Equities analysts forecast that Crown Castle International Corporation (NYSE:CCI) will post earnings per share of $1.16 for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Crown Castle International Corporation’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.05. Crown Castle International Corporation posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year over year growth rate of 346.2%. The business is expected to issue its next earnings results after the market closes on Wednesday, October 18th.

According to Zacks, analysts expect that Crown Castle International Corporation will report full-year earnings of $4.79 per share for the current financial year, with EPS estimates ranging from $4.61 to $5.01. For the next fiscal year, analysts forecast that the firm will post earnings of $5.46 per share, with EPS estimates ranging from $5.28 to $5.60. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Crown Castle International Corporation.

Crown Castle International Corporation (NYSE:CCI) last posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company posted $1.05 EPS. Crown Castle International Corporation’s revenue was up 7.9% on a year-over-year basis.

A number of equities research analysts recently commented on CCI shares. BidaskClub upgraded shares of Crown Castle International Corporation from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research lowered shares of Crown Castle International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $107.00 price objective on shares of Crown Castle International Corporation in a report on Tuesday, August 29th. Jefferies Group LLC restated a “buy” rating and set a $110.00 price objective on shares of Crown Castle International Corporation in a report on Monday, July 10th. Finally, Citigroup Inc. lowered shares of Crown Castle International Corporation to a “market perform” rating in a report on Monday, June 12th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $107.50.

Crown Castle International Corporation (CCI) traded down 0.40% during trading on Monday, hitting $101.48. 781,001 shares of the stock traded hands. The company has a market capitalization of $41.23 billion, a P/E ratio of 80.99 and a beta of 0.16. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88. The company’s 50 day moving average is $104.18 and its 200 day moving average is $99.75.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is currently 304.00%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.watchlistnews.com/1-16-earnings-per-share-expected-for-crown-castle-international-corporation-cci-this-quarter/1610232.html.

In other news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was bought at an average price of $100.64 per share, with a total value of $3,019,200.00. Following the transaction, the director now directly owns 99,335 shares in the company, valued at approximately $9,997,074.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Motco grew its position in shares of Crown Castle International Corporation by 127.0% in the 2nd quarter. Motco now owns 82,855 shares of the real estate investment trust’s stock valued at $8,301,000 after acquiring an additional 46,351 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Crown Castle International Corporation by 25.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,616 shares of the real estate investment trust’s stock valued at $563,000 after acquiring an additional 1,146 shares during the period. Eaton Vance Management grew its position in shares of Crown Castle International Corporation by 10.5% in the 2nd quarter. Eaton Vance Management now owns 133,210 shares of the real estate investment trust’s stock valued at $13,345,000 after acquiring an additional 12,662 shares during the period. Perigon Wealth Management LLC grew its position in shares of Crown Castle International Corporation by 205.3% in the 1st quarter. Perigon Wealth Management LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 1,585 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Crown Castle International Corporation by 8.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 45,674 shares of the real estate investment trust’s stock valued at $4,576,000 after acquiring an additional 3,491 shares during the period. 82.91% of the stock is owned by institutional investors.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Get a free copy of the Zacks research report on Crown Castle International Corporation (CCI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Crown Castle International Corporation (NYSE:CCI)

Receive News & Ratings for Crown Castle International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.