Zacks: Brokerages Expect Ubiquiti Networks (UBNT) to Post $0.80 Earnings Per Share

Analysts expect Ubiquiti Networks (NASDAQ:UBNT) to post $0.80 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Ubiquiti Networks’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.83. Ubiquiti Networks reported earnings of $0.78 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The firm is expected to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Ubiquiti Networks will report full-year earnings of $3.56 per share for the current year, with EPS estimates ranging from $3.35 to $3.77. For the next financial year, analysts expect that the company will report earnings of $3.86 per share, with EPS estimates ranging from $3.37 to $4.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Ubiquiti Networks.

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Ubiquiti Networks (NASDAQ:UBNT) last released its quarterly earnings results on Thursday, February 8th. The Wireless communications provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.06. Ubiquiti Networks had a net margin of 15.73% and a return on equity of 47.42%. The company had revenue of $250.80 million for the quarter, compared to analyst estimates of $239.89 million. During the same period last year, the firm earned $0.72 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis.

UBNT has been the topic of a number of recent analyst reports. BidaskClub raised shares of Ubiquiti Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 19th. Vetr lowered shares of Ubiquiti Networks from a “hold” rating to a “sell” rating and set a $71.07 price target on the stock. in a research report on Thursday, January 4th. Zacks Investment Research raised shares of Ubiquiti Networks from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Friday, January 12th. Deutsche Bank raised their price target on shares of Ubiquiti Networks from $47.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets lifted their price objective on shares of Ubiquiti Networks from $60.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.75.

UBNT opened at $69.26 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 10.00 and a current ratio of 10.94. Ubiquiti Networks has a fifty-two week low of $45.71 and a fifty-two week high of $82.30. The stock has a market cap of $5,462.94, a P/E ratio of 22.41, a PEG ratio of 1.96 and a beta of 0.78.

Ubiquiti Networks announced that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the Wireless communications provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado bought a new stake in Ubiquiti Networks in the fourth quarter worth about $104,000. Xact Kapitalforvaltning AB bought a new stake in Ubiquiti Networks in the fourth quarter worth about $203,000. Brown Advisory Inc. bought a new stake in Ubiquiti Networks in the third quarter worth about $211,000. Amalgamated Bank bought a new stake in Ubiquiti Networks in the fourth quarter worth about $216,000. Finally, HPM Partners LLC bought a new stake in Ubiquiti Networks in the fourth quarter worth about $217,000. 31.10% of the stock is currently owned by institutional investors and hedge funds.

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About Ubiquiti Networks

Ubiquiti Networks, Inc develops networking technology for service providers, enterprises, and consumers worldwide. The company's 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 complimentary WLAN products.

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