Wall Street brokerages expect that Crown Castle International Corp. (REIT) (NYSE:CCI) will post $1.34 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Crown Castle International’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.29. Crown Castle International posted earnings of $1.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The firm is expected to issue its next earnings results on Monday, April 23rd.
On average, analysts expect that Crown Castle International will report full year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.43 to $5.63. For the next financial year, analysts expect that the business will report earnings of $5.37 per share, with EPS estimates ranging from $1.52 to $6.11. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Crown Castle International.
Crown Castle International (NYSE:CCI) last released its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.84). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.14 billion. Crown Castle International had a return on equity of 4.95% and a net margin of 10.21%. The company’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period last year, the firm earned $1.10 EPS.
Several hedge funds have recently made changes to their positions in CCI. Employees Retirement System of Texas grew its stake in shares of Crown Castle International by 10.7% in the 2nd quarter. Employees Retirement System of Texas now owns 31,000 shares of the real estate investment trust’s stock valued at $3,106,000 after purchasing an additional 3,000 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Crown Castle International in the 2nd quarter valued at approximately $297,000. Osterweis Capital Management Inc. grew its stake in shares of Crown Castle International by 2.9% in the 2nd quarter. Osterweis Capital Management Inc. now owns 235,090 shares of the real estate investment trust’s stock valued at $23,552,000 after purchasing an additional 6,540 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Crown Castle International by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 405,223 shares of the real estate investment trust’s stock valued at $40,595,000 after purchasing an additional 37,521 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Crown Castle International by 8.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 71,055 shares of the real estate investment trust’s stock valued at $7,118,000 after purchasing an additional 5,561 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.
Crown Castle International (NYSE CCI) traded up $0.05 on Monday, reaching $103.86. The company’s stock had a trading volume of 3,670,325 shares, compared to its average volume of 2,730,000. The firm has a market capitalization of $42,180.00, a price-to-earnings ratio of 102.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.26. Crown Castle International has a 52 week low of $86.93 and a 52 week high of $114.97. The company has a debt-to-equity ratio of 1.30, a quick ratio of 7.13 and a current ratio of 0.88.
TRADEMARK VIOLATION NOTICE: “” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2018/02/10/476844.html.
Crown Castle International 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Crown Castle International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crown Castle International and related companies with MarketBeat.com's FREE daily email newsletter.