Uniti Group (UNIT) Set to Announce Quarterly Earnings on Friday

Uniti Group (NASDAQ:UNIT) will be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Uniti Group Trading Down 2.0 %

UNIT stock opened at $5.60 on Friday. The firm has a market capitalization of $1.34 billion, a PE ratio of -31.08 and a beta of 1.40. Uniti Group has a one year low of $2.94 and a one year high of $6.71. The firm has a 50-day moving average of $5.86 and a two-hundred day moving average of $5.46.

Uniti Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.72%. Uniti Group’s dividend payout ratio is -333.31%.

Analyst Upgrades and Downgrades

UNIT has been the topic of a number of research reports. TD Cowen increased their price objective on Uniti Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $5.50 price target on shares of Uniti Group in a report on Monday, March 25th.

Uniti Group Company Profile

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.