In the latest session, Uniti Group Inc (NASDAQ: UNIT) closed at $6.17 up 0.65% from its previous closing price of $6.13. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 822115 shares were traded. UNIT stock price reached its highest trading level at $6.24 during the session, while it also had its lowest trading level at $6.08.
Ratios:
For a deeper understanding of Uniti Group Inc’s stock, let’s take a closer look at its various ratios.
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 1.46B and an Enterprise Value of 7.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28. Its current Enterprise Value per Revenue stands at 6.11 whereas that against EBITDA is 10.94.
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 5.66, while the 200-Day Moving Average is calculated to be 5.18.
Shares Statistics:
For the past three months, UNIT has traded an average of 1.78M shares per day and 1.62M 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 10.87, 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
According to the company, the forward annual dividend rate for UNIT is 0.60, from 0.60 in the trailing year. Against a Trailing Annual Dividend Yield of 9.79%, it implies a Forward Annual Dividend Yield of 9.79%. The stock’s 5-year Average Dividend Yield is 8.67.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. 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
A total of 7 analysts believe the company’s revenue will be $288.88M this quarter.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.
