CROWN CASTLE IN/SH SH (NYSE:CCI) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.89-5.97 for the period.
A number of analysts have weighed in on CCI shares. UBS Group restated a buy rating and issued a $70.00 price target on shares of Lumentum in a research note on Thursday, April 11th. New Street Research lowered CROWN CASTLE IN/SH SH from a neutral rating to a sell rating and set a $113.00 price target on the stock. in a report on Thursday, June 13th. Bank of America set a $47.00 price objective on Yandex and gave the company a buy rating in a report on Tuesday, March 19th. Wells Fargo & Co lifted their price objective on Sempra Energy from $137.00 to $140.00 and gave the company an outperform rating in a report on Monday, April 15th. Finally, Guggenheim lowered Anadarko Petroleum from a buy rating to a hold rating and set a $69.00 price objective on the stock. in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. CROWN CASTLE IN/SH SH presently has a consensus rating of Hold and an average price target of $122.46.
Shares of CCI stock traded down $1.10 during trading on Wednesday, reaching $131.62. The company’s stock had a trading volume of 1,571,268 shares, compared to its average volume of 1,842,432. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.91. The firm’s fifty day moving average is $133.27. CROWN CASTLE IN/SH SH has a one year low of $103.21 and a one year high of $137.85. The stock has a market capitalization of $55.19 billion, a P/E ratio of 24.02, a price-to-earnings-growth ratio of 1.54 and a beta of 0.33.
CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.93). CROWN CASTLE IN/SH SH had a return on equity of 6.31% and a net margin of 13.82%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company posted $0.21 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that CROWN CASTLE IN/SH SH will post 5.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $1.125 per share. This represents a $4.50 annualized dividend and a yield of 3.42%. The ex-dividend date was Thursday, June 13th. CROWN CASTLE IN/SH SH’s dividend payout ratio (DPR) is currently 82.12%.
In other CROWN CASTLE IN/SH SH news, VP Robert Sean Collins sold 1,200 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $125.19, for a total transaction of $150,228.00. Following the sale, the vice president now directly owns 1,616 shares of the company’s stock, valued at $202,307.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Landis Martin purchased 18,350 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were purchased at an average cost of $123.13 per share, for a total transaction of $2,259,435.50. Following the completion of the transaction, the director now directly owns 120,717 shares of the company’s stock, valued at approximately $14,863,884.21. The disclosure for this purchase can be found here. Corporate insiders own 0.41% of the company’s stock.
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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