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

Ubiquiti Inc. (NYSE:UI) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Monday, May 18th will be paid a dividend of 0.80 per share on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 18th.

Ubiquiti has raised its dividend by an average of 0.1%annually over the last three years. Ubiquiti has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ubiquiti to earn $15.16 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 21.1%.

Ubiquiti Stock Performance

Ubiquiti stock opened at $624.13 on Friday. Ubiquiti has a twelve month low of $368.42 and a twelve month high of $1,099.99. The firm has a market cap of $37.77 billion, a PE ratio of 40.11 and a beta of 1.46. The firm’s 50 day moving average price is $862.64 and its two-hundred day moving average price is $702.96.

Ubiquiti (NYSE:UI) last posted its quarterly earnings results on Friday, May 8th. The company reported $3.88 EPS for the quarter, missing the consensus estimate of $4.29 by ($0.41). Ubiquiti had a net margin of 30.43% and a return on equity of 95.62%. The company had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $814.30 million. The business’s quarterly revenue was up 18.7% on a year-over-year basis. Equities analysts anticipate that Ubiquiti will post 14.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research cut Ubiquiti from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings raised Ubiquiti from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Barclays lifted their price target on Ubiquiti from $527.00 to $672.00 and gave the company an “underweight” rating in a report on Monday. BWS Financial restated a “buy” rating and issued a $980.00 price objective on shares of Ubiquiti in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Ubiquiti from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $750.67.

Ubiquiti Company Profile

Ubiquiti Inc (NYSE: UI) is a U.S.-based technology company that designs and sells networking and wireless communication products for enterprise, service provider and consumer markets. Its product portfolio includes Wi‑Fi access points, routers and gateways, managed Ethernet switches, network management software, and IP surveillance systems. Ubiquiti’s offerings are organized under several well‑known lines—most notably UniFi for managed LAN/Wi‑Fi and networked video, AmpliFi for consumer Wi‑Fi, and product families targeting service‑provider and point‑to‑point wireless broadband applications.

The company emphasizes integrated hardware and software solutions, with centralized management and cloud‑enabled control as core features of its platform approach.