Crown Castle International (NYSE:CCI) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.82-4.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.89.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of Crown Castle International from a sell rating to a hold rating in a report on Monday, January 29th. ValuEngine lowered shares of Crown Castle International from a buy rating to a hold rating in a report on Thursday, April 12th. Barclays boosted their price target on shares of Crown Castle International from $107.00 to $110.00 and gave the company an equal weight rating in a report on Tuesday. Deutsche Bank reissued a buy rating and issued a $120.00 price target on shares of Crown Castle International in a report on Monday, January 22nd. Finally, Guggenheim reissued a buy rating and issued a $115.00 price target on shares of Crown Castle International in a report on Friday, January 26th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $114.17.
NYSE:CCI traded up $0.45 on Wednesday, hitting $106.59. 2,083,786 shares of the company’s stock were exchanged, compared to its average volume of 2,938,248. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.88 and a quick ratio of 0.88. Crown Castle International has a 52 week low of $93.14 and a 52 week high of $114.97. The stock has a market capitalization of $42,452.63, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.28 and a beta of 0.29.
Crown Castle International (NYSE:CCI) last released its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.84). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 earnings per share. analysts anticipate that Crown Castle International will post 5.26 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $1.05 dividend. The ex-dividend date was Thursday, March 15th. This represents a $4.20 dividend on an annualized basis and a yield of 3.94%. Crown Castle International’s dividend payout ratio (DPR) is currently 86.60%.
In other news, insider Jay A. Brown sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the completion of the sale, the insider now owns 162,526 shares of the company’s stock, valued at approximately $17,622,694.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kenneth Jay Simon sold 693 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.79, for a total transaction of $75,391.47. Following the sale, the senior vice president now directly owns 14,869 shares of the company’s stock, valued at approximately $1,617,598.51. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
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Crown Castle International Company Profile
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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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