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

Ubiquiti Inc. (NYSE:UI) announced a dividend on Friday, November 8th, Fidelity reports. Investors 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.

UI stock opened at $176.74 on Friday. 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 50-day moving average price of $123.11. The company has a market capitalization of $7.98 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.49 and a beta of 1.24. Ubiquiti has a 1-year low of $92.08 and a 1-year high of $177.65.

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

Several analysts recently weighed in on UI shares. Zacks Investment Research downgraded Ubiquiti from a “buy” rating to a “hold” rating and set a $135.00 price objective for the company. in a report on Monday, October 28th. BWS Financial started coverage on Ubiquiti in a report on Wednesday, October 9th. They issued a “buy” rating for the company. Finally, ValuEngine downgraded Ubiquiti from a “hold” rating to a “sell” rating in a report on Saturday, October 5th.

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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