Crown Castle (CCI) to Release Earnings on Wednesday

Crown Castle (NYSE:CCI) is anticipated to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.63 billion for the quarter.

Crown Castle Stock Performance

Shares of CCI stock opened at $89.39 on Tuesday. The firm’s 50 day moving average price is $93.78 and its 200-day moving average price is $104.91. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. Crown Castle has a one year low of $84.20 and a one year high of $120.92. The firm has a market cap of $38.85 billion, a P/E ratio of 31.70 and a beta of 0.88.

Crown Castle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $1.565 per share. This represents a $6.26 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date was Friday, December 13th. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCI. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $117.00 to $104.00 in a report on Monday, January 13th. Royal Bank of Canada boosted their price target on Crown Castle from $104.00 to $109.00 and gave the company a “sector perform” rating in a report on Monday, October 28th. Moffett Nathanson decreased their price target on Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. Citigroup set a $128.00 target price on shares of Crown Castle in a research report on Thursday, October 17th. Finally, Citizens Jmp raised Crown Castle to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Crown Castle presently has an average rating of “Hold” and an average price target of $110.13.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.