Uniti Group Inc. (NASDAQ:UNIT) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, UNIT to report 3Q20 income of $ 0.21 per share.
For the full year, analysts anticipate top line of $ 1052.68 million, while looking forward to loss of $ 2.96 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,048.00 million ~ $ 1,056.00 million, where as bottomline are predicted in a range of $ 1.70 ~ $ 1.73 per share
Click Here For More Historical Outlooks Of Uniti Group Inc.
Previous Quarter Performance
Uniti Group Inc. unfold income for the second quarter of $ 0.44 per share, from the revenue of $ 266.82 million. The quarterly earnings boosted 120.00 percent compared with the same quarter last year. According to street consensus, UNIT was expected to report 2Q20 income of $ 0.20 per share from revenue of $ 263.26 million. The bottom line results beat street analysts by $ 0.24 or 120.00 percent, at the same time, top line results outshined analysts by $ 3.56 million or 1.35 percent.
Stock Performance
On Friday, shares of Uniti Group Inc. has traded high as $ 9.71 and has cracked $ 9.51 on the downward trend, reaching $ 9.57 with volume of 1.08 million shares.
According to the previous trading day, closing price of $ 9.57, representing a 98.77 % increase from the 52 week low of $ 4.86 and a 12.82 % decrease over the 52 week high of $ 11.08.
The company has a market capital of $ 2.23 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.15 per share to holders of record as of the close of business on September 18, 2020, with payment date of October 2, 2020 and ex-dividend date on September 17, 2020.
Conference Call
Uniti Group Inc. will be hosting a conference call at 4:15 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.uniti.com
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.
