Q4 2024 EPS Estimates for Crown Castle Inc. (NYSE:CCI) Lowered by Zacks Research

Crown Castle Inc. (NYSE:CCIFree Report) – Research analysts at Zacks Research reduced their Q4 2024 EPS estimates for shares of Crown Castle in a report issued on Monday, June 3rd. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $1.69 per share for the quarter, down from their prior estimate of $1.70. The consensus estimate for Crown Castle’s current full-year earnings is $6.58 per share. Zacks Research also issued estimates for Crown Castle’s Q1 2025 earnings at $1.57 EPS, Q2 2025 earnings at $1.57 EPS, Q3 2025 earnings at $1.59 EPS, FY2025 earnings at $6.30 EPS and Q1 2026 earnings at $1.56 EPS.

Other equities analysts have also recently issued research reports about the company. Scotiabank decreased their price target on Crown Castle from $133.00 to $118.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Royal Bank of Canada decreased their price target on Crown Castle from $109.00 to $100.00 and set a “sector perform” rating for the company in a report on Tuesday, May 7th. Jefferies Financial Group decreased their price target on Crown Castle from $126.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Bank of America decreased their price target on Crown Castle from $120.00 to $105.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Finally, Barclays upped their price target on Crown Castle from $111.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 23rd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.64.

Check Out Our Latest Analysis on Crown Castle

Crown Castle Stock Up 0.5 %

NYSE CCI opened at $103.62 on Wednesday. The stock has a market cap of $45.02 billion, a PE ratio of 32.38, a P/E/G ratio of 2.75 and a beta of 0.82. Crown Castle has a fifty-two week low of $84.72 and a fifty-two week high of $119.50. The business has a 50 day moving average price of $98.96 and a two-hundred day moving average price of $106.37. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 3.73.

Crown Castle (NYSE:CCIGet Free Report) last posted its earnings results on Wednesday, April 17th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.92). The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. Crown Castle had a return on equity of 21.30% and a net margin of 20.32%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.91 EPS.

Hedge Funds Weigh In On Crown Castle

Several large investors have recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC acquired a new stake in Crown Castle in the third quarter worth $459,000. Avantax Advisory Services Inc. increased its position in Crown Castle by 19.3% in the third quarter. Avantax Advisory Services Inc. now owns 21,100 shares of the real estate investment trust’s stock worth $1,942,000 after buying an additional 3,412 shares during the period. Spire Wealth Management increased its position in Crown Castle by 36.1% in the third quarter. Spire Wealth Management now owns 2,852 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 756 shares during the period. Atria Wealth Solutions Inc. increased its position in Crown Castle by 45.5% in the third quarter. Atria Wealth Solutions Inc. now owns 30,517 shares of the real estate investment trust’s stock worth $2,808,000 after buying an additional 9,549 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Crown Castle by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 243,123 shares of the real estate investment trust’s stock worth $22,375,000 after buying an additional 3,916 shares during the period. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.565 per share. This represents a $6.26 annualized dividend and a yield of 6.04%. The ex-dividend date is Friday, June 14th. Crown Castle’s dividend payout ratio (DPR) is presently 195.63%.

Crown Castle Company Profile

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Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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 (NYSE:CCI)

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