Uniti Group (NASDAQ:UNIT) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.09-2.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.13. The company issued revenue guidance of $1.012-1.017 billion, compared to the consensus revenue estimate of $1.01 billion.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Uniti Group from a buy rating to a strong-buy rating in a research note on Friday, October 19th. ValuEngine upgraded Uniti Group from a strong sell rating to a sell rating in a research note on Wednesday, August 15th. Zacks Investment Research cut Uniti Group from a buy rating to a hold rating in a research report on Sunday, July 15th. Royal Bank of Canada reiterated a buy rating and issued a $22.00 price objective on shares of Uniti Group in a research report on Friday, August 17th. Finally, Citigroup cut Uniti Group from a neutral rating to a sell rating and set a $27.00 price objective for the company. in a research report on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Uniti Group presently has an average rating of Hold and a consensus target price of $25.80.
NASDAQ:UNIT traded up $0.23 during trading hours on Friday, hitting $20.01. The company’s stock had a trading volume of 1,493,247 shares, compared to its average volume of 1,518,249. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.92 and a beta of 0.76. Uniti Group has a 52-week low of $13.94 and a 52-week high of $23.42.
Uniti Group (NASDAQ:UNIT) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The business had revenue of $252.60 million during the quarter, compared to analysts’ expectations of $253.97 million. Uniti Group had a negative return on equity of 1.36% and a net margin of 1.76%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. Sell-side analysts anticipate that Uniti Group will post 2.48 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Friday, December 28th. Uniti Group’s payout ratio is 95.62%.
Uniti Group Company Profile
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 June 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 770 wireless towers, and other communications real estate throughout the United States and Latin America.
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