Equities research analysts predict that CROWN CASTLE IN/SH SH (NYSE:CCI) will report sales of $1.39 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for CROWN CASTLE IN/SH SH’s earnings. The lowest sales estimate is $1.37 billion and the highest is $1.41 billion. CROWN CASTLE IN/SH SH posted sales of $1.30 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The business is scheduled to announce its next earnings results on Wednesday, April 17th.
On average, analysts expect that CROWN CASTLE IN/SH SH will report full-year sales of $5.73 billion for the current year, with estimates ranging from $5.68 billion to $5.80 billion. For the next year, analysts expect that the company will report sales of $6.01 billion, with estimates ranging from $5.95 billion to $6.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for CROWN CASTLE IN/SH SH.
CROWN CASTLE IN/SH SH (NYSE:CCI) last released its quarterly earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. CROWN CASTLE IN/SH SH had a net margin of 11.86% and a return on equity of 5.17%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. CROWN CASTLE IN/SH SH’s revenue for the quarter was up 14.6% compared to the same quarter last year.
Shares of CCI traded up $0.67 during mid-day trading on Tuesday, hitting $124.68. 1,359,420 shares of the company traded hands, compared to its average volume of 1,914,767. CROWN CASTLE IN/SH SH has a one year low of $98.85 and a one year high of $125.66. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $51.95 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $1.125 dividend. The ex-dividend date is Thursday, March 14th. This represents a $4.50 annualized dividend and a yield of 3.61%. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.
In other CROWN CASTLE IN/SH SH news, Director Edward C. Hutcheson, Jr. acquired 350 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The shares were acquired at an average cost of $117.95 per share, for a total transaction of $41,282.50. Following the completion of the acquisition, the director now directly owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael Joseph Kavanagh sold 2,500 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $120.06, for a total transaction of $300,150.00. Following the completion of the transaction, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CCI. Capital Investment Advisory Services LLC acquired a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $26,000. Covington Capital Management acquired a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $29,000. Athena Capital Advisors LLC acquired a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $33,000. Doyle Wealth Management acquired a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $33,000. Finally, Quantamental Technologies LLC acquired a new stake in CROWN CASTLE IN/SH SH in the fourth quarter worth $42,000. Institutional investors and hedge funds own 92.64% of the company’s stock.
About CROWN CASTLE IN/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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