-$0.13 EPS Expected for Radius Global Infrastructure, Inc. (NASDAQ:RADI) This Quarter

Brokerages expect that Radius Global Infrastructure, Inc. (NASDAQ:RADI) will announce earnings of ($0.13) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Radius Global Infrastructure’s earnings. The firm is expected to announce its next quarterly earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that Radius Global Infrastructure will report full-year earnings of ($0.44) per share for the current year. For the next year, analysts anticipate that the firm will report earnings of ($0.40) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Radius Global Infrastructure.

Radius Global Infrastructure (NASDAQ:RADI) last posted its earnings results on Wednesday, November 10th. The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The business had revenue of $27.46 million for the quarter, compared to analysts’ expectations of $27.31 million. During the same quarter in the previous year, the firm earned ($0.66) earnings per share.

Several research firms recently commented on RADI. Zacks Investment Research upgraded Radius Global Infrastructure from a “sell” rating to a “hold” rating in a research report on Wednesday, October 27th. Credit Suisse Group lifted their price target on Radius Global Infrastructure from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, November 12th. Finally, Raymond James raised Radius Global Infrastructure from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $19.00 to $21.00 in a research note on Friday, November 12th.

In other Radius Global Infrastructure news, COO Richard I. Goldstein sold 15,000 shares of Radius Global Infrastructure stock in a transaction dated Friday, October 15th. The stock was sold at an average price of $16.94, for a total transaction of $254,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 45,000 shares of company stock valued at $784,350. Corporate insiders own 13.74% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RADI. Northern Trust Corp lifted its stake in shares of Radius Global Infrastructure by 6.1% in the 1st quarter. Northern Trust Corp now owns 110,475 shares of the company’s stock valued at $1,624,000 after acquiring an additional 6,367 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Radius Global Infrastructure in the 1st quarter valued at about $1,276,000. Nuveen Asset Management LLC bought a new stake in shares of Radius Global Infrastructure in the 1st quarter valued at about $1,787,000. Royal Bank of Canada increased its holdings in Radius Global Infrastructure by 289.0% during the 1st quarter. Royal Bank of Canada now owns 25,546 shares of the company’s stock valued at $376,000 after purchasing an additional 18,979 shares during the period. Finally, Man Group plc purchased a new position in Radius Global Infrastructure during the 1st quarter valued at about $201,000. 84.21% of the stock is owned by institutional investors.

Radius Global Infrastructure stock traded up $0.19 during midday trading on Thursday, hitting $17.41. 789,937 shares of the company’s stock were exchanged, compared to its average volume of 538,069. Radius Global Infrastructure has a 52-week low of $7.91 and a 52-week high of $18.79. The stock’s 50-day moving average price is $17.22. The company has a quick ratio of 4.25, a current ratio of 5.61 and a debt-to-equity ratio of 1.85.

About Radius Global Infrastructure

Radius Global Infrastructure, Inc, through its subsidiaries, engages in the acquisition and rental of wireless telecom real properties. The company leases ground or rooftops, wireless towers or antennae, and other structures underlying wireless communications cell sites. As of March 31, 2021, it had interests in 7,435 leases situated on 5,627 communications sites located in the United States and 18 other countries.

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