Crown Castle (CCI) to Release Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCIGet Free Report) is expected 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 CCI opened at $88.99 on Friday. The firm’s 50 day moving average price is $94.42 and its 200 day moving average price is $105.12. Crown Castle has a twelve month low of $84.20 and a twelve month high of $120.92. The firm has a market cap of $38.67 billion, a PE ratio of 31.56 and a beta of 0.87. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $1.565 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $6.26 annualized dividend and a yield of 7.03%. Crown Castle’s dividend payout ratio (DPR) is currently 221.99%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CCI shares. Barclays raised shares of Crown Castle from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. Wells Fargo & Company cut their target price on shares of Crown Castle from $100.00 to $85.00 and set an “underweight” rating for the company in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on Crown Castle from $116.00 to $96.00 and set a “hold” rating on the stock in a research note on Thursday, January 23rd. TD Cowen decreased their target price 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, JMP Securities assumed coverage on Crown Castle in a research report on Monday. They issued an “outperform” rating and a $115.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four 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 presently has a consensus rating of “Hold” and an average target price of $110.13.

Read Our Latest Report on Crown Castle

About Crown Castle

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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.

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Earnings History for Crown Castle (NYSE:CCI)

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