Equities research analysts expect Ubiquiti Networks Inc (NASDAQ:UBNT) to report earnings per share (EPS) of $1.26 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Ubiquiti Networks’ earnings. Ubiquiti Networks reported earnings of $1.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The company is scheduled to report its next earnings results on Friday, November 8th.

According to Zacks, analysts expect that Ubiquiti Networks will report full-year earnings of $5.52 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $6.07 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ubiquiti Networks.

Ubiquiti Networks (NASDAQ:UBNT) last announced its quarterly earnings results on Friday, August 9th. The Wireless communications provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.16 by $0.03. The business had revenue of $286.64 million for the quarter, compared to analysts’ expectations of $303.58 million. Ubiquiti Networks had a net margin of 27.78% and a return on equity of 180.91%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS.

Several analysts have commented on the stock. BidaskClub cut shares of Ubiquiti Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Barclays reiterated a “sell” rating and issued a $100.00 price target on shares of Ubiquiti Networks in a research note on Monday. ValuEngine cut shares of Ubiquiti Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Zacks Investment Research upgraded shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.50.

UBNT stock traded up $2.39 during mid-day trading on Tuesday, hitting $115.40. The company had a trading volume of 515,542 shares, compared to its average volume of 297,284. The company has a market capitalization of $8.04 billion, a P/E ratio of 24.35 and a beta of 1.28. Ubiquiti Networks has a 12-month low of $79.99 and a 12-month high of $174.95. The company has a quick ratio of 3.40, a current ratio of 5.03 and a debt-to-equity ratio of 2.33. The firm’s 50-day moving average price is $129.05.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, August 16th. Ubiquiti Networks’s dividend payout ratio is 21.10%.

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC bought a new position in Ubiquiti Networks in the 2nd quarter worth about $380,000. AXA raised its holdings in shares of Ubiquiti Networks by 16.0% in the second quarter. AXA now owns 75,400 shares of the Wireless communications provider’s stock worth $9,915,000 after buying an additional 10,400 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Ubiquiti Networks by 6.2% in the second quarter. Parametric Portfolio Associates LLC now owns 100,239 shares of the Wireless communications provider’s stock worth $13,181,000 after buying an additional 5,843 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Ubiquiti Networks in the second quarter worth $237,000. Finally, Meadow Creek Investment Management LLC raised its holdings in shares of Ubiquiti Networks by 454.2% in the second quarter. Meadow Creek Investment Management LLC now owns 9,156 shares of the Wireless communications provider’s stock worth $1,204,000 after buying an additional 7,504 shares during the last quarter. Institutional investors own 20.55% of the company’s stock.

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.

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