Crown Castle International Corporation (NYSE:CCI) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 19th. Analysts expect Crown Castle International Corporation to post earnings of $0.28 per share for the quarter. Crown Castle International Corporation has set its Q2 guidance at $1.09-1.10 EPS and its FY17 guidance at $4.48-4.57 EPS.
Crown Castle International Corporation (NYSE:CCI) last posted its earnings results on Monday, April 24th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. Crown Castle International Corporation had a return on equity of 6.03% and a net margin of 10.43%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company earned $1.18 EPS. Crown Castle International Corporation’s revenue was up 8.7% on a year-over-year basis. On average, analysts expect Crown Castle International Corporation to post $1.24 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.
Shares of Crown Castle International Corporation (NYSE CCI) opened at 96.81 on Tuesday. The company has a 50-day moving average price of $100.64 and a 200-day moving average price of $93.14. Crown Castle International Corporation has a 1-year low of $79.38 and a 1-year high of $104.68. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 82.81 and a beta of 0.20.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a $0.95 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $3.80 annualized dividend and a yield of 3.93%. Crown Castle International Corporation’s dividend payout ratio (DPR) is 327.59%.
In related news, Director Robert F. Mckenzie sold 1,500 shares of Crown Castle International Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $96.48, for a total value of $144,720.00. Following the completion of the sale, the director now owns 28,953 shares of the company’s stock, valued at approximately $2,793,385.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James D. Young sold 24,646 shares of Crown Castle International Corporation stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $97.50, for a total transaction of $2,402,985.00. Following the completion of the sale, the chief operating officer now directly owns 140,006 shares of the company’s stock, valued at approximately $13,650,585. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
CCI has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $106.00) on shares of Crown Castle International Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research note on Tuesday, April 18th. BidaskClub lowered shares of Crown Castle International Corporation from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective for the company in a research note on Tuesday, July 11th. Finally, Barclays PLC decreased their price objective on shares of Crown Castle International Corporation from $101.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, May 22nd. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $104.58.
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About Crown Castle International Corporation
Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).
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