Equities research analysts forecast that Crown Castle International Corp. (REIT) (NYSE:CCI) will report $1.31 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Crown Castle International’s earnings, with the lowest sales estimate coming in at $1.30 billion and the highest estimate coming in at $1.34 billion. Crown Castle International reported sales of $1.02 billion in the same quarter last year, which would suggest a positive year over year growth rate of 28.4%. The company is scheduled to report its next quarterly earnings report on Monday, April 23rd.
According to Zacks, analysts expect that Crown Castle International will report full year sales of $1.31 billion for the current financial year, with estimates ranging from $5.29 billion to $5.42 billion. For the next year, analysts forecast that the company will post sales of $5.66 billion per share, with estimates ranging from $5.60 billion to $5.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Crown Castle International.
Crown Castle International (NYSE:CCI) last released its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.84). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share.
In other Crown Castle International news, insider Jay A. Brown sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $108.43, for a total transaction of $1,951,740.00. Following the completion of the sale, the insider now owns 162,526 shares in the company, valued at approximately $17,622,694.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kenneth Jay Simon sold 693 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $108.79, for a total value of $75,391.47. Following the sale, the senior vice president now owns 14,869 shares of the company’s stock, valued at approximately $1,617,598.51. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its stake in Crown Castle International by 147.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,835 shares of the real estate investment trust’s stock valued at $1,647,000 after purchasing an additional 8,849 shares in the last quarter. Colonial Trust Advisors grew its stake in Crown Castle International by 26.2% during the 4th quarter. Colonial Trust Advisors now owns 60,575 shares of the real estate investment trust’s stock valued at $6,725,000 after purchasing an additional 12,569 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in Crown Castle International by 47.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 57,436 shares of the real estate investment trust’s stock valued at $6,376,000 after purchasing an additional 18,586 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Crown Castle International by 3.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 129,097 shares of the real estate investment trust’s stock valued at $14,330,000 after purchasing an additional 4,177 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Crown Castle International during the 4th quarter valued at approximately $146,000. Hedge funds and other institutional investors own 93.58% of the company’s stock.
Crown Castle International (CCI) opened at $111.39 on Tuesday. The company has a market capitalization of $45,162.63, a PE ratio of 109.21, a PEG ratio of 1.36 and a beta of 0.28. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.30. Crown Castle International has a twelve month low of $88.71 and a twelve month high of $114.97.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be paid a $1.05 dividend. The ex-dividend date is Thursday, March 15th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.77%. Crown Castle International’s dividend payout ratio (DPR) is currently 411.77%.
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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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