Equities research analysts forecast that Uniti Group Inc (NASDAQ:UNIT) will post $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Uniti Group’s earnings. Uniti Group posted earnings of $0.64 per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings report on Wednesday, March 18th.

On average, analysts expect that Uniti Group will report full-year earnings of $2.06 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $2.11 per share. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Uniti Group.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.54). The firm had revenue of $263.63 million for the quarter, compared to the consensus estimate of $270.14 million. Uniti Group had a negative return on equity of 3.77% and a net margin of 5.34%.

UNIT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Uniti Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Uniti Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 11th. Finally, BidaskClub lowered shares of Uniti Group from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Six research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average target price of $12.57.

Hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC bought a new position in Uniti Group in the 3rd quarter worth $27,000. Griffin Asset Management Inc. bought a new position in Uniti Group in the 2nd quarter worth $28,000. Mcmillion Capital Management Inc. bought a new position in Uniti Group in the 2nd quarter worth $73,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Uniti Group by 21.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,526 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 2,048 shares in the last quarter. Finally, Ford Financial Group Inc. bought a new position in Uniti Group in the 2nd quarter worth $103,000. Institutional investors and hedge funds own 77.36% of the company’s stock.

Uniti Group stock traded down $0.56 during midday trading on Friday, reaching $6.05. 3,828,100 shares of the stock were exchanged, compared to its average volume of 3,453,133. The company’s fifty day moving average is $7.46 and its 200-day moving average is $8.93. Uniti Group has a 52 week low of $5.90 and a 52 week high of $20.14. The firm has a market cap of $1.34 billion, a PE ratio of 2.41, a PEG ratio of 1.15 and a beta of 1.04.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from Uniti Group’s previous quarterly dividend of $0.05. This represents a $0.88 annualized dividend and a yield of 14.55%. Uniti Group’s dividend payout ratio is 7.97%.

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 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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