Ubiquiti Inc. (UI) To Go Ex-Dividend on November 18th

Ubiquiti Inc. (NYSE:UI) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be given a dividend of 0.60 per share on Monday, November 25th. This represents a $2.40 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, November 18th.

Ubiquiti has raised its dividend by an average of 19.7% annually over the last three years. Ubiquiti has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ubiquiti to earn $7.39 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 32.5%.

Ubiquiti Stock Down 2.4 %

UI stock opened at $334.85 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.54 and a quick ratio of 1.59. The stock has a market capitalization of $20.25 billion, a P/E ratio of 51.83 and a beta of 1.13. Ubiquiti has a fifty-two week low of $104.24 and a fifty-two week high of $355.31. The business has a 50-day moving average of $245.98 and a 200-day moving average of $187.88.

Ubiquiti (NYSE:UI) last issued its quarterly earnings results on Friday, August 23rd. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.91 by ($0.17). Ubiquiti had a return on equity of 532.06% and a net margin of 19.36%. The business had revenue of $507.50 million for the quarter, compared to the consensus estimate of $538.23 million. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts anticipate that Ubiquiti will post 7.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UI. Barclays increased their price objective on shares of Ubiquiti from $104.00 to $236.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. StockNews.com raised Ubiquiti from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, BWS Financial boosted their price target on Ubiquiti from $240.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

Ubiquiti Company Profile

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.