Communications Sales & Leasing,Inc. (UNIT) Expected to Post Earnings of $0.64 Per Share

Brokerages expect that Communications Sales & Leasing,Inc. (NASDAQ:UNIT) will announce $0.64 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Communications Sales & Leasing,Inc.’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.65. Communications Sales & Leasing,Inc. posted earnings per share of ($0.04) in the same quarter last year, which indicates a positive year over year growth rate of 1,700%. The firm is expected to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Communications Sales & Leasing,Inc. will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.50 to $2.53. For the next fiscal year, analysts forecast that the firm will report earnings of $2.65 per share, with EPS estimates ranging from $2.58 to $2.73. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Communications Sales & Leasing,Inc..

UNIT has been the topic of several recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 target price on shares of Communications Sales & Leasing,Inc. in a report on Monday, September 18th. Cowen Inc restated a “buy” rating and issued a $33.00 price objective on shares of Communications Sales & Leasing,Inc. in a research report on Friday, August 25th. ValuEngine upgraded shares of Communications Sales & Leasing,Inc. from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Communications Sales & Leasing,Inc. from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, August 16th. Finally, Citigroup Inc. dropped their price objective on shares of Communications Sales & Leasing,Inc. from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, August 7th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.63.

Shares of Communications Sales & Leasing,Inc. (NASDAQ:UNIT) traded up $0.09 during midday trading on Thursday, hitting $16.26. The stock had a trading volume of 663,405 shares, compared to its average volume of 3,237,399. The firm has a market capitalization of $2,853.03, a PE ratio of 6.72, a P/E/G ratio of 0.89 and a beta of 1.26. The company has a debt-to-equity ratio of -0.05, a quick ratio of 0.03 and a current ratio of 0.03. Communications Sales & Leasing,Inc. has a twelve month low of $13.81 and a twelve month high of $29.65.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 14.76%. The ex-dividend date is Thursday, December 28th. Communications Sales & Leasing,Inc.’s dividend payout ratio (DPR) is -774.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC acquired a new stake in Communications Sales & Leasing,Inc. during the first quarter valued at approximately $7,790,000. Dimensional Fund Advisors LP acquired a new position in shares of Communications Sales & Leasing,Inc. during the 1st quarter worth $479,000. Public Employees Retirement System of Ohio acquired a new position in shares of Communications Sales & Leasing,Inc. during the 1st quarter worth $1,401,000. Capstone Asset Management Co. increased its stake in shares of Communications Sales & Leasing,Inc. by 8.7% during the 2nd quarter. Capstone Asset Management Co. now owns 19,890 shares of the real estate investment trust’s stock worth $500,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Forsta AP Fonden boosted its holdings in shares of Communications Sales & Leasing,Inc. by 471.2% during the 2nd quarter. Forsta AP Fonden now owns 226,200 shares of the real estate investment trust’s stock worth $5,687,000 after buying an additional 186,600 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

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Communications Sales & Leasing,Inc. Company Profile

Uniti Group Inc, formerly Communications Sales & Leasing, Inc, is an internally managed real estate investment trust engaged in the acquisition and construction of infrastructure in the communications industry. The Company focuses on acquiring and constructing fiber optic broadband networks, wireless communications towers, copper and coaxial broadband networks and data centers.

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Earnings History and Estimates for Communications Sales & Leasing,Inc. (NASDAQ:UNIT)

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