Wall Street analysts expect that Crown Castle International Corp. (REIT) (NYSE:CCI) will post $1.07 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Crown Castle International’s earnings. The highest EPS estimate is $1.08 and the lowest is $1.06. Crown Castle International reported earnings per share of $0.35 during the same quarter last year, which would suggest a positive year-over-year growth rate of 205.7%. The company is expected to announce its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Crown Castle International will report full-year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.62 to $4.67. For the next fiscal year, analysts anticipate that the business will post earnings of $5.55 per share, with EPS estimates ranging from $5.43 to $5.70. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Crown Castle International.

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

Several research analysts have recently issued reports on CCI shares. Citigroup raised their price objective on Crown Castle International from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Barclays raised their price objective on Crown Castle International from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Royal Bank Of Canada restated a “buy” rating and issued a $107.00 price objective on shares of Crown Castle International in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Crown Castle International from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, Wells Fargo & Company raised their price objective on Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research note on Monday, October 23rd. Nine investment 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. Crown Castle International has an average rating of “Buy” and an average price target of $110.58.

In other news, VP Philip M. Kelley sold 10,551 shares of Crown Castle International stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $113.09, for a total value of $1,193,212.59. Following the sale, the vice president now directly owns 91,808 shares of the company’s stock, valued at $10,382,566.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Shelton Capital Management lifted its position in Crown Castle International by 60.8% during the third quarter. Shelton Capital Management now owns 4,760 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 1,800 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Crown Castle International by 177.6% during the third quarter. Chicago Partners Investment Group LLC now owns 54,961 shares of the real estate investment trust’s stock worth $5,495,000 after buying an additional 35,159 shares in the last quarter. Institutional & Family Asset Management LLC purchased a new position in Crown Castle International during the third quarter worth approximately $318,000. Public Employees Retirement System of Ohio lifted its position in Crown Castle International by 11.6% during the third quarter. Public Employees Retirement System of Ohio now owns 279,076 shares of the real estate investment trust’s stock worth $27,902,000 after buying an additional 28,970 shares in the last quarter. Finally, Crestwood Advisors Group LLC lifted its position in Crown Castle International by 1.8% during the third quarter. Crestwood Advisors Group LLC now owns 161,816 shares of the real estate investment trust’s stock worth $16,178,000 after buying an additional 2,879 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.

Crown Castle International (NYSE CCI) traded down $0.45 during trading on Tuesday, reaching $112.55. The company’s stock had a trading volume of 1,777,149 shares, compared to its average volume of 2,361,198. The company has a debt-to-equity ratio of 1.19, a quick ratio of 7.13 and a current ratio of 7.13. Crown Castle International has a 52 week low of $81.33 and a 52 week high of $114.97. The stock has a market capitalization of $45,910.00, a PE ratio of 23.95, a PEG ratio of 1.66 and a beta of 0.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $1.05 dividend. This is a positive change from Crown Castle International’s previous quarterly dividend of $0.95. This represents a $4.20 annualized dividend and a yield of 3.73%. The ex-dividend date is Thursday, December 14th. Crown Castle International’s dividend payout ratio (DPR) is presently 316.67%.

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

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