Brokerages expect Uniti Group Inc. (NASDAQ:UNIT) to announce sales of $271.16 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Uniti Group’s earnings, with the highest sales estimate coming in at $271.21 million and the lowest estimate coming in at $271.10 million. Uniti Group reported sales of $258.77 million in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is expected to report its next earnings report before the market opens on Thursday, November 4th.
On average, analysts expect that Uniti Group will report full-year sales of $1.09 billion for the current financial year. For the next financial year, analysts forecast that the firm will post sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Uniti Group.
Uniti Group (NASDAQ:UNIT) last announced its earnings results on Thursday, August 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). Uniti Group had a negative return on equity of 0.20% and a net margin of 0.39%.
Shares of UNIT stock opened at $11.87 on Thursday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 593.50 and a beta of 0.92. The company has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $11.55. Uniti Group has a 52 week low of $8.70 and a 52 week high of $13.45.
The business also recently announced a quarterly dividend, which was paid on Friday, October 1st. Investors of record on Friday, September 17th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Thursday, September 16th. Uniti Group’s payout ratio is 34.88%.
Uniti Group Company Profile
Uniti Group, Inc is a real estate investment trust company, which is engaged in the acquisition and construction of mission infrastructure in the communications industry. It operates through the following business segments: Leasing, Fiber Infrastructure, Towers, Consumer CLEC, and Corporate. The Leasing segment represents the real estate investment trust operations of the company and includes the results from leasing business, Uniti leasing, which engages in the acquisition of mission-critical communications assets and leasing them to anchor customers on either and exclusive or shared-tenant basis.
Recommended Story: What is a dead cat bounce?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Uniti Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uniti Group and related companies with MarketBeat.com's FREE daily email newsletter.