Crown Castle International (NYSE:CCI – Get Rating) will release its earnings data after the market closes on Wednesday, April 20th. Analysts expect Crown Castle International to post earnings of $1.72 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Crown Castle International (NYSE:CCI – Get Rating) last issued its earnings results on Tuesday, January 25th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle International had a return on equity of 13.46% and a net margin of 18.28%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. On average, analysts expect Crown Castle International to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of CCI opened at $192.68 on Monday. The firm has a market cap of $83.44 billion, a PE ratio of 72.17, a PEG ratio of 2.74 and a beta of 0.56. The stock’s fifty day moving average price is $177.30 and its two-hundred day moving average price is $182.35. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.62 and a quick ratio of 0.62. Crown Castle International has a 1 year low of $157.16 and a 1 year high of $209.87.
In other Crown Castle International news, Director Kevin A. Stephens bought 2,000 shares of Crown Castle International stock in a transaction that occurred on Tuesday, February 22nd. The stock was acquired at an average cost of $162.30 per share, for a total transaction of $324,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Catherine Piche sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $176.41, for a total value of $441,025.00. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CCI. Morgan Stanley boosted its holdings in shares of Crown Castle International by 9.9% in 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. Sequoia Financial Advisors LLC purchased a new position in shares of Crown Castle International in the 4th quarter worth about $619,000. NEXT Financial Group Inc boosted its holdings in shares of Crown Castle International by 5.4% in the 4th quarter. NEXT Financial Group Inc now owns 2,774 shares of the real estate investment trust’s stock worth $579,000 after purchasing an additional 143 shares in the last quarter. Horizon Investments LLC boosted its holdings in shares of Crown Castle International by 9.8% in the 4th quarter. Horizon Investments LLC now owns 3,067 shares of the real estate investment trust’s stock worth $640,000 after purchasing an additional 273 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new position in shares of Crown Castle International in the 4th quarter worth about $316,000. Hedge funds and other institutional investors own 91.20% of the company’s stock.
Several analysts have issued reports on CCI shares. Deutsche Bank Aktiengesellschaft lowered their target price on Crown Castle International from $209.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, February 3rd. Citigroup boosted their target price on Crown Castle International from $200.00 to $204.00 in a research note on Thursday, January 27th. StockNews.com started coverage on Crown Castle International in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays lowered their target price on Crown Castle International from €222.00 ($241.30) to €214.00 ($232.61) in a research note on Friday, March 18th. Finally, Bank of America boosted their price objective on Crown Castle International from $200.00 to $224.00 and gave the company a “buy” rating in a research note on Monday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, Crown Castle International has a consensus rating of “Buy” and an average target price of $201.08.
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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