Uniti Group Inc. (NASDAQ:UNIT) is expected to report second quarter earnings results, after market close, on Monday 10th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.20 per share from revenue of $ 263.26 million.
Looking ahead, the full year loss are expected at $ 0.06 per share on the revenues of $ 1057.61 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,050.00 million ~ $ 1,058.00 million, where as bottomline are predicted in a range of $ 1.73 ~ $ 1.76 per share
Click Here For More Historical Outlooks Of Uniti Group Inc.
Previous Quarter Performance
Uniti Group Inc. communicated income for the first quarter of $ 0.45 per share, from the revenue of $ 266.16 million. The quarterly earnings shrunk 10.00 percent while revenues compared with the same quarter last year. According to street consensus, revenue of $ 258.76 million was expected for the first quarter The top line results outshined analysts by $ 7.40 million or 2.86 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of UNIT was $ 10.42, representing a 114.40 % increase from the 52 week low of $ 4.86 and a 5.96 % decrease over the 52 week high of $ 11.08.
The company has a market capital of $ 2.02 billion and is part of the Real Estate sector and REIT – Industrial industry.
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Recent Analyst recommendations
- On 15th July 2020, initiated by Barclays at Equal-Weight rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on May 11, 2020. The dividend were payable on July 10, 2020 to holders of record as of the close of business on June 26, 2020 and ex-dividend date on June 25, 2020.
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 wireless infrastructure solutions for the communications industry. As of March 31, 2019, Uniti owns 5.6 million fiber strand miles, approximately 500 wireless towers, and other communications real estate throughout the United States.
