Uniti Group (NASDAQ:UNIT) Issues Quarterly Earnings Results

Uniti Group (NASDAQ:UNIT) released its quarterly earnings data on Friday. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02, Zacks reports. Uniti Group had a net margin of 8.82% and a negative return on equity of 4.12%. Uniti Group updated its FY 2025 guidance to 1.400-1.470 EPS.

Uniti Group Stock Performance

Uniti Group stock traded up $0.43 during mid-day trading on Friday, hitting $5.85. 1,824,131 shares of the company traded hands, compared to its average volume of 1,821,135. Uniti Group has a one year low of $2.57 and a one year high of $6.71. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 14.28 and a beta of 1.31. The stock has a fifty day moving average price of $5.57 and a 200-day moving average price of $5.38.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective on Uniti Group from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note 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.