Analysts expect Uniti Group Inc (NASDAQ:UNIT) to announce $0.64 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research 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 also posted earnings of $0.64 per share during the same quarter last year. The business is expected to issue its next earnings report on Thursday, March 7th.

On average, analysts expect that Uniti Group will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.49 to $2.51. For the next fiscal year, analysts anticipate that the business will post earnings of $2.62 per share, with EPS estimates ranging from $2.61 to $2.62. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Uniti Group.

Uniti Group (NASDAQ:UNIT) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Uniti Group had a net margin of 1.76% and a negative return on equity of 1.33%. The firm had revenue of $252.60 million during the quarter, compared to analyst estimates of $253.97 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.

A number of research firms recently issued reports on UNIT. ValuEngine raised Uniti Group from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. BidaskClub cut Uniti Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 1st. Zacks Investment Research cut Uniti Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of Uniti Group in a report on Friday, August 17th. Finally, Cowen set a $28.00 price target on Uniti Group and gave the company a “buy” rating in a report on Saturday, August 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.80.

A number of large investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of Uniti Group by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 698,147 shares of the real estate investment trust’s stock valued at $11,345,000 after buying an additional 19,118 shares during the last quarter. Cornerstone Wealth Management LLC bought a new stake in shares of Uniti Group during the 2nd quarter valued at $629,000. BNP Paribas Arbitrage SA raised its stake in shares of Uniti Group by 28.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 99,672 shares of the real estate investment trust’s stock valued at $1,996,000 after purchasing an additional 22,344 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Uniti Group during the 2nd quarter valued at $7,421,000. Finally, First Trust Advisors LP bought a new stake in shares of Uniti Group during the 2nd quarter valued at $425,000. 68.16% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:UNIT traded up $0.08 on Friday, hitting $19.56. The stock had a trading volume of 21,427 shares, compared to its average volume of 1,220,604. Uniti Group has a twelve month low of $13.94 and a twelve month high of $23.42. The company has a market capitalization of $3.46 billion, a PE ratio of 7.80, a P/E/G ratio of 0.90 and a beta of 0.77.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, December 28th. This represents a $2.40 annualized dividend and a yield of 12.27%. Uniti Group’s dividend payout ratio is currently 95.62%.

About Uniti Group

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 wireless infrastructure solutions for the communications industry. As of September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.

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