Crown Castle (NYSE:CCI) Issues Earnings Results

Crown Castle (NYSE:CCIGet Free Report) released its earnings results on Wednesday. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.55, Zacks reports. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $995.42 million. Crown Castle had a net margin of 10.41% and a negative return on equity of 76.56%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Crown Castle updated its FY 2026 guidance to 4.380-4.490 EPS.

Crown Castle Stock Up 1.2%

NYSE CCI traded up $1.00 on Wednesday, hitting $85.92. 2,920,029 shares of the stock were exchanged, compared to its average volume of 3,342,969. Crown Castle has a fifty-two week low of $75.96 and a fifty-two week high of $115.76. The company has a market cap of $37.49 billion, a PE ratio of 85.07, a PEG ratio of 0.44 and a beta of 0.94. The company has a 50-day moving average price of $86.15 and a 200-day moving average price of $88.64.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, March 13th. Crown Castle’s payout ratio is 420.79%.

Insider Activity at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the sale, the executive vice president owned 25,183 shares in the company, valued at approximately $2,174,300.22. The trade was a 15.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert Sean Collins sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $87.49, for a total transaction of $262,470.00. Following the sale, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. This represents a 34.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Crown Castle

Several institutional investors have recently modified their holdings of CCI. Wiser Advisor Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $31,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $46,000. Fulcrum Asset Management LLP purchased a new stake in shares of Crown Castle during the 3rd quarter worth approximately $48,000. Finally, DV Equities LLC purchased a new stake in shares of Crown Castle during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. KeyCorp reduced their target price on shares of Crown Castle from $115.00 to $98.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. UBS Group lowered their price target on shares of Crown Castle from $116.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Jefferies Financial Group boosted their price target on shares of Crown Castle from $84.00 to $89.00 and gave the stock a “hold” rating in a report on Tuesday, April 14th. Raymond James Financial lowered their price target on shares of Crown Castle from $120.00 to $106.00 and set a “strong-buy” rating for the company in a report on Friday, January 23rd. Finally, HSBC lowered their price target on shares of Crown Castle from $107.00 to $88.40 and set a “hold” rating for the company in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $98.86.

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Crown Castle News Summary

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About Crown Castle

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Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.

See Also

Earnings History for Crown Castle (NYSE:CCI)

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