$1.65 EPS Expected for Crown Castle International Corp. (REIT) (NYSE:CCI) This Quarter


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Brokerages predict that Crown Castle International Corp. (REIT) (NYSE:CCI) will report $1.65 earnings per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Crown Castle International’s earnings, with the highest EPS estimate coming in at $1.69 and the lowest estimate coming in at $1.62. Crown Castle International reported earnings per share of $1.45 in the same quarter last year, which would suggest 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 financial year, with EPS estimates ranging from $6.67 to $6.87. For the next year, analysts forecast that the company will post earnings of $7.29 per share, with EPS estimates ranging from $7.09 to $7.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Crown Castle International.

Crown Castle International (NYSE:CCI) last issued its quarterly 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 business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Crown Castle International had a return on equity of 7.57% and a net margin of 13.09%. Crown Castle International’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share.

Several brokerages have recently weighed in on CCI. Jefferies Financial Group assumed coverage on shares of Crown Castle International in a research note on Monday, April 19th. They set a “buy” rating and a $205.00 price target for the company. Raymond James downgraded Crown Castle International from an “outperform” rating to a “market perform” rating in a report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised Crown Castle International from a “neutral” rating to a “buy” rating and set a $170.00 price objective for the company in a report on Thursday, January 14th. Credit Suisse Group cut their price objective on Crown Castle International from $158.00 to $155.00 and set a “neutral” rating for the company in a report on Friday, January 29th. Finally, KeyCorp increased their price objective on Crown Castle International from $193.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Crown Castle International has an average rating of “Buy” and a consensus target price of $187.57.

Shares of CCI traded down $3.80 during mid-day trading on Tuesday, hitting $183.90. 2,789,073 shares of the company’s stock were exchanged, compared to its average volume of 2,167,033. The company has a market cap of $79.48 billion, a PE ratio of 114.94, a P/E/G ratio of 1.18 and a beta of 0.30. Crown Castle International has a 52 week low of $146.15 and a 52 week high of $189.59. The company has a 50-day simple moving average of $176.66 and a 200 day simple moving average of $163.97. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were given a $1.33 dividend. This represents a $5.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Friday, March 12th. Crown Castle International’s dividend payout ratio is presently 93.50%.

In other news, Director J Landis Martin purchased 1,180 shares of Crown Castle International stock in a transaction dated Monday, March 15th. The shares were bought at an average cost of $160.99 per share, for a total transaction of $189,968.20. Following the completion of the acquisition, the director now owns 145,620 shares in the company, valued at approximately $23,443,363.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Matthew Thornton III purchased 1,500 shares of Crown Castle International stock in a transaction dated Tuesday, February 9th. The shares were purchased at an average price of $163.03 per share, for a total transaction of $244,545.00. Following the completion of the acquisition, the director now owns 2,048 shares of the company’s stock, valued at approximately $333,885.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,780 shares of company stock worth $925,528 and sold 14,796 shares worth $2,270,261. Insiders own 0.47% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CCI. Marshall Wace LLP bought a new stake in shares of Crown Castle International during the first quarter worth about $118,000. Brasada Capital Management LP grew its holdings in shares of Crown Castle International by 2.0% during the third quarter. Brasada Capital Management LP now owns 63,654 shares of the real estate investment trust’s stock worth $10,598,000 after purchasing an additional 1,245 shares during the last quarter. Wealth Alliance grew its holdings in shares of Crown Castle International by 79.9% during the third quarter. Wealth Alliance now owns 3,274 shares of the real estate investment trust’s stock worth $545,000 after purchasing an additional 1,454 shares during the last quarter. Land & Buildings Investment Management LLC bought a new stake in shares of Crown Castle International during the third quarter worth about $26,167,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Crown Castle International during the third quarter worth about $6,252,000. Institutional investors own 90.07% of the company’s stock.

Crown Castle International Company Profile

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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Earnings History and Estimates for Crown Castle International (NYSE:CCI)

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