Wall Street brokerages expect that CROWN CASTLE IN/SH SH (NYSE:CCI) will post $1.43 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for CROWN CASTLE IN/SH SH’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.45 billion. CROWN CASTLE IN/SH SH posted sales of $1.33 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The company is expected to issue its next earnings report after the market closes on Wednesday, July 17th.
According to Zacks, analysts expect that CROWN CASTLE IN/SH SH will report full-year sales of $5.79 billion for the current fiscal year, with estimates ranging from $5.75 billion to $5.85 billion. For the next year, analysts anticipate that the company will post sales of $6.06 billion, with estimates ranging from $5.97 billion to $6.14 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover CROWN CASTLE IN/SH SH.
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). CROWN CASTLE IN/SH SH had a net margin of 13.82% and a return on equity of 6.31%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm posted $0.21 EPS. The company’s revenue was up 9.8% on a year-over-year basis.
NYSE:CCI traded down $1.80 during mid-day trading on Thursday, reaching $134.28. 72,220 shares of the company’s stock traded hands, compared to its average volume of 1,851,400. CROWN CASTLE IN/SH SH has a 12-month low of $103.21 and a 12-month high of $137.85. The firm has a market cap of $56.27 billion, a price-to-earnings ratio of 24.48, a price-to-earnings-growth ratio of 1.55 and a beta of 0.33. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50 day moving average is $132.52.
The company also recently announced 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. The ex-dividend date was Thursday, June 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.35%. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is 82.12%.
In related news, Director J Landis Martin purchased 18,350 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were bought at an average price of $123.13 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Sean Collins sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $125.19, for a total value of $150,228.00. Following the completion of the sale, the vice president now owns 1,616 shares in the company, valued at approximately $202,307.04. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Truewealth LLC grew its stake in shares of CROWN CASTLE IN/SH SH by 48.0% in the 1st quarter. Truewealth LLC now owns 256 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 83 shares during the last quarter. Strategic Investment Advisors MI lifted its position in CROWN CASTLE IN/SH SH by 2.4% in the 1st quarter. Strategic Investment Advisors MI now owns 3,518 shares of the real estate investment trust’s stock valued at $450,000 after acquiring an additional 84 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in CROWN CASTLE IN/SH SH by 3.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,621 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 85 shares in the last quarter. RB Capital Management LLC lifted its position in CROWN CASTLE IN/SH SH by 1.0% in the 1st quarter. RB Capital Management LLC now owns 9,000 shares of the real estate investment trust’s stock valued at $1,152,000 after acquiring an additional 90 shares in the last quarter. Finally, National Asset Management Inc. lifted its position in CROWN CASTLE IN/SH SH by 2.5% in the 1st quarter. National Asset Management Inc. now owns 3,673 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 92.15% 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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