Zacks Research Brokers Raise Earnings Estimates for Ubiquiti

Ubiquiti Inc. (NYSE:UI) – Zacks Research boosted their Q2 2027 EPS estimates for shares of Ubiquiti in a research report issued on Tuesday, July 8th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $2.85 for the quarter, up from their previous estimate of $2.77. The consensus estimate for Ubiquiti’s current full-year earnings is $7.21 per share. Zacks Research also issued estimates for Ubiquiti’s Q3 2027 earnings at $2.66 EPS and FY2027 earnings at $10.30 EPS.

A number of other brokerages have also issued reports on UI. Barclays boosted their target price on shares of Ubiquiti from $222.00 to $247.00 and gave the company an “underweight” rating in a research note on Monday, May 12th. BWS Financial reiterated a “buy” rating and set a $440.00 price objective on shares of Ubiquiti in a report on Monday, May 12th.

Ubiquiti Stock Down 0.7%

Shares of Ubiquiti stock opened at $400.00 on Thursday. The stock’s fifty day moving average is $398.31 and its two-hundred day moving average is $360.31. Ubiquiti has a 52 week low of $153.49 and a 52 week high of $469.98. The company has a market capitalization of $24.20 billion, a PE ratio of 44.05 and a beta of 1.34.

Ubiquiti Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, May 19th. Ubiquiti’s dividend payout ratio (DPR) is presently 26.43%.

Institutional Investors Weigh In On Ubiquiti

Hedge funds have recently made changes to their positions in the company. SW Investment Management LLC boosted its stake in shares of Ubiquiti by 7.4% during the first quarter. SW Investment Management LLC now owns 290,000 shares of the company’s stock valued at $89,941,000 after purchasing an additional 20,000 shares in the last quarter. AQR Capital Management LLC boosted its position in Ubiquiti by 133.9% during the 1st quarter. AQR Capital Management LLC now owns 232,015 shares of the company’s stock valued at $70,521,000 after acquiring an additional 132,816 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Ubiquiti by 1.2% in the 4th quarter. Renaissance Technologies LLC now owns 199,964 shares of the company’s stock valued at $66,374,000 after acquiring an additional 2,400 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Ubiquiti by 926.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 113,305 shares of the company’s stock worth $37,609,000 after acquiring an additional 102,268 shares in the last quarter. Finally, TD Asset Management Inc bought a new position in shares of Ubiquiti in the 1st quarter worth $34,013,000. 4.00% of the stock is currently owned by hedge funds and other institutional investors.

About Ubiquiti

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company 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 related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.