Crown Castle (CCI) Projected to Post Earnings on Wednesday

Crown Castle (NYSE:CCI) is projected to post its quarterly earnings results after the market closes on Wednesday, March 12th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Crown Castle Trading Up 2.7 %

NYSE:CCI opened at $97.78 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 4.43. The stock has a market capitalization of $42.49 billion, a PE ratio of 34.67 and a beta of 0.89. The firm’s 50 day moving average is $90.22 and its 200 day moving average is $101.83. Crown Castle has a 12 month low of $84.20 and a 12 month high of $120.92.

Crown Castle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $1.565 dividend. The ex-dividend date is Friday, March 14th. This represents a $6.26 dividend on an annualized basis and a yield of 6.40%. Crown Castle’s dividend payout ratio is 221.99%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CCI shares. Barclays upgraded shares of Crown Castle from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $117.00 to $104.00 in a research note on Monday, January 13th. Citigroup reduced their price objective on shares of Crown Castle from $128.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Scotiabank reduced their price objective on shares of Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, January 23rd. Jefferies Financial Group lowered shares of Crown Castle from a “buy” rating to a “hold” rating and reduced their price objective for the company from $127.00 to $84.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.75.

About Crown Castle

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.