Uniti Group (NASDAQ:UNIT – Get Free Report) announced its quarterly earnings data on Friday. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02, Zacks reports. Uniti Group had a negative return on equity of 4.12% and a net margin of 8.82%. The firm had revenue of $293.32 million during the quarter, compared to analyst estimates of $294.59 million. Uniti Group updated its FY 2025 guidance to 1.400-1.470 EPS.
Uniti Group Trading Up 3.7 %
Shares of NASDAQ:UNIT opened at $5.62 on Friday. The business’s 50 day moving average is $5.56 and its 200-day moving average is $5.40. The firm has a market capitalization of $1.37 billion, a PE ratio of 13.71 and a beta of 1.31. Uniti Group has a 1-year low of $2.57 and a 1-year high of $6.71.
Analyst Ratings Changes
Separately, Royal Bank of Canada lifted their price target on Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a report on Monday, December 23rd.
Uniti Group Company Profile
Uniti Group, Inc is a real estate investment trust company, which engages in the acquisition, construction, and leasing of properties. It operates through the following business segments: Uniti Leasing, Uniti Fiber, and Corporate. The Uniti Leasing segment involves mission-critical communications assets on exclusive or shared-tenant basis, and dark fiber network.
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