Crown Castle (CCI) to Release Earnings on Wednesday

Crown Castle (NYSE:CCI) will likely be announcing its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1,634,506.55 billion for the quarter.

Crown Castle Price Performance

NYSE:CCI opened at $91.03 on Tuesday. The company has a 50 day moving average price of $96.66 and a 200-day moving average price of $105.67. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The firm has a market cap of $39.56 billion, a price-to-earnings ratio of 32.28 and a beta of 0.87. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54.

Crown Castle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $1.565 dividend. The ex-dividend date was Friday, December 13th. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.88%. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Wall Street Analysts Forecast Growth

CCI has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price target on Crown Castle from $105.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Wells Fargo & Company lowered Crown Castle from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $105.00 to $100.00 in a research note on Tuesday, December 10th. Jefferies Financial Group downgraded Crown Castle from a “buy” rating to a “hold” rating and decreased their target price for the company from $127.00 to $84.00 in a research report on Thursday, January 2nd. TD Cowen reduced their price objective on Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, UBS Group lifted their target price on shares of Crown Castle from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Crown Castle has an average rating of “Hold” and an average price target of $113.00.

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.