Communications Sales & Leasing,Inc. (NASDAQ:UNIT) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $2.50-$2.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.06. The company issued revenue guidance of $913-$918 million, compared to the consensus revenue estimate of $916.02 million.

A number of equities analysts recently commented on the company. Cowen and Company reissued a buy rating on shares of Communications Sales & Leasing,Inc. in a research note on Friday. Zacks Investment Research lowered Communications Sales & Leasing,Inc. from a buy rating to a hold rating in a research note on Tuesday, October 10th. ValuEngine raised Communications Sales & Leasing,Inc. from a hold rating to a buy rating in a research note on Monday, October 2nd. J P Morgan Chase & Co lowered Communications Sales & Leasing,Inc. from an overweight rating to a neutral rating in a research note on Monday, October 2nd. Finally, Citigroup Inc. lowered Communications Sales & Leasing,Inc. from a buy rating to a neutral rating in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $28.38.

Communications Sales & Leasing,Inc. (NASDAQ UNIT) traded down $0.55 during trading hours on Friday, hitting $16.47. The stock had a trading volume of 5,030,330 shares, compared to its average volume of 3,761,603. The firm has a market capitalization of $2,872.33, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.26. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of -0.05.

Communications Sales & Leasing,Inc. (NASDAQ:UNIT) last posted 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 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. Communications Sales & Leasing,Inc.’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. research analysts anticipate that Communications Sales & Leasing,Inc. will post 2.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 14.57%. The ex-dividend date is Thursday, December 28th. Communications Sales & Leasing,Inc.’s payout ratio is -774.19%.

In other Communications Sales & Leasing,Inc. news, EVP Daniel L. Heard purchased 5,400 shares of Communications Sales & Leasing,Inc. stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $18.54 per share, for a total transaction of $100,116.00. Following the completion of the acquisition, the executive vice president now owns 40,793 shares in the company, valued at approximately $756,302.22. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kenny Gunderman purchased 2,000 shares of Communications Sales & Leasing,Inc. stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $19.23 per share, for a total transaction of $38,460.00. Following the completion of the acquisition, the insider now owns 267,553 shares of the company’s stock, valued at approximately $5,145,044.19. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 15,700 shares of company stock worth $297,116. Company insiders own 0.39% of the company’s stock.

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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.

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

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