Uniti Group (NASDAQ:UNIT) issued its earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.54), Fidelity Earnings reports. The company had revenue of $263.63 million during the quarter, compared to analyst estimates of $270.14 million. Uniti Group had a negative return on equity of 3.77% and a net margin of 5.34%. Uniti Group updated its FY19 guidance to $1.61-1.66 EPS.
Shares of UNIT stock traded down $0.56 on Friday, reaching $6.05. 3,828,100 shares of the company’s stock traded hands, compared to its average volume of 3,453,133. Uniti Group has a 12-month low of $5.90 and a 12-month high of $20.14. The company has a market capitalization of $1.34 billion, a P/E ratio of 2.41, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04. The business’s 50 day moving average price is $7.48 and its two-hundred day moving average price is $8.96.
UNIT has been the topic of a number of recent research reports. Zacks Investment Research upgraded Uniti Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 11th. ValuEngine upgraded Uniti Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut Uniti Group from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Six analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Sell” and an average price target of $12.57.
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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