Crown Castle International (CCI) Earning Somewhat Positive News Coverage, Analysis Finds
News stories about Crown Castle International (NYSE:CCI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Crown Castle International earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.9981919518844 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- Crown Castle Announces Fourth Quarter 2017 Earnings Release and Conference Call Schedule (finance.yahoo.com)
- Crown Castle International Corp. (REIT) (CCI) (finance.yahoo.com)
- Crown Castle International Corp. (REIT) (CCI) stock crosses SMA-20 above 1.02% – The Stocks News (press release) (thestocksnews.com)
- Zacks: Brokerages Expect Crown Castle International Corp. (REIT) (CCI) Will Post Earnings of $1.06 Per Share (americanbankingnews.com)
Crown Castle International (CCI) traded up $0.32 during trading hours on Monday, reaching $108.35. 1,525,446 shares of the company’s stock were exchanged, compared to its average volume of 1,980,200. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13. The firm has a market capitalization of $43,890.00, a PE ratio of 90.29, a PEG ratio of 1.33 and a beta of 0.23. Crown Castle International has a 52 week low of $83.96 and a 52 week high of $114.97.
Crown Castle International (NYSE:CCI) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International had a return on equity of 5.93% and a net margin of 11.35%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 earnings per share. equities research analysts predict that Crown Castle International will post 4.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $1.05 per share. The ex-dividend date was Thursday, December 14th. This is a boost from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a yield of 3.88%. Crown Castle International’s dividend payout ratio is currently 350.00%.
CCI has been the subject of several analyst reports. UBS Group cut shares of Crown Castle International from an “outperform” rating to a “market perform” rating in a research note on Monday, October 16th. Barclays boosted their target price on shares of Crown Castle International from $101.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Oppenheimer reiterated a “market perform” rating on shares of Crown Castle International in a research note on Monday, October 16th. Macquarie reiterated a “buy” rating and issued a $119.00 target price on shares of Crown Castle International in a research note on Sunday, October 22nd. Finally, CIBC reiterated a “market perform” rating on shares of Crown Castle International in a research note on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $112.17.
In other Crown Castle International news, VP Philip M. Kelley sold 10,551 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the transaction, the vice president now directly owns 91,808 shares in the company, valued at $10,382,566.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
About Crown Castle International
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).
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