Wall Street analysts expect Uniti Group Inc (NASDAQ:UNIT) to report earnings per share of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Uniti Group’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.64. Uniti Group also reported earnings per share of $0.63 in the same quarter last year. The firm is expected to report its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Uniti Group will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.54. For the next financial year, analysts anticipate that the company will report earnings of $2.67 per share, with EPS estimates ranging from $2.65 to $2.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Uniti Group.

Uniti Group (NASDAQ:UNIT) last posted its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.65). The firm had revenue of $247.30 million for the quarter, compared to analyst estimates of $250.07 million. Uniti Group had a negative return on equity of 1.45% and a net margin of 1.83%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS.

A number of brokerages have weighed in on UNIT. BidaskClub lowered Uniti Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 21st. Citigroup lowered Uniti Group from a “neutral” rating to a “sell” rating and set a $27.00 target price for the company. in a research report on Wednesday, July 18th. ValuEngine lowered shares of Uniti Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 27th. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Uniti Group in a research report on Friday, August 17th. Finally, Morgan Stanley lowered shares of Uniti Group from an “overweight” rating to an “equal weight” rating and set a $24.00 price target for the company. in a research report on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $25.80.

A number of hedge funds have recently bought and sold shares of UNIT. Canada Pension Plan Investment Board increased its stake in shares of Uniti Group by 39,066.7% during the second quarter. Canada Pension Plan Investment Board now owns 4,700,000 shares of the real estate investment trust’s stock valued at $94,141,000 after buying an additional 4,688,000 shares during the period. Toscafund Asset Management LLP acquired a new position in shares of Uniti Group in the second quarter worth $45,068,000. Sylebra HK Co Ltd acquired a new position in shares of Uniti Group in the first quarter worth $36,331,000. Angelo Gordon & CO. L.P. acquired a new position in shares of Uniti Group in the second quarter worth $34,003,000. Finally, Barclays PLC increased its stake in shares of Uniti Group by 128.5% in the first quarter. Barclays PLC now owns 2,789,454 shares of the real estate investment trust’s stock worth $45,329,000 after acquiring an additional 1,568,732 shares during the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

Uniti Group stock traded down $0.71 during mid-day trading on Wednesday, reaching $20.34. 3,565,470 shares of the company traded hands, compared to its average volume of 1,658,265. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of -0.04. The company has a market cap of $3.59 billion, a P/E ratio of 8.10, a PEG ratio of 0.94 and a beta of 0.77. Uniti Group has a 52-week low of $13.81 and a 52-week high of $23.42.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.60 dividend. The ex-dividend date is Thursday, September 27th. This represents a $2.40 annualized dividend and a yield of 11.80%. Uniti Group’s payout ratio is 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 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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