Crown Castle FY2025 EPS Estimate Boosted by Zacks Research

Crown Castle Inc. (NYSE:CCI) – Investment analysts at Zacks Research increased their FY2025 earnings per share (EPS) estimates for Crown Castle in a report issued on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings per share of $4.09 for the year, up from their prior forecast of $4.01. The consensus estimate for Crown Castle’s current full-year earnings is $6.67 per share.

CCI has been the topic of several other research reports. Wells Fargo & Company lowered their price target on shares of Crown Castle from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Raymond James Financial lowered their target price on shares of Crown Castle from $124.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Crown Castle in a research note on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $125.00 price objective on shares of Crown Castle in a research note on Thursday, July 24th. Finally, UBS Group upped their price target on Crown Castle from $124.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.12.

Crown Castle Trading Up 1.1%

Shares of NYSE CCI opened at $91.64 on Friday. The firm has a market capitalization of $39.91 billion, a price-to-earnings ratio of -8.62, a PEG ratio of 0.68 and a beta of 0.94. Crown Castle has a one year low of $84.20 and a one year high of $115.76. The business has a fifty day simple moving average of $94.55 and a 200 day simple moving average of $99.73.

Crown Castle (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 EPS for the quarter, beating the consensus estimate of $1.04 by $0.08. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 95.37%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS.

Hedge Funds Weigh In On Crown Castle

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Crown Castle by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 68,840,605 shares of the real estate investment trust’s stock valued at $7,175,256,000 after buying an additional 6,341,150 shares during the period. Norges Bank bought a new position in Crown Castle in the second quarter valued at about $629,431,000. Lazard Asset Management LLC increased its position in Crown Castle by 3,051.5% in the second quarter. Lazard Asset Management LLC now owns 5,472,810 shares of the real estate investment trust’s stock worth $562,221,000 after purchasing an additional 5,299,155 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Crown Castle by 591.8% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,471,120 shares of the real estate investment trust’s stock valued at $431,418,000 after purchasing an additional 3,824,778 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Crown Castle during the 1st quarter worth approximately $305,876,000. 90.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Crown Castle news, EVP Daniel K. Schlanger sold 30,000 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $98.08, for a total value of $2,942,400.00. Following the transaction, the executive vice president owned 65,571 shares of the company’s stock, valued at approximately $6,431,203.68. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $1.0625 dividend. The ex-dividend date is Monday, December 15th. This represents a $4.25 annualized dividend and a yield of 4.6%. Crown Castle’s payout ratio is presently -39.98%.

Crown Castle Company Profile

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.