-$0.14 EPS Expected for Radius Global Infrastructure, Inc. (NASDAQ:RADI) This Quarter

Analysts expect that Radius Global Infrastructure, Inc. (NASDAQ:RADI) will report earnings of ($0.14) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Radius Global Infrastructure’s earnings. Radius Global Infrastructure posted earnings of ($0.66) per share in the same quarter last year, which indicates a positive year over year growth rate of 78.8%. The firm is expected to announce its next earnings report on Monday, November 15th.

On average, analysts expect that Radius Global Infrastructure will report full year earnings of ($0.44) per share for the current financial year. For the next year, analysts expect that the company will post earnings of ($0.40) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Radius Global Infrastructure.

Radius Global Infrastructure (NASDAQ:RADI) last posted its earnings results on Wednesday, August 11th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.43).

Several equities research analysts recently weighed in on the company. Credit Suisse Group upped their price target on Radius Global Infrastructure from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Zacks Investment Research cut Radius Global Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, August 28th. Finally, Raymond James upped their price target on Radius Global Infrastructure from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 17th.

RADI stock traded down $0.03 during midday trading on Friday, hitting $17.15. The stock had a trading volume of 7,032 shares, compared to its average volume of 459,198. The business has a 50-day moving average of $16.03 and a two-hundred day moving average of $14.94. Radius Global Infrastructure has a 52-week low of $6.57 and a 52-week high of $18.25. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.25 and a quick ratio of 4.25.

A number of institutional investors have recently added to or reduced their stakes in RADI. Ameritas Investment Partners Inc. bought a new position in shares of Radius Global Infrastructure during the second quarter valued at $50,000. Lazard Asset Management LLC bought a new position in shares of Radius Global Infrastructure during the second quarter valued at $71,000. Legal & General Group Plc bought a new position in shares of Radius Global Infrastructure during the second quarter valued at $88,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Radius Global Infrastructure during the second quarter valued at $125,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Radius Global Infrastructure during the first quarter valued at $147,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

About Radius Global Infrastructure

Radius Global Infrastructure, Inc, through its subsidiaries, engages in the acquisition and rental of wireless telecom real properties. The company leases ground or rooftops, wireless towers or antennae, and other structures underlying wireless communications cell sites. As of March 31, 2021, it had interests in 7,435 leases situated on 5,627 communications sites located in the United States and 18 other countries.

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