Analysts expect Uniti Group Inc (NASDAQ:UNIT) to report earnings of $0.54 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Uniti Group’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.51. Uniti Group posted earnings per share of $0.62 in the same quarter last year, which indicates a negative year-over-year growth rate of 12.9%. The firm is scheduled to report its next earnings results after the market closes on Thursday, May 9th.

According to Zacks, analysts expect that Uniti Group will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.24. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.20 to $2.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Uniti Group.

Uniti Group (NASDAQ:UNIT) last released its earnings results on Wednesday, March 20th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.58). Uniti Group had a net margin of 0.91% and a negative return on equity of 0.67%. The business had revenue of $270.75 million during the quarter, compared to the consensus estimate of $267.00 million. During the same quarter in the prior year, the firm earned $0.64 EPS. The business’s revenue was up 9.9% on a year-over-year basis.

A number of research analysts have issued reports on UNIT shares. Raymond James cut Uniti Group from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, February 19th. Wells Fargo & Co downgraded Uniti Group from a “market perform” rating to an “underperform” rating and upped their price target for the stock from $8.00 to $23.00 in a report on Tuesday, March 5th. JPMorgan Chase & Co. cut Uniti Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $23.00 to $16.00 in a research report on Tuesday, February 19th. Cowen cut Uniti Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 19th. Finally, BidaskClub cut Uniti Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 7th. Six analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.00.

Uniti Group stock traded up $0.05 during midday trading on Friday, reaching $11.84. The company’s stock had a trading volume of 1,741,617 shares, compared to its average volume of 4,858,229. Uniti Group has a 52 week low of $8.06 and a 52 week high of $23.42. The stock has a market cap of $2.17 billion, a PE ratio of 4.72, a P/E/G ratio of 1.89 and a beta of 1.07.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.05 dividend. The ex-dividend date was Friday, March 29th. This represents a $0.20 annualized dividend and a yield of 1.69%. Uniti Group’s dividend payout ratio is currently 7.97%.

A number of hedge funds have recently bought and sold shares of the business. Private Capital Group LLC lifted its holdings in Uniti Group by 52.7% in the 4th quarter. Private Capital Group LLC now owns 2,150 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 742 shares during the period. Truvestments Capital LLC bought a new stake in shares of Uniti Group in the 1st quarter worth $59,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Uniti Group by 1,578.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,091,800 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,026,739 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in shares of Uniti Group in the 4th quarter worth $82,000. Finally, IFP Advisors Inc increased its holdings in shares of Uniti Group by 18.7% in the 4th quarter. IFP Advisors Inc now owns 6,484 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 1,020 shares in the last quarter. 72.23% of the stock is currently owned by institutional investors and hedge funds.

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 December 31, 2018, Uniti owns 5.5 million fiber strand miles, approximately 928 wireless towers, and other communications real estate throughout the United States and Latin America.

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