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 research firms have commented on CCI. Zacks Investment Research raised Crown Castle International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Deutsche Bank lifted their price target on Crown Castle International from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Wells Fargo & Co lifted their price target on Crown Castle International from $112.50 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, October 23rd. KeyCorp lifted their price target on Crown Castle International from $106.00 to $114.00 in a research report on Monday, November 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $115.00 price target on shares of Crown Castle International in a research report on Friday, January 26th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.33.

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.

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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).

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

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