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.

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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.

Several research analysts have recently commented on UNIT shares. ValuEngine lowered shares of Uniti Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub lowered shares of Uniti Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Finally, Cowen set a $26.00 price target on shares of Uniti Group and gave the stock a “buy” rating in a research note on Friday, March 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $25.57.

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%.

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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.

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