Crown Castle International Corporation (CCI) to Release Earnings on Wednesday

Crown Castle International Corporation (NYSE:CCI) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 18th. Analysts expect Crown Castle International Corporation to post earnings of $0.30 per share for the quarter.

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. On average, analysts expect Crown Castle International Corporation to post $1.14 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.

Shares of Crown Castle International Corporation (CCI) opened at 101.59 on Wednesday. The company’s 50-day moving average is $103.89 and its 200-day moving average is $100.09. The company has a market capitalization of $41.27 billion, a PE ratio of 81.08 and a beta of 0.17. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

ILLEGAL ACTIVITY WARNING: “Crown Castle International Corporation (CCI) to Release Earnings on Wednesday” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/crown-castle-international-corporation-cci-to-release-earnings-on-wednesday.html.

In other news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CCI. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. boosted their price target on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Bank of America Corporation boosted their price target on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corporation presently has an average rating of “Buy” and an average price target of $107.50.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates an

Crown Castle International Corporation (NYSE:CCI) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Crown Castle International Corporation had a net margin of 11.14% and a return on equity of 6.21%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. On average, analysts expect Crown Castle International Corporation to post $1.14 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.

Shares of Crown Castle International Corporation (CCI) opened at 101.59 on Wednesday. The company’s 50-day moving average is $103.89 and its 200-day moving average is $100.09. The company has a market capitalization of $41.27 billion, a PE ratio of 81.08 and a beta of 0.17. Crown Castle International Corporation has a one year low of $79.38 and a one year high of $108.88.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, September 14th. Crown Castle International Corporation’s dividend payout ratio (DPR) is 304.00%.

ILLEGAL ACTIVITY WARNING: “Crown Castle International Corporation (CCI) to Release Earnings on Wednesday” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/11/crown-castle-international-corporation-cci-to-release-earnings-on-wednesday.html.

In other news, Director J Landis Martin acquired 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average price of $100.64 per share, for a total transaction of $3,019,200.00. Following the completion of the acquisition, the director now owns 99,335 shares in the company, valued at $9,997,074.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CCI. Zacks Investment Research downgraded shares of Crown Castle International Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Macquarie reissued a “buy” rating and set a $107.00 price target on shares of Crown Castle International Corporation in a research note on Wednesday, July 19th. Citigroup Inc. boosted their price target on shares of Crown Castle International Corporation from $96.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Bank of America Corporation boosted their price target on shares of Crown Castle International Corporation from $107.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, September 8th. Finally, BidaskClub raised shares of Crown Castle International Corporation from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Crown Castle International Corporation presently has an average rating of “Buy” and an average price target of $107.50.

Crown Castle International Corporation 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).

Earnings History for Crown Castle International Corporation (NYSE:CCI)

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