Now trading at a price of $5.36, Uniti has moved 11.1% so far today.
Uniti returned losses of -36.0% last year, with its stock price reaching a high of $8.94 and a low of $2.94. Over the same period, the stock underperformed the S&P 500 index by -53.0%. As of April 2023, the company's 50-day average price was $5.19. 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 June 30, 2023, Uniti owns approximately 138,000 fiber route miles, 8. Based in Little Rock, AR, the mid-cap Real Estate company has 784 full time employees. Uniti has offered a 12.4% dividend yield over the last 12 months.
The Company Has a Negative Equity Levels:
| 2018-03-01 | 2019-03-18 | 2020-03-12 | 2021-03-05 | 2022-02-25 | 2023-02-28 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $916 | $1,018 | $5,115 | $1,067 | $1,101 | $1,129 |
| Operating Margins | 34% | 34% | -3% | 44% | 51% | 52% |
| Net Margins | -1.0% | 2.0% | -62.0% | -66.0% | 11.0% | -1.0% |
| Net Income (MM) | -$9 | $16 | -$3,158 | -$706 | $124 | -$8 |
| Net Interest Expense (MM) | -$306 | -$320 | -$332 | -$497 | -$446 | -$377 |
| Depreciation & Amort. (MM) | -$434 | -$452 | -$1,068 | -$329 | -$291 | -$293 |
| Earnings Per Share | -$0.1 | $0.05 | -$16.85 | -$3.47 | $0.46 | -$0.04 |
| EPS Growth | n/a | 150.0% | -33800.0% | 79.41% | 113.26% | -108.7% |
| Diluted Shares (MM) | 169 | 177 | 187 | 204 | 264 | 236 |
| Free Cash Flow (MM) | $571 | $896 | $1,412 | $474 | $884 | $886 |
| Capital Expenditures (MM) | -$166 | -$424 | -$878 | -$317 | -$384 | -$426 |
| Net Current Assets (MM) | -$5,434 | -$5,944 | -$6,280 | -$7,114 | -$6,826 | -$7,036 |
| Long Term Debt (MM) | $4,539 | $4,902 | $5,071 | $6,188 | $5,106 | $5,205 |
Uniti does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $0.41, the company has a forward P/E ratio of 12.7. In comparison, the average P/E ratio for the Real Estate sector is 24.81.
There's an Analyst Consensus of Some Upside Potential for Uniti:
The 9 analysts following Uniti have set target prices ranging from $2.94 to $10.0 per share, for an average of $5.6 with a hold rating. As of April 2023, the company is trading -7.3% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Uniti has an above average percentage of its shares sold short because 11.9% of the company's shares are sold short. Institutions own 90.6% of the company's shares, and the insider ownership rate stands at 1.14%, suggesting a small amount of insider investors. The largest shareholder is Blackrock Inc., whose 16% stake in the company is worth $210,789,888.
