Uniti Group Inc. (UNIT)
Uniti Group (UNIT) Beats Q4 FFO Estimates
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.34 per share a year ago.
Uniti Group: Despite Merger Plan, Still Not Attractive
Uniti Group's financial health remains precarious with high debt and interest expenses, leading to a Hold rating despite potential merger benefits. The suspension of dividends and the uncertain future of payouts underscore the company's financial instability. The merger with Windstream aims to improve cash flow and operational efficiency.
Uniti Group: Q3 Earnings, Buying As Share Plummet
Shares of Uniti Group plunged after management announced financial results for the third quarter of the company's 2024 fiscal year and provided guidance for 2024. A change regarding a material issue likely exacerbated matters, but this represents a great buying opportunity. The stock offers tremendous upside and should continue to fare well as time progresses.
Uniti Group Inc. (UNIT) Q3 2024 Earnings Call Transcript
Uniti Group Inc. (NASDAQ:UNIT ) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Conference Call Participants Greg Williams - TD Cowen Frank Louthan - Raymond James David Barden - Bank of America Securities Operator Good morning and welcome to today's conference call to discuss the Uniti's Third Quarter 2024 Earnings Results. My name is Gigi and I'll be your operator for today.
Uniti Group (UNIT) Q3 FFO Miss Estimates
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.35 per share a year ago.
Uniti Group's Upside Is Potentially Massive
Uniti Group continues to trade at a big discount following news that the firm would be merging with Windstream. Despite some profitability metrics declining, Uniti Group's revenue has increased, and the company remains attractively priced. Based on current projections, shares seem to offer significant market-beating potential over the next couple of years.
Uniti Group Inc. (UNIT) Q2 2024 Earnings Call Transcript
Uniti Group Inc. (NASDAQ:UNIT ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Bill DiTullio - VP, IR Kenny Gunderman - CEO Paul Bullington - CFO Drew Smith - CFO, Windstream Holdings, Inc. Conference Call Participants Greg Williams - TD Cowen Operator Good morning and welcome to today's conference call to discuss the Uniti's Second Quarter 2024 Earnings Results. My name is Latif and I'll be your operator for today.
Uniti (UNIT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Uniti (UNIT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Uniti Group (UNIT) Misses Q2 FFO Estimates
Uniti Group (UNIT) came out with quarterly funds from operations (FFO) of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.34 per share a year ago.
Unlocking Q2 Potential of Uniti (UNIT): Exploring Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Uniti (UNIT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Uniti Group: 17% Yield Bonds Offer A Better Play Than The Stock
We had rated Uniti Group Inc. as a Sell in December 2023 and May 2024. We go over why we are now upgrading this to a Hold. We tell you why a bounce is very probable and why bullish investors should still look at the bonds for returns.
Panagora Asset Management Inc. Acquires New Stake in Uniti Group Inc. (NASDAQ:UNIT)
Panagora Asset Management Inc. acquired a new position in shares of Uniti Group Inc. (NASDAQ:UNIT – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 478,531 shares of the real estate investment trust’s stock, valued at approximately $2,766,000. Panagora Asset Management Inc. owned approximately 0.20% of Uniti Group at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Uniti Group by 0.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 310,740 shares of the real estate investment trust’s stock worth $1,796,000 after purchasing an additional 2,200 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Uniti Group by 21.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 17,644 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 3,169 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Uniti Group by 2.1% in the third quarter. Janney Montgomery Scott LLC now owns 181,171 shares of the real estate investment trust’s stock worth $855,000 after acquiring an additional 3,715 shares during the last quarter. Swiss National Bank grew its holdings in Uniti Group by 1.0% in the third quarter. Swiss National Bank now owns 524,474 shares of the real estate investment trust’s stock valued at $2,476,000 after purchasing an additional 5,000 shares during the period. Finally, Apollon Wealth Management LLC increased its position in Uniti Group by 5.4% during the fourth quarter. Apollon Wealth Management LLC now owns 102,948 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 5,251 shares during the last quarter. Institutional investors and hedge funds own 87.51% of the company’s stock. Uniti Group Price Performance Shares of NASDAQ UNIT opened at $3.65 on Monday. Uniti Group Inc. has a 1-year low of $3.39 and a 1-year high of $6.71. The company has a market capitalization of $876.95 million, a price-to-earnings ratio of 60.84 and a beta of 1.40. The business has a 50-day moving average of $5.40 and a 200-day moving average of $5.47. Uniti Group Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 16.44%. The ex-dividend date of this dividend is Friday, June 14th. Uniti Group’s dividend payout ratio is presently 1,000.17%. Analysts Set New Price Targets Several research analysts recently weighed in on UNIT shares. TD Cowen increased their target price on Uniti Group from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $5.50 price objective on shares of Uniti Group in a research note on Monday, March 25th. Finally, Raymond James downgraded shares of Uniti Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $8.00 to $6.00 in a research report on Monday, May 6th. View Our Latest Report on UNIT Uniti Group Company Profile (Free Report) 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 fiber and other wireless solutions for the communications industry. As of December 31, 2023, Uniti owns approximately 140,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States. Read More Five stocks we like better than Uniti Group How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? JD’s Earnings Could Mean Chinese Stocks Making a Comeback About the Markup Calculator Canada Goose Flies Higher Driven By DTC Growth What Are Dividend Challengers? CVS Health Stock Has a Silver Lining Called Value
