Earnings results for Crown Castle International (NYSE:CCI)
Crown Castle International Corporation is expected* to report earnings on 04/21/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.53. The reported EPS for the same quarter last year was $1.42.
Crown Castle International last issued its quarterly earnings results on January 27th, 2021. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.75. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.51 billion. Its revenue was up 4.0% compared to the same quarter last year. Crown Castle International has generated $5.69 earnings per share over the last year and currently has a price-to-earnings ratio of 114.4. Crown Castle International has confirmed that its next quarterly earnings report will be published on Wednesday, April 21st, 2021.
Analyst Opinion on Crown Castle International (NYSE:CCI)
14 Wall Street analysts have issued ratings and price targets for Crown Castle International in the last 12 months. Their average twelve-month price target is $179.75, predicting that the stock has a possible downside of 1.78%. The high price target for CCI is $205.00 and the low price target for CCI is $155.00. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Crown Castle International has received a consensus rating of Buy. The company’s average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $179.75, Crown Castle International has a forecasted downside of 1.8% from its current price of $183.00. Crown Castle International has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Crown Castle International (NYSE:CCI)
Crown Castle International pays a meaningful dividend of 2.94%, higher than the bottom 25% of all stocks that pay dividends. Crown Castle International has been increasing its dividend for 7 years. The dividend payout ratio of Crown Castle International is 93.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Crown Castle International will have a dividend payout ratio of 83.52% in the coming year. This indicates that Crown Castle International may not be able to sustain their current dividend.
Insiders buying/selling: Crown Castle International (NYSE:CCI)
In the past three months, Crown Castle International insiders have sold 81.07% more of their company’s stock than they have bought. Specifically, they have bought $1,253,828.00 in company stock and sold $2,270,261.00 in company stock. Only 0.47% of the stock of Crown Castle International is held by insiders. 90.07% of the stock of Crown Castle International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Crown Castle International (NYSE:CCI
Earnings for Crown Castle International are expected to grow by 10.59% in the coming year, from $5.76 to $6.37 per share. The P/E ratio of Crown Castle International is 114.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.49. The P/E ratio of Crown Castle International is 114.38, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.39. Crown Castle International has a PEG Ratio of 1.18. PEG Ratios above 1 indicate that a company could be overvalued. Crown Castle International has a P/B Ratio of 7.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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