Zacks: Brokerages Anticipate CROWN CASTLE IN/SH SH (CCI) Will Announce Earnings of $1.28 Per Share

Equities research analysts forecast that CROWN CASTLE IN/SH SH (NYSE:CCI) will post earnings of $1.28 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for CROWN CASTLE IN/SH SH’s earnings. The highest EPS estimate is $1.46 and the lowest is $0.37. CROWN CASTLE IN/SH SH posted earnings per share of $1.31 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The business is scheduled to issue its next earnings results on Wednesday, July 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 $5.83 to $5.95. For the next financial year, analysts anticipate that the firm will report earnings of $6.26 per share, with EPS estimates ranging from $6.20 to $6.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover CROWN CASTLE IN/SH SH.

CROWN CASTLE IN/SH SH (NYSE:CCI) last issued its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.93). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. CROWN CASTLE IN/SH SH’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share.

Several research firms recently weighed in on CCI. UBS Group lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $130.00 price target on the stock. in a research report on Thursday, April 11th. Wells Fargo & Co lifted their price target on CROWN CASTLE IN/SH SH from $129.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Guggenheim lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating in a research report on Friday, April 12th. They noted that the move was a valuation call. Bank of America lifted their price target on CROWN CASTLE IN/SH SH from $119.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Deutsche Bank lowered CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating and set a $121.00 price target on the stock. in a research report on Monday, March 18th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CROWN CASTLE IN/SH SH currently has a consensus rating of “Hold” and a consensus price target of $122.50.

In related news, Director Edward C. Hutcheson, Jr. bought 350 shares of the company’s stock in a transaction on Friday, February 8th. The shares were acquired at an average cost of $117.95 per share, with a total value of $41,282.50. Following the completion of the acquisition, the director now owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $120.06, for a total value of $300,150.00. Following the completion of the sale, the senior vice president now directly owns 38,471 shares in the company, valued at $4,618,828.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. CX Institutional boosted its holdings in CROWN CASTLE IN/SH SH by 160.7% in the first quarter. CX Institutional now owns 232 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 143 shares in the last quarter. Capital Investment Advisory Services LLC bought a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $26,000. Truewealth LLC boosted its holdings in CROWN CASTLE IN/SH SH by 48.0% in the first quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 83 shares in the last quarter. Covington Capital Management bought a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $29,000. Finally, Athena Capital Advisors LLC bought a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $33,000. 93.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of CCI stock opened at $124.01 on Wednesday. The company has a market capitalization of $51.53 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42. CROWN CASTLE IN/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $130.60. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 0.76.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $1.125 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $4.50 annualized dividend and a dividend yield of 3.63%. CROWN CASTLE IN/SH SH’s dividend payout ratio is presently 82.12%.

CROWN CASTLE IN/SH SH Company Profile

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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Earnings History and Estimates for CROWN CASTLE IN/SH SH (NYSE:CCI)

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