Analysts forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will announce $1.65 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Crown Castle International’s earnings. The highest EPS estimate is $1.69 and the lowest is $1.62. Crown Castle International posted earnings of $1.45 per share in the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The firm is scheduled to announce its next earnings report on Wednesday, August 4th.
On average, analysts expect that Crown Castle International will report full year earnings of $6.77 per share for the current year, with EPS estimates ranging from $6.67 to $6.87. For the next year, analysts forecast that the business will post earnings of $7.29 per share, with EPS estimates ranging from $7.09 to $7.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Crown Castle International.
Crown Castle International (NYSE:CCI) last released its earnings results on Tuesday, April 20th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. Crown Castle International had a net margin of 13.09% and a return on equity of 7.57%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share.
Shares of Crown Castle International stock traded down $3.80 on Tuesday, reaching $183.90. 2,789,073 shares of the company were exchanged, compared to its average volume of 2,167,033. Crown Castle International has a 1-year low of $146.15 and a 1-year high of $189.59. The company has a market cap of $79.48 billion, a P/E ratio of 114.94, a price-to-earnings-growth ratio of 1.18 and a beta of 0.30. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s 50 day moving average price is $176.66 and its 200-day moving average price is $163.97.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were paid a $1.33 dividend. This represents a $5.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, March 12th. Crown Castle International’s dividend payout ratio is currently 93.50%.
In other news, EVP Michael Joseph Kavanagh sold 3,796 shares of the company’s stock in a transaction that occurred on Thursday, February 25th. The stock was sold at an average price of $161.22, for a total transaction of $611,991.12. Also, Director J Landis Martin purchased 500 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were bought at an average price of $155.49 per share, with a total value of $77,745.00. Following the purchase, the director now directly owns 143,940 shares of the company’s stock, valued at $22,381,230.60. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,780 shares of company stock valued at $925,528 and sold 14,796 shares valued at $2,270,261. 0.47% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Bainco International Investors purchased a new stake in shares of Crown Castle International during the fourth quarter worth approximately $25,000. Jeppson Wealth Management LLC acquired a new position in Crown Castle International during the third quarter worth $27,000. Vantage Consulting Group Inc acquired a new position in Crown Castle International during the fourth quarter worth $27,000. Curi Capital acquired a new position in Crown Castle International during the fourth quarter worth $27,000. Finally, Alpha DNA Investment Management LLC acquired a new position in Crown Castle International during the fourth quarter worth $29,000. Institutional investors and hedge funds own 90.07% of the company’s stock.
About Crown Castle International
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 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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