What is Zacks Research’s Estimate for Ubiquiti Q3 Earnings?

Ubiquiti Inc. (NYSE:UI) – Equities researchers at Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for Ubiquiti in a report issued on Friday, September 11th. Zacks Research analyst Team now forecasts that the company will post earnings of $4.04 per share for the quarter, up from their prior forecast of $3.92. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ubiquiti’s current full-year earnings is $15.53 per share. Zacks Research also issued estimates for Ubiquiti’s FY2029 earnings at $20.76 EPS.

Ubiquiti (NYSE:UI) last released its earnings results on Friday, August 21st. The company reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.70. The business had revenue of $937.32 million for the quarter, compared to analyst estimates of $850.50 million. Ubiquiti had a net margin of 29.33% and a return on equity of 85.57%. During the same period last year, the company posted $4.41 EPS.

Several other brokerages have also weighed in on UI. Barclays lowered their price objective on Ubiquiti from $672.00 to $489.00 and set an “underweight” rating for the company in a research report on Monday, August 24th. BWS Financial restated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Thursday, August 27th. Finally, Weiss Ratings lowered Ubiquiti from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ubiquiti presently has an average rating of “Hold” and a consensus price target of $734.50.

Ubiquiti Trading Up 2.0%

Ubiquiti stock opened at $564.08 on Wednesday. The company has a 50-day moving average price of $560.51 and a 200 day moving average price of $677.14. Ubiquiti has a 12-month low of $500.23 and a 12-month high of $1,099.99. The stock has a market cap of $34.14 billion, a P/E ratio of 35.59 and a beta of 1.31.

Institutional Trading of Ubiquiti

Several institutional investors and hedge funds have recently made changes to their positions in UI. Bank of America Corp DE lifted its stake in shares of Ubiquiti by 22.3% in the 1st quarter. Bank of America Corp DE now owns 13,750 shares of the company’s stock worth $10,867,000 after acquiring an additional 2,508 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of Ubiquiti during the 2nd quarter worth approximately $1,526,000. Militia Capital Management LLC purchased a new stake in Ubiquiti during the first quarter worth $1,581,000. Deutsche Bank AG purchased a new stake in shares of Ubiquiti in the second quarter valued at about $12,832,000. Finally, Walleye Capital LLC acquired a new position in shares of Ubiquiti in the second quarter worth $27,413,000. 4.00% of the stock is owned by hedge funds and other institutional investors.

Ubiquiti Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 31st. This is a positive change from Ubiquiti’s previous quarterly dividend of $0.80. This represents a $4.00 annualized dividend and a dividend yield of 0.7%. Ubiquiti’s dividend payout ratio is 25.24%.

About Ubiquiti

Ubiquiti Inc develops and sells networking technology for businesses, service providers and consumers. Its products include wireless access points, routers, gateways, switches, security cameras, access-control systems and network management software.

The company markets its products through several technology platforms and brands, including UniFi for enterprise and small-business networking, and airMAX, LTU and related products for wireless internet service providers. Ubiquiti also offers consumer-focused networking products under the AmpliFi brand and operates software and services designed to help customers manage their networks.

Founded in 2003 by Robert Pera, Ubiquiti serves customers internationally through distributors, online channels and other sales partners.