Crown Castle International Corporation (NYSE:CCI) to Release Quarterly Earnings on Wednesday

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.

COPYRIGHT VIOLATION WARNING: “Crown Castle International Corporation (NYSE:CCI) to Release Quarterly Earnings on Wednesday” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/07/18/crown-castle-international-corporation-nysecci-to-release-quarterly-earnings-on-wednesday.html.

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).

Earnings History for Crown Castle International Corporation (NYSE:CCI)

What are top analysts saying about Crown Castle International Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Crown Castle International Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit