Crown Castle International (NYSE:CCI) Issues FY 2022 Earnings Guidance

Crown Castle International (NYSE:CCIGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $7.310-$7.410 for the period. The company issued revenue guidance of -.

A number of research analysts recently commented on the stock. KeyCorp upped their price target on shares of Crown Castle International from $202.00 to $219.00 and gave the company an overweight rating in a research note on Friday, April 22nd. Barclays decreased their price target on shares of Crown Castle International from €222.00 ($238.71) to €214.00 ($230.11) in a research note on Friday, March 18th. Raymond James upped their price target on shares of Crown Castle International from $184.00 to $206.00 and gave the company an outperform rating in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Crown Castle International from $209.00 to $204.00 and set a buy rating on the stock in a research note on Thursday, February 3rd. Finally, JPMorgan Chase & Co. lowered shares of Crown Castle International from an overweight rating to a neutral rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Crown Castle International currently has a consensus rating of Buy and an average price target of $205.62.

Shares of NYSE:CCI traded up $1.54 on Thursday, reaching $190.28. 38,343 shares of the company’s stock were exchanged, compared to its average volume of 1,900,908. The company has a fifty day moving average of $180.96 and a 200-day moving average of $183.34. Crown Castle International has a twelve month low of $157.16 and a twelve month high of $209.87. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 2.62. The company has a market capitalization of $82.40 billion, a price-to-earnings ratio of 56.17, a PEG ratio of 2.79 and a beta of 0.56.

Crown Castle International (NYSE:CCIGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm posted $1.71 EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities research analysts forecast that Crown Castle International will post 7.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, March 14th. Crown Castle International’s dividend payout ratio (DPR) is presently 175.00%.

In other news, COO Catherine Piche sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $176.41, for a total transaction of $441,025.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher Levendos sold 11,000 shares of the firm’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the transaction, the chief operating officer now directly owns 11,717 shares of the company’s stock, valued at approximately $2,258,920.43. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vident Investment Advisory LLC grew its holdings in Crown Castle International by 50.3% in the fourth quarter. Vident Investment Advisory LLC now owns 13,576 shares of the real estate investment trust’s stock worth $2,834,000 after purchasing an additional 4,544 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Crown Castle International by 2.7% in the fourth quarter. EP Wealth Advisors LLC now owns 4,260 shares of the real estate investment trust’s stock valued at $889,000 after buying an additional 111 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Crown Castle International by 858.2% in the fourth quarter. NewEdge Advisors LLC now owns 13,616 shares of the real estate investment trust’s stock valued at $2,842,000 after buying an additional 12,195 shares in the last quarter. Autumn Glory Partners LLC bought a new position in shares of Crown Castle International in the fourth quarter valued at $316,000. Finally, Horizon Investments LLC lifted its stake in shares of Crown Castle International by 9.8% in the fourth quarter. Horizon Investments LLC now owns 3,067 shares of the real estate investment trust’s stock valued at $640,000 after buying an additional 273 shares in the last quarter. Institutional investors and hedge funds own 91.20% of the company’s stock.

Crown Castle International Company Profile (Get Rating)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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