LITTLE ROCK, Ark., July 30, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, is scheduled to present at the TD Cowen 10th Annual Communications Infrastructure Summit. The presentation is scheduled for 2:55 PM MDT / 4:55 PM EDT on August 13, 2024 in Boulder, CO. You may access a live webcast of the event on Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a ...

You may access a live webcast of the event on Uniti's Investor Relations website at investor.uniti.com. The webcast will be available for replay for a limited time following the presentation. 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 March 31, 2024, Uniti owns approximately 141,000 fiber route ...

The upcoming report from Uniti Group (UNIT) is expected to reveal quarterly earnings of $0.36 per share, indicating an increase of 5.9% compared to the year-ago period. Analysts forecast revenues of $289.4 million, representing an increase of 2% year over year. Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently s ...

Core Viewpoint - The article discusses the recent upgrade of Uniti Group Inc (UNIT) stock from a "Sell" to a "Hold" rating, highlighting the potential for recovery despite ongoing challenges, particularly related to its merger with Windstream and the implications of losing its REIT status [6][10][12]. Financial Performance - Uniti Group Inc's market capitalization is currently approximately $665.51 million, while its enterprise value stands at around $6.285 billion [5]. - The stock is trading 44% below its 200-day moving average, indicating significant undervaluation relative to historical performance [12]. - Since its spin-off from Windstream in 2016, the enterprise value has remained relatively stable around $6.5 billion, but the market capitalization has drastically decreased from near $5 billion to its current level [13][14]. Investment Strategy - For investors considering a bullish position, the article suggests focusing on bonds rather than equity, particularly secured bonds maturing in 2028 with yields around 10.4% to 10.5% [16][17]. - The unsecured bonds maturing in 2030 offer a higher yield, approximately 17%, making them a more attractive option for those who believe in the long-term value of Uniti's fiber assets [18]. Market Context - The article notes that the general consensus among analysts is that revenue declines for Windstream are expected to continue at around 3% before stabilizing as the company shifts its focus away from enterprise revenues [6]. - The potential tax implications of Uniti moving out of its REIT status could further complicate value creation, as it may lead to a reduction in dividends [6][10].

LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (NASDAQ:UNIT) announced today that it will report its second quarter 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 1, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. ABOUT UNITI INVESTOR AND MEDIA CONTACTS: Bill DiTullio, 501-850-0872 Vice President, Investor Relations & Treasury bill.ditullio@uniti.com The conference call will b ...

LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (Nasdaq: UNIT) announced today that it will report its second quarter 2024 financial results prior to the opening of trading on the Nasdaq Stock Exchange on August 1, 2024. A conference call to discuss those earnings will be held the same day at 8:30 AM Eastern Time. The conference call will be webcast live on Uniti's Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may re ...

Houston, TX., June 17, 2024 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) today announced plans to participate in the drilling of six wells, each well consisting of an approximate 3 mile lateral, on the State Finkle Unit in the Wolfcamp formation in Reeves County, Texas. EOG Resources will act as operator of the unit and is the principal working interest owner in the unit. The unit includes acreage subject to our existing O'Brien lease. We will hold an approximately 0.0078 working ...

LITTLE ROCK, Ark., May 29, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Vice President, Investor Relations & Treasury, Bill DiTullio, are scheduled to present at the Nareit 2024 REITweek Investor Conference. The presentation is scheduled for 9:30 AM EDT on June 5, 2024 in New York, NY. You may access a live webcast of the event on Uniti's Investor Relations website at investor.uniti.com. The webcast wi ...

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 March 31, 2024, Uniti owns approximately 141,000 fiber route miles, 8.5 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com. INVE ...

LITTLE ROCK, Ark., May 22, 2024 (GLOBE NEWSWIRE) -- Uniti Group Inc. ("Uniti") (Nasdaq: UNIT) announced today that its President and Chief Executive Officer, Kenny Gunderman, and Senior Vice President, Chief Financial Officer and Treasurer, Paul Bullington, are scheduled to present at the TD Cowen 52nd Annual Global Technology, Media and Telecom Conference. The presentation is scheduled for 9:40 AM EDT on May 29, 2024 in New York, NY. You may access a live webcast of the event on Uniti's Investor Relations ...