Brokerages expect Crown Castle International Corp. (REIT) (NYSE:CCI) to announce $1.34 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Crown Castle International’s earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.29. Crown Castle International posted earnings of $1.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The business is scheduled to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Crown Castle International will report full-year earnings of $5.54 per share for the current fiscal year, with EPS estimates ranging from $5.43 to $5.63. For the next fiscal year, analysts forecast that the company will report earnings of $6.02 per share, with EPS estimates ranging from $5.89 to $6.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Crown Castle International.
Crown Castle International (NYSE:CCI) last announced its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.84). The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a net margin of 10.21% and a return on equity of 4.95%. Crown Castle International’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS.
A number of research firms have commented on CCI. Zacks Investment Research lowered Crown Castle International from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Goldman Sachs lowered Crown Castle International from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, March 13th. Guggenheim reissued a “buy” rating and issued a $115.00 price objective on shares of Crown Castle International in a research note on Friday, January 26th. Finally, Deutsche Bank reissued a “buy” rating and issued a $120.00 price objective on shares of Crown Castle International in a research note on Monday, January 22nd. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $113.75.
CCI stock traded down $0.73 during trading on Wednesday, hitting $108.88. The company had a trading volume of 877,244 shares, compared to its average volume of 2,926,647. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $44,601.10, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.34 and a beta of 0.29. Crown Castle International has a fifty-two week low of $93.14 and a fifty-two week high of $114.97.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, March 15th. Crown Castle International’s dividend payout ratio (DPR) is presently 86.60%.
In other news, SVP Kenneth Jay Simon sold 693 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total transaction of $75,391.47. Following the transaction, the senior vice president now owns 14,869 shares of the company’s stock, valued at $1,617,598.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay A. Brown sold 18,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total value of $1,951,740.00. Following the transaction, the insider now directly owns 162,526 shares in the company, valued at approximately $17,622,694.18. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avestar Capital LLC bought a new stake in Crown Castle International in the fourth quarter valued at about $112,000. Pinnacle Wealth Planning Services Inc. bought a new stake in Crown Castle International in the fourth quarter valued at about $124,000. Icon Wealth Partners LLC bought a new stake in Crown Castle International in the fourth quarter valued at about $126,000. Benjamin F. Edwards & Company Inc. increased its holdings in Crown Castle International by 1,463.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,157 shares of the real estate investment trust’s stock valued at $128,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Crown Castle International in the fourth quarter valued at about $146,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
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Crown Castle International Company Profile
Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).
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