CROWN CASTLE IN/SH SH (NYSE:CCI) will be releasing its earnings data after the market closes on Wednesday, April 17th. Analysts expect CROWN CASTLE IN/SH SH to post earnings of $1.37 per share for the quarter. CROWN CASTLE IN/SH SH has set its FY 2019 guidance at $5.79-5.89 EPS and its FY19 guidance at $5.50-5.61 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
CROWN CASTLE IN/SH SH (NYSE:CCI) last posted its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. CROWN CASTLE IN/SH SH’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, analysts expect CROWN CASTLE IN/SH SH to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
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CCI stock opened at $127.40 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.38. The stock has a market cap of $53.55 billion, a PE ratio of 23.25, a PEG ratio of 1.48 and a beta of 0.42. CROWN CASTLE IN/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $130.60.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $1.125 per share. The ex-dividend date was Thursday, March 14th. This represents a $4.50 annualized dividend and a dividend yield of 3.53%. CROWN CASTLE IN/SH SH’s dividend payout ratio is currently 82.12%.
In related news, SVP Michael Joseph Kavanagh sold 2,500 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $120.06, for a total transaction of $300,150.00. Following the sale, the senior vice president now owns 38,471 shares in the company, valued at $4,618,828.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward C. Hutcheson, Jr. bought 350 shares of the company’s stock in a transaction that occurred on Friday, February 8th. The shares were bought at an average price of $117.95 per share, for a total transaction of $41,282.50. Following the acquisition, the director now directly owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The disclosure for this purchase can be found here. Corporate insiders own 0.36% of the company’s stock.
CCI has been the subject of several recent research reports. Zacks Investment Research cut CROWN CASTLE IN/SH SH from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Raymond James raised CROWN CASTLE IN/SH SH from a “mkt perform” rating to an “outperform” rating in a research report on Thursday, January 3rd. Goldman Sachs Group cut CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $110.00 price objective for the company. in a research report on Monday, January 14th. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Finally, Macquarie cut CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 12th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $122.50.
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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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