The price of Uniti Group Inc (NASDAQ: UNIT) closed at $5.86 in the last session, up 2.09% from day before closing price of $5.74. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 4148698 shares were traded.
Ratios:
We take a closer look at UNIT’s different ratios to gain a better understanding of the stock.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 09 when Gunderman Kenny bought 225,000 shares for $4.37 per share. The transaction valued at 983,250 led to the insider holds 1,372,596 shares of the business.
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 1.37B and an Enterprise Value of 7.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98. Its current Enterprise Value per Revenue stands at 6.11 whereas that against EBITDA is 10.29.
Stock Price History:
Over the past 52 weeks, UNIT has reached a high of $6.01, while it has fallen to a 52-week low of $2.94. The 50-Day Moving Average of the stock is 5.47, while the 200-Day Moving Average is calculated to be 4.99.
Shares Statistics:
According to the various share statistics, UNIT traded on average about 1.83M shares per day over the past 3-months and 2.6M shares per day over the past 10 days. A total of 235.83M shares are outstanding, with a floating share count of 230.71M. Insiders hold about 3.34% of the company’s shares, while institutions hold 86.45% stake in the company. Shares short for UNIT as of Feb 15, 2024 were 20.44M with a Short Ratio of 11.18, compared to 19.64M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.57% and a Short% of Float of 12.89%.
Dividends & Splits
The forward annual dividend rate for UNIT is 0.60, which was 0.60 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 10.45%, it implies a Forward Annual Dividend Yield of 10.45%. The stock’s 5-year Average Dividend Yield is 8.91.
Earnings Estimates
The company has 9 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.07, while EPS last year was $0.23. The consensus estimate for the next quarter is $0.11, with high estimates of $0.17 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.17 and -$0.25 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is $0.41, with 10 analysts recommending between $0.66 and $0.23.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $295.93M. It ranges from a high estimate of $299M to a low estimate of $291.5M. As of the current estimate, Uniti Group Inc’s year-ago sales were $283.74M, an estimated increase of 4.30% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $294.94M, an increase of 3.00% less than the figure of $4.30% in the same quarter last year. There is a high estimate of $297.5M for the next quarter, whereas the lowest estimate is $291.46M.
A total of 10 analysts have provided revenue estimates for UNIT’s current fiscal year. The highest revenue estimate was $1.16B, 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 $1.13B, up 2.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.2B in the next fiscal year. The high estimate is $1.24B and the low estimate is $1.18B. The average revenue growth estimate for next year is up 3.00% from the average revenue estimate for this year.
