Zacks: Brokerages Anticipate CROWN CASTLE In/SH SH (CCI) to Post $1.44 EPS
Analysts forecast that CROWN CASTLE In/SH SH (NYSE:CCI) will post earnings per share (EPS) of $1.44 for the current quarter, Zacks reports. Eight analysts have made estimates for CROWN CASTLE In/SH SH’s earnings. The lowest EPS estimate is $1.43 and the highest is $1.45. CROWN CASTLE In/SH SH posted earnings per share of $1.25 during the same quarter last year, which would indicate a positive year over year growth rate of 15.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, January 23rd.
On average, analysts expect that CROWN CASTLE In/SH SH will report full-year earnings of $5.50 per share for the current financial year, with EPS estimates ranging from $5.48 to $5.51. For the next financial year, analysts forecast that the business will report earnings of $6.01 per share, with EPS estimates ranging from $5.94 to $6.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow CROWN CASTLE In/SH SH.
CROWN CASTLE In/SH SH (NYSE:CCI) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. CROWN CASTLE In/SH SH had a return on equity of 4.22% and a net margin of 10.07%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis.
CCI stock traded up $0.31 during trading on Friday, reaching $106.93. 2,567,826 shares of the stock were exchanged, compared to its average volume of 2,230,120. CROWN CASTLE In/SH SH has a twelve month low of $98.85 and a twelve month high of $114.97. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.91 and a current ratio of 0.96. The company has a market cap of $44.23 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.61 and a beta of 0.35.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be paid a $1.125 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This is an increase from CROWN CASTLE In/SH SH’s previous quarterly dividend of $1.05. This represents a $4.50 annualized dividend and a dividend yield of 4.21%. CROWN CASTLE In/SH SH’s dividend payout ratio is 86.60%.
In related news, Director J Landis Martin acquired 6,100 shares of the stock in a transaction dated Tuesday, August 7th. The stock was purchased at an average cost of $110.14 per share, with a total value of $671,854.00. Following the completion of the purchase, the director now directly owns 107,822 shares in the company, valued at approximately $11,875,515.08. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $113.96, for a total value of $279,315.96. Following the completion of the sale, the director now directly owns 23,100 shares of the company’s stock, valued at $2,632,476. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
Several institutional investors have recently modified their holdings of CCI. Kaizen Advisory LLC raised its stake in shares of CROWN CASTLE In/SH SH by 142.5% in the second quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 553 shares during the last quarter. Sun Life Financial INC grew its holdings in shares of CROWN CASTLE In/SH SH by 443.0% in the second quarter. Sun Life Financial INC now owns 1,124 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 917 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of CROWN CASTLE In/SH SH in the second quarter valued at approximately $201,000. We Are One Seven LLC bought a new position in shares of CROWN CASTLE In/SH SH in the third quarter valued at approximately $213,000. Finally, Gofen & Glossberg LLC IL bought a new position in shares of CROWN CASTLE In/SH SH in the third quarter valued at approximately $216,000. 94.84% of the stock is owned by hedge funds and other institutional investors.
About CROWN CASTLE In/SH SH
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 60,000 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.
Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CROWN CASTLE In/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CROWN CASTLE In/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.