Radius Global Infrastructure (NASDAQ:RADI – Get Rating) will post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect Radius Global Infrastructure to post earnings of ($0.01) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $30.60 million for the quarter, compared to the consensus estimate of $31.65 million. Radius Global Infrastructure had a negative net margin of 55.12% and a negative return on equity of 8.67%. During the same period in the previous year, the company earned ($0.66) earnings per share. On average, analysts expect Radius Global Infrastructure to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Radius Global Infrastructure Stock Performance
Shares of RADI opened at $15.28 on Monday. The company has a quick ratio of 6.92, a current ratio of 6.92 and a debt-to-equity ratio of 1.97. The business has a 50-day simple moving average of $15.02 and a two-hundred day simple moving average of $14.14. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -19.10 and a beta of 1.52. Radius Global Infrastructure has a 52 week low of $11.70 and a 52 week high of $18.79.
Wall Street Analyst Weigh In
Separately, Raymond James raised their price target on Radius Global Infrastructure from $18.00 to $22.00 in a research note on Tuesday, May 10th.
Hedge Funds Weigh In On Radius Global Infrastructure
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of Radius Global Infrastructure by 7.8% in the 1st quarter. Royal Bank of Canada now owns 94,716 shares of the company’s stock valued at $1,352,000 after acquiring an additional 6,864 shares during the period. Rhumbline Advisers raised its holdings in Radius Global Infrastructure by 17.7% in the first quarter. Rhumbline Advisers now owns 86,721 shares of the company’s stock worth $1,238,000 after purchasing an additional 13,031 shares in the last quarter. Sei Investments Co. lifted its position in shares of Radius Global Infrastructure by 13.3% during the first quarter. Sei Investments Co. now owns 73,517 shares of the company’s stock valued at $1,052,000 after buying an additional 8,636 shares during the last quarter. Toroso Investments LLC bought a new stake in shares of Radius Global Infrastructure in the 1st quarter valued at about $728,000. Finally, Wellington Management Group LLP grew its position in shares of Radius Global Infrastructure by 26.0% in the 1st quarter. Wellington Management Group LLP now owns 46,132 shares of the company’s stock worth $659,000 after buying an additional 9,519 shares during the last quarter. 90.95% of the stock is currently owned by institutional investors.
About Radius Global Infrastructure
Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.
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