Uniti Group (UNIT) to Release Quarterly Earnings on Friday

Uniti Group (NASDAQ:UNIT) is set to release its earnings data before the market opens on Friday, May 3rd. Analysts expect Uniti Group to post earnings of $0.34 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Uniti Group Price Performance

Shares of Uniti Group stock opened at $5.81 on Thursday. Uniti Group has a 1 year low of $3.06 and a 1 year high of $6.71. The firm’s 50-day moving average is $5.90 and its two-hundred day moving average is $5.49. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -32.28 and a beta of 1.40.

Uniti Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Uniti Group’s payout ratio is -333.31%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UNIT. Royal Bank of Canada reiterated a “sector perform” rating and set a $5.50 target price on shares of Uniti Group in a report on Monday, March 25th. TD Cowen increased their price target on shares of Uniti Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Friday, March 1st.

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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States.