Zacks: Brokerages Expect CROWN CASTLE In/SH SH (CCI) to Announce $1.36 EPS

Equities analysts expect CROWN CASTLE In/SH SH (NYSE:CCI) to report earnings of $1.36 per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for CROWN CASTLE In/SH SH’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.39. CROWN CASTLE In/SH SH posted earnings per share of $1.15 during the same quarter last year, which would suggest a positive year over year growth rate of 18.3%. The company is expected to issue its next earnings results after the market closes on Wednesday, October 17th.

On average, analysts expect that CROWN CASTLE In/SH SH will report full-year earnings of $5.42 per share for the current year, with EPS estimates ranging from $4.89 to $5.51. For the next year, analysts expect that the business will post earnings of $5.95 per share, with EPS estimates ranging from $5.41 to $6.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow CROWN CASTLE In/SH SH.

CROWN CASTLE In/SH SH (NYSE:CCI) last issued its earnings results on Wednesday, July 18th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.27 by ($0.91). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. CROWN CASTLE In/SH SH had a net margin of 9.72% and a return on equity of 4.20%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS.

A number of research firms have weighed in on CCI. Zacks Investment Research cut shares of CROWN CASTLE In/SH SH from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Morgan Stanley raised their price objective on shares of CROWN CASTLE In/SH SH from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Citigroup raised their price objective on shares of CROWN CASTLE In/SH SH from $109.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. Cowen reissued a “buy” rating and set a $121.00 price objective on shares of CROWN CASTLE In/SH SH in a report on Friday, July 20th. Finally, UBS Group set a $120.00 price objective on shares of CROWN CASTLE In/SH SH and gave the stock a “buy” rating in a report on Friday, September 28th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $117.45.

In other CROWN CASTLE In/SH SH news, Director J Landis Martin bought 6,100 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were acquired at an average cost of $110.14 per share, with a total value of $671,854.00. Following the acquisition, the director now directly owns 107,822 shares of the company’s stock, valued at approximately $11,875,515.08. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert E. Garrison II sold 2,451 shares of CROWN CASTLE In/SH SH stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $113.96, for a total transaction of $279,315.96. Following the completion of the transaction, the director now directly owns 23,100 shares in the company, valued at $2,632,476. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Kaizen Advisory LLC increased its holdings in shares of CROWN CASTLE In/SH SH by 142.5% in the 2nd quarter. Kaizen Advisory LLC now owns 941 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 553 shares during the period. Sun Life Financial INC increased its holdings in shares of CROWN CASTLE In/SH SH by 443.0% in the 2nd 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 during the period. McKinley Carter Wealth Services Inc. purchased a new position in CROWN CASTLE In/SH SH in the 1st quarter valued at $137,000. TLP Group LLC purchased a new position in CROWN CASTLE In/SH SH in the 1st quarter valued at $200,000. Finally, Cullen Frost Bankers Inc. purchased a new position in CROWN CASTLE In/SH SH in the 2nd quarter valued at $201,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:CCI opened at $108.74 on Wednesday. The company has a market capitalization of $46.18 billion, a P/E ratio of 22.42, a PEG ratio of 1.69 and a beta of 0.35. CROWN CASTLE In/SH SH has a fifty-two week low of $98.85 and a fifty-two week high of $114.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.91 and a current ratio of 0.91.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $4.20 dividend on an annualized basis and a yield of 3.86%. CROWN CASTLE In/SH SH’s payout ratio is currently 86.60%.

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.

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Earnings History and Estimates for CROWN CASTLE In/SH SH (NYSE:CCI)

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