CROWN CASTLE IN/SH SH (NYSE:CCI) will be releasing its earnings data after the market closes on Wednesday, July 17th. Analysts expect CROWN CASTLE IN/SH SH to post earnings of $1.37 per share for the quarter. CROWN CASTLE IN/SH SH has set its FY 2019 guidance at $5.79-5.89 EPS and its FY19 guidance at $5.50-5.61 EPS.
CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.93). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.39 billion. CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. On average, analysts expect CROWN CASTLE IN/SH SH to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE CCI opened at $133.19 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.91. The firm’s 50 day moving average is $133.09. The firm has a market capitalization of $55.61 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.53 and a beta of 0.33. CROWN CASTLE IN/SH SH has a 1-year low of $103.21 and a 1-year high of $137.85.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $1.125 per share. This represents a $4.50 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, June 13th. CROWN CASTLE IN/SH SH’s payout ratio is 82.12%.
CCI has been the topic of a number of recent research reports. Bank of America set a $47.00 price objective on Yandex and gave the company a “buy” rating in a report on Tuesday, March 19th. Guggenheim downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a report on Friday, April 12th. Wells Fargo & Co lifted their price objective on Sempra Energy from $137.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, April 15th. UBS Group reaffirmed a “buy” rating and set a $70.00 price objective on shares of Lumentum in a report on Thursday, April 11th. Finally, New Street Research downgraded CROWN CASTLE IN/SH SH from a “neutral” rating to a “sell” rating and set a $113.00 price objective on the stock. in a report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $122.46.
In other news, VP Robert Sean Collins sold 1,200 shares of CROWN CASTLE IN/SH SH stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the transaction, the vice president now owns 1,616 shares in the company, valued at $202,307.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Landis Martin bought 18,350 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was purchased at an average price of $123.13 per share, with a total value of $2,259,435.50. Following the purchase, the director now directly owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The disclosure for this purchase can be found here. Insiders own 0.41% of the company’s stock.
About CROWN CASTLE IN/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 70,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.
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