Zacks: Brokerages Expect Radius Global Infrastructure, Inc. (NASDAQ:RADI) Will Announce Quarterly Sales of $29.79 Million

Equities research analysts expect Radius Global Infrastructure, Inc. (NASDAQ:RADI) to announce sales of $29.79 million for the current quarter, Zacks reports. Two analysts have provided estimates for Radius Global Infrastructure’s earnings, with the lowest sales estimate coming in at $29.70 million and the highest estimate coming in at $29.89 million. The firm is scheduled to announce its next earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that Radius Global Infrastructure will report full year sales of $104.40 million for the current fiscal year, with estimates ranging from $104.30 million to $104.50 million. For the next financial year, analysts anticipate that the business will report sales of $145.57 million, with estimates ranging from $142.23 million to $148.90 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Radius Global Infrastructure.

Radius Global Infrastructure (NASDAQ:RADI) last announced its quarterly earnings results on Wednesday, November 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $27.46 million for the quarter, compared to the consensus estimate of $27.31 million. During the same period in the previous year, the company earned ($0.66) earnings per share.

Several brokerages recently weighed in on RADI. Zacks Investment Research upgraded Radius Global Infrastructure from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, December 28th. Berenberg Bank assumed coverage on Radius Global Infrastructure in a research report on Thursday, January 6th. They issued a “buy” rating and a $23.00 price target for the company. Credit Suisse Group increased their price objective on Radius Global Infrastructure from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, November 12th. Finally, Raymond James upgraded Radius Global Infrastructure from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from $19.00 to $21.00 in a research note on Friday, November 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $20.80.

In related news, major shareholder V Trading Subsidiary Lp Dkldo sold 673,276 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $16.26, for a total value of $10,947,467.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Richard I. Goldstein sold 15,000 shares of the stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $18.23, for a total transaction of $273,450.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,294,863 shares of company stock worth $20,990,484. 13.74% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. purchased a new position in shares of Radius Global Infrastructure during the second quarter worth about $50,000. Lazard Asset Management LLC bought a new position in shares of Radius Global Infrastructure in the second quarter worth about $71,000. Legal & General Group Plc purchased a new stake in shares of Radius Global Infrastructure during the second quarter worth about $88,000. Citigroup Inc. grew its holdings in Radius Global Infrastructure by 118.8% during the 3rd quarter. Citigroup Inc. now owns 7,803 shares of the company’s stock valued at $127,000 after buying an additional 4,236 shares in the last quarter. Finally, Caption Management LLC purchased a new position in shares of Radius Global Infrastructure in the 3rd quarter worth approximately $131,000. 88.83% of the stock is owned by institutional investors and hedge funds.

Shares of RADI stock traded down $0.19 on Friday, reaching $14.46. 1,102,509 shares of the company’s stock were exchanged, compared to its average volume of 827,831. The company has a debt-to-equity ratio of 1.85, a current ratio of 5.61 and a quick ratio of 5.61. The company’s fifty day simple moving average is $16.51 and its 200 day simple moving average is $16.26. Radius Global Infrastructure has a 52 week low of $10.62 and a 52 week high of $18.79.

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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