Wall Street analysts expect that CROWN CASTLE IN/SH SH (NYSE:CCI) will announce earnings per share of $1.49 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for CROWN CASTLE IN/SH SH’s earnings, with the highest EPS estimate coming in at $1.51 and the lowest estimate coming in at $1.45. CROWN CASTLE IN/SH SH reported earnings of $1.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The firm is expected to issue its next quarterly earnings results on Wednesday, January 22nd.

On average, analysts expect that CROWN CASTLE IN/SH SH will report full year earnings of $5.97 per share for the current fiscal year, with EPS estimates ranging from $5.94 to $5.99. For the next financial year, analysts forecast that the business will report earnings of $6.38 per share, with EPS estimates ranging from $6.32 to $6.48. Zacks’ earnings per share averages are an 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, October 16th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.09. CROWN CASTLE IN/SH SH had a net margin of 16.12% and a return on equity of 8.07%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year.

Several research analysts recently weighed in on CCI shares. Morgan Stanley boosted their price target on shares of CROWN CASTLE IN/SH SH from $138.00 to $149.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Guggenheim set a $148.00 price target on shares of CROWN CASTLE IN/SH SH and gave the stock a “hold” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. upgraded shares of CROWN CASTLE IN/SH SH from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $125.00 to $150.00 in a report on Thursday, August 1st. SunTrust Banks boosted their price target on shares of CROWN CASTLE IN/SH SH from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Citigroup cut their price target on shares of CROWN CASTLE IN/SH SH from $144.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. CROWN CASTLE IN/SH SH has an average rating of “Hold” and a consensus price target of $135.58.

CROWN CASTLE IN/SH SH stock opened at $140.90 on Thursday. CROWN CASTLE IN/SH SH has a fifty-two week low of $103.21 and a fifty-two week high of $149.47. The stock has a market cap of $58.75 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.60 and a beta of 0.27. The firm’s 50-day simple moving average is $140.09 and its 200 day simple moving average is $134.17. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.76 and a current ratio of 0.72.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.41%. This is a boost from CROWN CASTLE IN/SH SH’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, December 12th. CROWN CASTLE IN/SH SH’s payout ratio is presently 82.12%.

In other CROWN CASTLE IN/SH SH news, COO Robert Carl Ackerman sold 10,500 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $143.43, for a total value of $1,506,015.00. Following the transaction, the chief operating officer now directly owns 7,806 shares in the company, valued at $1,119,614.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Sean Collins sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $143.34, for a total transaction of $143,340.00. Following the completion of the transaction, the vice president now owns 616 shares in the company, valued at $88,297.44. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCI. Ropes Wealth Advisors LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 2nd quarter valued at approximately $25,000. Kavar Capital Partners LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 2nd quarter valued at approximately $26,000. Manchester Capital Management LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 2nd quarter valued at approximately $26,000. City Holding Co. lifted its stake in shares of CROWN CASTLE IN/SH SH by 655.6% during the 3rd quarter. City Holding Co. now owns 204 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 177 shares in the last quarter. Finally, Lenox Wealth Advisors LLC purchased a new stake in shares of CROWN CASTLE IN/SH SH during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.50% 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 70,000 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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Earnings History and Estimates for CROWN CASTLE IN/SH SH (NYSE:CCI)

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