Uniti Group Inc (UNIT) Expected to Announce Earnings of $0.63 Per Share
Wall Street analysts predict that Uniti Group Inc (NASDAQ:UNIT) will post earnings per share of $0.63 for the current quarter, Zacks reports. Five analysts have provided estimates for Uniti Group’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.65. Uniti Group reported earnings per share of $0.65 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.1%. The firm is expected to report its next earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Uniti Group will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $2.56. For the next financial year, analysts forecast that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.56 to $2.69. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Uniti Group.
Uniti Group (NASDAQ:UNIT) last announced its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.62. The business had revenue of $246.30 million for the quarter, compared to analyst estimates of $246.90 million. The business’s revenue for the quarter was up 19.0% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in Uniti Group by 20.4% in the 4th quarter. Bank of Montreal Can now owns 21,306 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 3,608 shares during the last quarter. American International Group Inc. grew its stake in Uniti Group by 1.1% in the 4th quarter. American International Group Inc. now owns 341,246 shares of the real estate investment trust’s stock valued at $6,071,000 after buying an additional 3,852 shares during the last quarter. Advisory Services Network LLC grew its stake in Uniti Group by 10.0% in the 4th quarter. Advisory Services Network LLC now owns 51,251 shares of the real estate investment trust’s stock valued at $912,000 after buying an additional 4,651 shares during the last quarter. Swiss National Bank grew its stake in Uniti Group by 1.8% in the 4th quarter. Swiss National Bank now owns 283,874 shares of the real estate investment trust’s stock valued at $5,050,000 after buying an additional 5,100 shares during the last quarter. Finally, PVG Asset Management Corp grew its stake in Uniti Group by 3.4% in the 4th quarter. PVG Asset Management Corp now owns 179,696 shares of the real estate investment trust’s stock valued at $3,197,000 after buying an additional 5,828 shares during the last quarter. Institutional investors and hedge funds own 76.48% of the company’s stock.
Shares of Uniti Group (NASDAQ:UNIT) traded up $0.11 on Friday, hitting $16.46. 730,715 shares of the stock traded hands, compared to its average volume of 2,224,550. Uniti Group has a 52 week low of $13.81 and a 52 week high of $27.78. The firm has a market cap of $2,924.39, a price-to-earnings ratio of -109.99, a price-to-earnings-growth ratio of 0.90 and a beta of 0.87. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of -0.05.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 14.58%. Uniti Group’s payout ratio is presently -1,599.89%.
TRADEMARK VIOLATION WARNING: “Uniti Group Inc (UNIT) Expected to Announce Earnings of $0.63 Per Share” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/uniti-group-inc-unit-expected-to-announce-earnings-of-0-63-per-share/1961213.html.
Uniti Group Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.