The closing price of Uniti Group Inc (NASDAQ: UNIT) was $6.04 for the day, up 0.33% from the previous closing price of $6.02. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 1054325 shares were traded.
Ratios:
Our analysis of UNIT’s different ratios will help us gain a deeper understanding of the company.
On November 16, 2020, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $6 to $10.
Wells Fargo Upgraded its Underweight to Equal Weight on August 12, 2020, while the target price for the stock was maintained at $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UNIT now has a Market Capitalization of 1.44B and an Enterprise Value of 7.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25. Its current Enterprise Value per Revenue stands at 6.09 whereas that against EBITDA is 10.90.
Stock Price History:
Over the past 52 weeks, UNIT has reached a high of $6.71, while it has fallen to a 52-week low of $2.94. The 50-Day Moving Average of the stock is 5.69, while the 200-Day Moving Average is calculated to be 5.22.
Shares Statistics:
UNIT traded an average of 1.77M shares per day over the past three months and 1.52M shares per day over the past ten days. A total of 236.56M shares are outstanding, with a floating share count of 230.88M. Insiders hold about 3.30% of the company’s shares, while institutions hold 86.45% stake in the company. Shares short for UNIT as of Feb 29, 2024 were 19.4M with a Short Ratio of 10.98, compared to 20.52M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.13% and a Short% of Float of 12.23%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.60, UNIT has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 9.97%, it implies a Forward Annual Dividend Yield of 9.97%. The stock’s 5-year Average Dividend Yield is 8.67.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.11 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.09, while EPS last year was -$0.08. The consensus estimate for the next quarter is $0.12, with high estimates of $0.15 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.61 and $0.36 for the fiscal current year, implying an average EPS of $0.48. EPS for the following year is $0.56, with 8 analysts recommending between $0.69 and $0.34.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $297M to a low estimate of $285.6M. As of the current estimate, Uniti Group Inc’s year-ago sales were $286.47M, an estimated increase of 0.80% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for UNIT’s current fiscal year. The highest revenue estimate was $1.17B, while the lowest revenue estimate was $1.16B, resulting in an average revenue estimate of $1.16B. In the same quarter a year ago, actual revenue was $1.15B, up 1.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.2B in the next fiscal year. The high estimate is $1.22B and the low estimate is $1.18B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.
