Uniti Group Inc (NASDAQ: UNIT) closed the day trading at $6.56 up 2.66% from the previous closing price of $6.39. In other words, the price has increased by $+0.17 from its previous closing price. On the day, 1420400 shares were traded.
Ratios:
For a better understanding of UNIT, let’s look at its different 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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 09 ’23 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 1.55B and an Enterprise Value of 7.11B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36. Its current Enterprise Value per Revenue stands at 6.19 whereas that against EBITDA is 11.07.
Stock Price History:
Over the past 52 weeks, UNIT has reached a high of $6.60, while it has fallen to a 52-week low of $2.94. The 50-Day Moving Average of the stock is 5.54, while the 200-Day Moving Average is calculated to be 5.05.
Shares Statistics:
Over the past 3-months, UNIT traded about 1.94M shares per day on average, while over the past 10 days, UNIT traded about 3.07M shares per day. 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 86.43% stake in the company. Shares short for UNIT as of Feb 15, 2024 were 20.44M with a Short Ratio of 10.56, compared to 19.64M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.64% and a Short% of Float of 13.06%.
Dividends & Splits
UNIT’s forward annual dividend rate is 0.60, up from 0.60 a year ago. Against a Trailing Annual Dividend Yield of 9.39%, it implies a Forward Annual Dividend Yield of 9.16%. The stock’s 5-year Average Dividend Yield is 8.67.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.15 and a low estimate of $0.08, 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 $0.07.
Analysts are recommending an EPS of between $0.61 and $0.31 for the fiscal current year, implying an average EPS of $0.46. EPS for the following year is $0.54, with 7 analysts recommending between $0.69 and $0.29.
Revenue Estimates
8 analysts predict $291.95M in revenue for the current quarter. It ranges from a high estimate of $297.5M to a low estimate of $286.02M. As of the current estimate, Uniti Group Inc’s year-ago sales were $286.47M, an estimated increase of 1.90% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for UNIT’s current fiscal year. The highest revenue estimate was $1.19B, while the lowest revenue estimate was $1.16B, resulting in an average revenue estimate of $1.18B. In the same quarter a year ago, actual revenue was $1.15B, up 2.30% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.21B in the next fiscal year. The high estimate is $1.23B and the low estimate is $1.2B. The average revenue growth estimate for next year is up 2.70% from the average revenue estimate for this year.
