FY2020 EPS Estimates for CROWN CASTLE IN/SH SH (CCI) Increased by Analyst

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CROWN CASTLE IN/SH SH (NYSE:CCI) – Equities researchers at KeyCorp increased their FY2020 earnings estimates for shares of CROWN CASTLE IN/SH SH in a research note issued on Monday, February 11th. KeyCorp analyst B. Nispel now anticipates that the real estate investment trust will earn $5.94 per share for the year, up from their prior forecast of $5.87.

CROWN CASTLE IN/SH SH (NYSE:CCI) last released its earnings results on Wednesday, January 23rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. CROWN CASTLE IN/SH SH had a return on equity of 5.17% and a net margin of 11.86%. CROWN CASTLE IN/SH SH’s quarterly revenue was up 14.6% on a year-over-year basis.

Other analysts also recently issued reports about the company. Zacks Investment Research downgraded CROWN CASTLE IN/SH SH from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Macquarie downgraded CROWN CASTLE IN/SH SH from an “outperform” rating to a “neutral” rating in a research report on Tuesday. ValuEngine downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. TheStreet raised CROWN CASTLE IN/SH SH from a “c+” rating to a “b” rating in a research report on Wednesday, January 23rd. Finally, Moffett Nathanson downgraded CROWN CASTLE IN/SH SH from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research report on Monday, December 3rd. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $118.20.

Shares of NYSE CCI opened at $118.44 on Wednesday. CROWN CASTLE IN/SH SH has a 1-year low of $98.85 and a 1-year high of $119.43. The firm has a market cap of $48.86 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.36 and a beta of 0.44. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.87 and a quick ratio of 0.96.

In other news, Director Edward C. Hutcheson, Jr. bought 350 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was acquired at an average cost of $117.95 per share, with a total value of $41,282.50. Following the completion of the transaction, the director now directly owns 59,187 shares of the company’s stock, valued at approximately $6,981,106.65. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $26,000. Athena Capital Advisors LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $33,000. Doyle Wealth Management purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $33,000. Quantamental Technologies LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $42,000. Finally, Enlightenment Research LLC purchased a new position in shares of CROWN CASTLE IN/SH SH in the fourth quarter valued at $43,000. Institutional investors own 94.73% of the company’s stock.

CROWN CASTLE IN/SH SH Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 65,000 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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Earnings History and Estimates for CROWN CASTLE IN/SH SH (NYSE:CCI)

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