Crown Castle (CCI) Expected to Announce Earnings on Wednesday

Crown Castle (NYSE:CCI) is projected to post its quarterly earnings results 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 Price Performance

Shares of NYSE CCI opened at $88.99 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 4.43. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The business has a 50 day moving average price of $94.42 and a two-hundred day moving average price of $105.12. The firm has a market cap of $38.67 billion, a PE ratio of 31.56 and a beta of 0.87.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.03%. Crown Castle’s dividend payout ratio is presently 221.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. UBS Group boosted their target price on shares of Crown Castle from $103.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. TD Cowen reduced their price target on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Finally, Jefferies Financial Group cut shares of Crown Castle from a “buy” rating to a “hold” rating and cut their target price for the stock from $127.00 to $84.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.