Equities analysts forecast that CROWN CASTLE IN/SH SH (NYSE:CCI) will announce earnings per share of $1.43 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for CROWN CASTLE IN/SH SH’s earnings. The highest EPS estimate is $1.45 and the lowest is $1.41. CROWN CASTLE IN/SH SH posted earnings per share of $1.36 in the same quarter last year, which suggests a positive year-over-year growth rate of 5.1%. The company is expected to announce its next earnings results on Wednesday, April 17th.
On average, analysts expect that CROWN CASTLE IN/SH SH will report full-year earnings of $5.88 per share for the current financial year, with EPS estimates ranging from $5.86 to $5.91. For the next year, analysts expect that the business will report earnings of $6.23 per share, with EPS estimates ranging from $6.09 to $6.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CROWN CASTLE IN/SH SH.
CROWN CASTLE IN/SH SH (NYSE:CCI) last announced its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. The business’s quarterly revenue was up 14.6% on a year-over-year basis.
In other news, SVP Michael Joseph Kavanagh sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $120.06, for a total value of $300,150.00. Following the transaction, the senior vice president now owns 38,471 shares of the company’s stock, valued at approximately $4,618,828.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward C. Hutcheson, Jr. bought 350 shares of CROWN CASTLE IN/SH SH stock in a transaction dated Friday, February 8th. The stock was acquired at an average cost of $117.95 per share, for a total transaction of $41,282.50. Following the purchase, the director now directly owns 59,187 shares in the company, valued at approximately $6,981,106.65. The disclosure for this purchase can be found here. 0.36% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in CROWN CASTLE IN/SH SH by 7.6% during the 3rd quarter. Vanguard Group Inc. now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after acquiring an additional 3,771,236 shares during the last quarter. Vanguard Group Inc boosted its stake in CROWN CASTLE IN/SH SH by 7.6% during the 3rd quarter. Vanguard Group Inc now owns 53,196,893 shares of the real estate investment trust’s stock worth $5,922,410,000 after acquiring an additional 3,771,236 shares during the last quarter. BlackRock Inc. boosted its stake in CROWN CASTLE IN/SH SH by 0.4% during the 4th quarter. BlackRock Inc. now owns 28,057,717 shares of the real estate investment trust’s stock worth $3,047,911,000 after acquiring an additional 118,392 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in CROWN CASTLE IN/SH SH by 0.6% during the 4th quarter. Magellan Asset Management Ltd now owns 12,663,576 shares of the real estate investment trust’s stock worth $1,375,644,000 after acquiring an additional 69,936 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in CROWN CASTLE IN/SH SH by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,123,320 shares of the real estate investment trust’s stock worth $665,173,000 after acquiring an additional 139,365 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors.
Shares of CROWN CASTLE IN/SH SH stock traded down $1.33 during mid-day trading on Monday, reaching $126.67. 1,767,499 shares of the stock were exchanged, compared to its average volume of 1,965,452. The stock has a market capitalization of $53.10 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.47 and a beta of 0.42. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.38. CROWN CASTLE IN/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $128.37.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $1.125 per share. This represents a $4.50 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Thursday, March 14th. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.
About CROWN CASTLE IN/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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