Equities research analysts forecast that Uniti Group Inc (NASDAQ:UNIT) will announce earnings per share (EPS) of $0.64 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Uniti Group’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.65. Uniti Group also posted earnings of $0.64 per share in the same quarter last year. The firm is expected to report its next earnings report on Thursday, March 7th.

According to Zacks, analysts expect that Uniti Group will report full-year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.49 to $2.51. For the next financial year, analysts forecast that the firm will report earnings of $2.62 per share, with EPS estimates ranging from $2.61 to $2.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Uniti Group.

Uniti Group (NASDAQ:UNIT) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Uniti Group had a net margin of 1.76% and a negative return on equity of 1.33%. The firm had revenue of $252.60 million during the quarter, compared to analysts’ expectations of $253.97 million. During the same period in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis.

Several research firms have commented on UNIT. BidaskClub raised Uniti Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 19th. ValuEngine raised Uniti Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Uniti Group in a research note on Friday, August 17th. Cowen set a $28.00 price objective on Uniti Group and gave the company a “buy” rating in a research note on Saturday, August 11th. Finally, Zacks Investment Research cut Uniti Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.80.

UNIT traded down $0.12 on Friday, hitting $19.36. 1,091,683 shares of the company traded hands, compared to its average volume of 1,259,013. The company has a market cap of $3.47 billion, a PE ratio of 7.71, a P/E/G ratio of 0.90 and a beta of 0.77. Uniti Group has a 12-month low of $13.94 and a 12-month high of $23.42.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 12.40%. The ex-dividend date is Friday, December 28th. Uniti Group’s dividend payout ratio is currently 95.62%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Uniti Group in the 3rd quarter worth approximately $101,000. Quad Cities Investment Group LLC acquired a new stake in shares of Uniti Group in the 2nd quarter worth approximately $111,000. Qube Research & Technologies Ltd acquired a new stake in shares of Uniti Group in the 2nd quarter worth approximately $132,000. Hsbc Holdings PLC acquired a new stake in shares of Uniti Group in the 3rd quarter worth approximately $211,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Uniti Group in the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds own 68.16% of the company’s stock.

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 September 30, 2018, Uniti owns 5.4 million fiber strand miles, approximately 850 wireless towers, and other communications real estate throughout the United States and Latin America.

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