Uniti Group (NASDAQ:UNIT - Get Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35, Zacks reports. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. During the same quarter last year, the company earned $0.32 earnings per share. Uniti Group's revenue for the quarter was up 2.6% compared to the same quarter last year. Uniti Group updated its FY 2025 guidance to 1.320-1.390 EPS.
Uniti Group Stock Performance
Shares of UNIT stock traded down $0.41 during mid-day trading on Tuesday, reaching $4.59. The company's stock had a trading volume of 305,139 shares, compared to its average volume of 2,599,408. Uniti Group has a 1-year low of $2.57 and a 1-year high of $6.31. The company has a market cap of $1.13 billion, a P/E ratio of 11.16 and a beta of 1.59. The firm's 50-day moving average is $4.89 and its two-hundred day moving average is $5.39.
Analyst Upgrades and Downgrades
Separately, Raymond James raised Uniti Group from an "outperform" rating to a "strong-buy" rating and upped their price target for the company from $6.00 to $8.00 in a report on Monday, February 24th.
View Our Latest Stock Report on Uniti Group
About Uniti Group
(
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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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