Brokerages expect that Communications Sales & Leasing,Inc. (NASDAQ:UNIT) will announce $247.03 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Communications Sales & Leasing,Inc.’s earnings. The lowest sales estimate is $245.70 million and the highest is $250.40 million. Communications Sales & Leasing,Inc. posted sales of $206.92 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.4%. The business is scheduled to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Communications Sales & Leasing,Inc. will report full year sales of $247.03 million for the current fiscal year, with estimates ranging from $914.80 million to $917.35 million. For the next financial year, analysts forecast that the firm will report sales of $1.01 billion per share, with estimates ranging from $992.20 million to $1.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Communications Sales & Leasing,Inc..

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.06). The firm had revenue of $213.01 million during the quarter, compared to analyst estimates of $214.09 million. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share.

Several equities analysts have recently issued reports on UNIT shares. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Communications Sales & Leasing,Inc. in a report on Monday, September 18th. Morgan Stanley reissued an “overweight” rating and issued a $24.00 price objective (down previously from $34.00) on shares of Communications Sales & Leasing,Inc. in a report on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and issued a $33.00 price objective on shares of Communications Sales & Leasing,Inc. in a report on Friday, August 25th. Citigroup Inc. cut Communications Sales & Leasing,Inc. from a “buy” rating to a “neutral” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research cut Communications Sales & Leasing,Inc. from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Communications Sales & Leasing,Inc. currently has an average rating of “Buy” and an average target price of $28.38.

Communications Sales & Leasing,Inc. (NASDAQ UNIT) opened at $16.47 on Monday. The stock has a market capitalization of $2,889.88, a PE ratio of 6.81, a PEG ratio of 0.89 and a beta of 1.26. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of -0.05. Communications Sales & Leasing,Inc. has a fifty-two week low of $13.81 and a fifty-two week high of $29.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.57%. Communications Sales & Leasing,Inc.’s payout ratio is currently -774.19%.

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In other news, EVP Daniel L. Heard bought 5,400 shares of Communications Sales & Leasing,Inc. stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $18.54 per share, with a total value of $100,116.00. Following the completion of the acquisition, the executive vice president now directly owns 40,793 shares of the company’s stock, valued at $756,302.22. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kenny Gunderman bought 4,000 shares of Communications Sales & Leasing,Inc. stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $18.88 per share, with a total value of $75,520.00. Following the acquisition, the insider now directly owns 271,553 shares of the company’s stock, valued at $5,126,920.64. The disclosure for this purchase can be found here. Insiders have acquired 15,700 shares of company stock valued at $297,116 in the last three months. Insiders own 0.39% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in shares of Communications Sales & Leasing,Inc. during the first quarter valued at approximately $242,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Communications Sales & Leasing,Inc. during the second quarter valued at approximately $265,000. IFP Advisors Inc raised its holdings in shares of Communications Sales & Leasing,Inc. by 12.6% during the second quarter. IFP Advisors Inc now owns 14,132 shares of the real estate investment trust’s stock valued at $355,000 after acquiring an additional 1,585 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of Communications Sales & Leasing,Inc. during the first quarter valued at approximately $479,000. Finally, Amalgamated Bank acquired a new position in shares of Communications Sales & Leasing,Inc. during the first quarter valued at approximately $507,000. 68.35% of the stock is owned by institutional investors and hedge funds.

About Communications Sales & Leasing,Inc.

Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

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Earnings History and Estimates for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

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