Crown Castle International Corp. (NYSE:CCI – Get Rating) – Analysts at Jefferies Financial Group dropped their Q1 2022 EPS estimates for Crown Castle International in a research report issued on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $1.68 per share for the quarter, down from their previous forecast of $1.70. Jefferies Financial Group currently has a “Hold” rating and a $203.00 target price on the stock. Jefferies Financial Group also issued estimates for Crown Castle International’s Q2 2022 earnings at $1.69 EPS, Q3 2022 earnings at $1.76 EPS, Q4 2022 earnings at $1.77 EPS, FY2022 earnings at $6.89 EPS and Q1 2023 earnings at $1.75 EPS.
Crown Castle International (NYSE:CCI – Get Rating) last posted its earnings results on Tuesday, January 25th. The real estate investment trust reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.04. Crown Castle International had a return on equity of 13.46% and a net margin of 18.28%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis.
NYSE CCI opened at $192.68 on Friday. Crown Castle International has a 1-year low of $157.16 and a 1-year high of $209.87. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.49. The stock has a 50-day moving average of $177.06 and a 200-day moving average of $182.12. The firm has a market cap of $83.44 billion, a PE ratio of 72.17, a price-to-earnings-growth ratio of 2.74 and a beta of 0.56.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Monday, March 14th. Crown Castle International’s dividend payout ratio (DPR) is 220.23%.
In other Crown Castle International news, COO Catherine Piche sold 2,500 shares of the business’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $176.41, for a total value of $441,025.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin A. Stephens acquired 2,000 shares of the company’s stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $162.30 per share, for a total transaction of $324,600.00. The disclosure for this purchase can be found here. Company insiders own 0.45% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in shares of Crown Castle International during the 1st quarter worth about $118,000. Morgan Stanley increased its position in Crown Castle International by 9.9% during the 2nd quarter. Morgan Stanley now owns 9,536,422 shares of the real estate investment trust’s stock worth $1,860,558,000 after purchasing an additional 856,986 shares in the last quarter. Wolff Wiese Magana LLC grew its position in Crown Castle International by 26.5% in the third quarter. Wolff Wiese Magana LLC now owns 9,466 shares of the real estate investment trust’s stock valued at $1,641,000 after acquiring an additional 1,982 shares in the last quarter. Naples Global Advisors LLC grew its position in Crown Castle International by 4.2% in the third quarter. Naples Global Advisors LLC now owns 16,009 shares of the real estate investment trust’s stock valued at $2,775,000 after acquiring an additional 649 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its position in Crown Castle International by 6.6% in the third quarter. YHB Investment Advisors Inc. now owns 1,913 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 91.20% of the company’s stock.
Crown Castle International Company Profile (Get Rating)
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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