Uniti Group (NASDAQ:UNIT) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Uniti Group (NASDAQ:UNIT) released its earnings results on Friday. The real estate investment trust reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02, Zacks reports. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Uniti Group updated its FY 2025 guidance to 1.400-1.470 EPS.

Uniti Group Trading Up 8.6 %

Uniti Group stock traded up $0.47 during trading hours on Friday, reaching $5.89. 1,766,022 shares of the company were exchanged, compared to its average volume of 1,819,444. Uniti Group has a 12 month low of $2.57 and a 12 month high of $6.71. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.35 and a beta of 1.31. The stock has a 50-day moving average of $5.57 and a 200 day moving average of $5.38.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price target on shares of Uniti Group from $5.50 to $6.00 and gave the stock a “sector perform” rating in a research note on Monday, December 23rd.

About Uniti Group

Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.