Crown Castle (CCI) Expected to Announce Quarterly Earnings on Wednesday

Crown Castle (NYSE:CCI - Get Free Report) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Crown Castle to post earnings of $1.82 per share and revenue of $1.64 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Crown Castle Stock Performance

NYSE CCI traded up $1.95 during trading on Thursday, hitting $93.58. 2,201,686 shares of the company's stock traded hands, compared to its average volume of 2,812,721. The stock has a market capitalization of $40.67 billion, a price-to-earnings ratio of 33.18 and a beta of 0.88. Crown Castle has a 12-month low of $84.20 and a 12-month high of $120.92. The company has a debt-to-equity ratio of 4.43, a quick ratio of 0.54 and a current ratio of 0.54. The business has a 50 day moving average of $89.63 and a 200-day moving average of $102.61.

Crown Castle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $1.565 dividend. This represents a $6.26 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Friday, March 14th. Crown Castle's payout ratio is 221.99%.

Analyst Ratings Changes

CCI has been the topic of a number of recent research reports. Moffett Nathanson reduced their price target on shares of Crown Castle from $127.00 to $105.00 in a research report on Thursday, January 23rd. Scotiabank reduced their price target on shares of Crown Castle from $118.00 to $102.00 and set a "sector perform" rating on the stock in a research report on Thursday, January 23rd. Barclays upgraded shares of Crown Castle from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $117.00 to $104.00 in a research report on Monday, January 13th. 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. Finally, JMP Securities began coverage on shares of Crown Castle in a report on Monday, January 27th. They issued an "outperform" rating and a $115.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.