Equities research analysts predict that Crown Castle International Corporation (NYSE:CCI) will announce sales of $1.09 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Crown Castle International Corporation’s earnings. The lowest sales estimate is $1.08 billion and the highest is $1.10 billion. Crown Castle International Corporation posted sales of $1.03 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The company is scheduled to report its next quarterly earnings report on Wednesday, January 24th.

On average, analysts expect that Crown Castle International Corporation will report full-year sales of $1.09 billion for the current fiscal year, with estimates ranging from $4.19 billion to $4.23 billion. For the next financial year, analysts forecast that the business will post sales of $4.49 billion per share, with estimates ranging from $4.46 billion to $4.51 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Crown Castle International Corporation.

Crown Castle International Corporation (NYSE:CCI) last released its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a net margin of 11.35% and a return on equity of 5.93%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $1.09 EPS. The business’s revenue was up 7.2% on a year-over-year basis.

CCI has been the topic of several research analyst reports. Citigroup Inc. boosted their price objective on Crown Castle International Corporation from $96.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. Zacks Investment Research upgraded Crown Castle International Corporation from a “hold” rating to a “strong-buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, July 11th. Macquarie restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International Corporation in a research report on Tuesday, August 29th. Finally, BidaskClub downgraded Crown Castle International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corporation currently has a consensus rating of “Buy” and an average target price of $109.50.

Shares of Crown Castle International Corporation (NYSE:CCI) opened at 104.99 on Monday. The firm has a 50 day moving average price of $102.89 and a 200 day moving average price of $100.47. Crown Castle International Corporation has a 12-month low of $79.38 and a 12-month high of $108.88. The stock has a market cap of $42.65 billion, a PE ratio of 83.79 and a beta of 0.16.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $1.05 dividend. This is an increase from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, December 14th. Crown Castle International Corporation’s payout ratio is currently 316.67%.

In other news, Director J Landis Martin bought 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were bought at an average cost of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the transaction, the director now owns 99,335 shares of the company’s stock, valued at $9,997,074.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. lifted its position in shares of Crown Castle International Corporation by 36.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 278 shares in the last quarter. Capital Analysts LLC raised its position in Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 53 shares during the period. Crow Point Partners LLC purchased a new stake in Crown Castle International Corporation during the third quarter valued at approximately $151,000. Parallel Advisors LLC raised its position in Crown Castle International Corporation by 35.3% during the second quarter. Parallel Advisors LLC now owns 1,727 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 451 shares during the period. Finally, Solaris Asset Management LLC raised its position in Crown Castle International Corporation by 5.1% during the second quarter. Solaris Asset Management LLC now owns 1,855 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 90 shares during the period. Institutional investors own 82.90% of the company’s stock.

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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).

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

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