CROWN CASTLE In/SH SH (CCI) Expected to Announce Earnings of $1.36 Per Share

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Equities research analysts predict that CROWN CASTLE In/SH SH (NYSE:CCI) will post earnings of $1.36 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for CROWN CASTLE In/SH SH’s earnings. The highest EPS estimate is $1.39 and the lowest is $1.19. CROWN CASTLE In/SH SH reported earnings per share of $1.15 in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.3%. The business is expected to announce its next earnings results on Wednesday, October 17th.

On average, analysts expect that CROWN CASTLE In/SH SH will report full year earnings of $5.42 per share for the current financial year, with EPS estimates ranging from $4.89 to $5.51. For the next financial year, analysts anticipate that the company will report earnings of $5.95 per share, with EPS estimates ranging from $5.41 to $6.15. Zacks’ EPS calculations are an average based on a survey of analysts that follow CROWN CASTLE In/SH SH.

CROWN CASTLE In/SH SH (NYSE:CCI) last announced its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.91). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 earnings per share.

Several research analysts recently weighed in on the company. Morgan Stanley lifted their price target on CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Thursday, August 16th. Zacks Investment Research cut CROWN CASTLE In/SH SH from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Citigroup lifted their price target on CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, July 24th. Guggenheim reiterated a “buy” rating and set a $120.00 price target on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. Finally, Cowen reiterated a “buy” rating and set a $121.00 price target on shares of CROWN CASTLE In/SH SH in a research report on Friday, July 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $117.20.

In other news, Director Robert E. Garrison II sold 2,451 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total value of $279,315.96. Following the completion of the sale, the director now directly owns 23,100 shares in the company, valued at $2,632,476. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Landis Martin acquired 6,100 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was acquired at an average price of $110.14 per share, with a total value of $671,854.00. Following the completion of the transaction, the director now directly owns 107,822 shares of the company’s stock, valued at $11,875,515.08. The disclosure for this purchase can be found here. 0.36% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in shares of CROWN CASTLE In/SH SH by 0.9% during the second quarter. Mutual of America Capital Management LLC now owns 53,427 shares of the real estate investment trust’s stock worth $5,760,000 after purchasing an additional 462 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of CROWN CASTLE In/SH SH by 1.6% during the second quarter. Raymond James Trust N.A. now owns 30,017 shares of the real estate investment trust’s stock worth $3,237,000 after purchasing an additional 466 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of CROWN CASTLE In/SH SH by 1.5% during the second quarter. First Citizens Bank & Trust Co. now owns 32,136 shares of the real estate investment trust’s stock worth $3,465,000 after purchasing an additional 483 shares in the last quarter. Front Row Advisors LLC increased its position in shares of CROWN CASTLE In/SH SH by 6.0% during the second quarter. Front Row Advisors LLC now owns 8,628 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 485 shares in the last quarter. Finally, KC Investment Advisors LLC increased its position in shares of CROWN CASTLE In/SH SH by 15.0% during the second quarter. KC Investment Advisors LLC now owns 3,800 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 495 shares in the last quarter. Institutional investors and hedge funds own 94.91% of the company’s stock.

CCI stock traded up $0.07 during trading on Friday, hitting $112.47. 8,159 shares of the company traded hands, compared to its average volume of 1,515,961. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.26. The stock has a market cap of $46.39 billion, a P/E ratio of 23.13, a P/E/G ratio of 1.69 and a beta of 0.37. CROWN CASTLE In/SH SH has a 1 year low of $98.85 and a 1 year high of $114.97.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, September 13th. CROWN CASTLE In/SH SH’s dividend payout ratio (DPR) is presently 86.60%.

CROWN CASTLE In/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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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