake in Ubiquiti Networks by 22.2% in the first quarter. Pacer Advisors Inc. now owns 2,700 shares of the Wireless communications provider’s stock valued at $136,000 after buying an additional 490 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ubiquiti Networks during the second quarter valued at $144,000. Lazard Asset Management LLC raised its stake in Ubiquiti Networks by 26.0% in the first quarter. Lazard Asset Management LLC now owns 3,683 shares of the Wireless communications provider’s stock valued at $185,000 after buying an additional 760 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Ubiquiti Networks during the first quarter valued at $218,000. Hedge funds and other institutional investors own 30.72% of the company’s stock.
Ubiquiti Networks (UBNT) traded up 3.61% on Friday, hitting $65.13. 1,170,763 shares of the company were exchanged. The firm has a 50 day moving average of $51.65 and a 200-day moving average of $51.71. Ubiquiti Networks has a 52-week low of $43.56 and a 52-week high of $65.99. The stock has a market cap of $5.23 billion, a PE ratio of 21.41 and a beta of 0.48.
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Ubiquiti Networks Company Profile
Ubiquiti Networks, Inc develops performance networking technology for service providers and enterprises. The Company offers a portfolio of networking products and solutions. Its service provider product platforms provide carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems and routing.
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