Wall Street analysts forecast that Uniti Group Inc. (NASDAQ:UNIT – Get Rating) will report earnings per share of $0.42 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Uniti Group’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.40. Uniti Group reported earnings per share of $0.41 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The business is scheduled to report its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Uniti Group will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.76. For the next fiscal year, analysts expect that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.78 to $1.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Uniti Group.
Uniti Group (NASDAQ:UNIT – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The real estate investment trust reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $293.01 million during the quarter, compared to the consensus estimate of $279.19 million. Uniti Group had a negative return on equity of 5.79% and a net margin of 11.21%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 earnings per share.
Institutional investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. purchased a new stake in shares of Uniti Group during the third quarter worth approximately $48,000. Exchange Traded Concepts LLC purchased a new stake in shares of Uniti Group during the fourth quarter worth approximately $54,000. Spire Wealth Management raised its stake in shares of Uniti Group by 111.3% during the fourth quarter. Spire Wealth Management now owns 4,112 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,166 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Uniti Group during the fourth quarter worth approximately $79,000. Finally, Vigilant Capital Management LLC purchased a new stake in shares of Uniti Group during the fourth quarter worth approximately $96,000. Institutional investors and hedge funds own 83.74% of the company’s stock.
UNIT stock traded down $0.27 during trading on Friday, hitting $13.38. 1,276,977 shares of the company’s stock were exchanged, compared to its average volume of 1,442,173. The business has a 50-day moving average price of $13.01 and a two-hundred day moving average price of $13.04. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 26.76 and a beta of 0.98. Uniti Group has a 52-week low of $10.25 and a 52-week high of $14.60.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, April 1st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Thursday, March 31st. Uniti Group’s dividend payout ratio is currently 120.00%.
Uniti Group Company Profile (Get Rating)
Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of September 30, 2020, Uniti owns 6.7 million fiber strand miles and other communications real estate throughout the United States.
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