Crown Castle (CCI) to Release Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCI) is anticipated to post its earnings results before the market opens on Wednesday, January 22nd. Analysts expect Crown Castle to post earnings of $0.44 per share and revenue of $1,634,506.55 billion for the quarter.

Crown Castle (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($1.03). The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.64 billion. Crown Castle had a return on equity of 20.98% and a net margin of 18.59%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. On average, analysts expect Crown Castle to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Crown Castle Trading Down 0.1 %

CCI stock traded down $0.06 during midday trading on Wednesday, hitting $86.61. The stock had a trading volume of 3,053,946 shares, compared to its average volume of 3,064,649. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The firm has a market cap of $37.64 billion, a P/E ratio of 30.71 and a beta of 0.87. The business has a fifty day moving average price of $97.57 and a two-hundred day moving average price of $105.81. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $1.565 dividend. This represents a $6.26 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is presently 221.99%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company downgraded Crown Castle from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $105.00 to $100.00 in a report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on shares of Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. UBS Group increased their target price on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. TD Cowen decreased their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and cut their price objective for the stock from $127.00 to $84.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $113.00.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.