Zacks: Brokerages Expect Radius Global Infrastructure, Inc. (NASDAQ:RADI) Will Post Quarterly Sales of $31.65 Million

Wall Street analysts expect that Radius Global Infrastructure, Inc. (NASDAQ:RADIGet Rating) will post sales of $31.65 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Radius Global Infrastructure’s earnings, with estimates ranging from $31.60 million to $31.70 million. Radius Global Infrastructure posted sales of $22.17 million in the same quarter last year, which suggests a positive year-over-year growth rate of 42.8%. The business is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Radius Global Infrastructure will report full year sales of $140.53 million for the current financial year, with estimates ranging from $140.17 million to $140.90 million. For the next financial year, analysts forecast that the company will post sales of $179.63 million, with estimates ranging from $178.56 million to $180.70 million. Zacks’ sales averages are an average based on a survey of research firms that follow Radius Global Infrastructure.

Radius Global Infrastructure (NASDAQ:RADIGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Radius Global Infrastructure had a negative return on equity of 10.01% and a negative net margin of 62.63%. During the same quarter in the prior year, the business posted ($0.66) earnings per share.

A number of research firms have commented on RADI. Raymond James decreased their price objective on shares of Radius Global Infrastructure from $21.00 to $18.00 and set a “strong-buy” rating for the company in a report on Wednesday, March 2nd. Credit Suisse Group reduced their price target on shares of Radius Global Infrastructure from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, March 2nd. Finally, Zacks Investment Research downgraded shares of Radius Global Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th.

Several hedge funds and other institutional investors have recently modified their holdings of RADI. Conversant Capital LLC bought a new stake in shares of Radius Global Infrastructure during the fourth quarter valued at about $57,657,000. Park West Asset Management LLC bought a new stake in Radius Global Infrastructure in the third quarter worth about $27,415,000. Westwood Holdings Group Inc. raised its position in Radius Global Infrastructure by 27.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,057,774 shares of the company’s stock worth $81,430,000 after acquiring an additional 1,081,480 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Radius Global Infrastructure by 5,151.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,003,611 shares of the company’s stock worth $16,158,000 after acquiring an additional 984,501 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Radius Global Infrastructure by 62.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,870,702 shares of the company’s stock worth $30,118,000 after acquiring an additional 719,702 shares in the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.

Radius Global Infrastructure stock opened at $14.39 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of -10.19 and a beta of 1.88. The stock has a fifty day simple moving average of $13.63. The company has a current ratio of 6.42, a quick ratio of 6.42 and a debt-to-equity ratio of 1.66. Radius Global Infrastructure has a 12 month low of $11.70 and a 12 month high of $18.79.

Radius Global Infrastructure Company Profile (Get Rating)

Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.

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