Crown Castle (NYSE:CCI) Issues FY 2025 Earnings Guidance

Key Points

• Crown Castle has issued its FY 2025 earnings guidance with an EPS range of 4.230-4.350, significantly above the consensus estimate of 2.730.
• The company's quarterly dividend was recently declared at $1.0625, translating to an annualized dividend of $4.25 and a yield of 4.4%.
• Several analysts have adjusted their price targets for Crown Castle, with Raymond James setting a target at $124.00 while Citigroup and BMO Capital lowered theirs to $110.00 and $114.00, respectively.

Crown Castle (NYSE:CCI - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 4.230-4.350 for the period, compared to the consensus estimate of 2.730. The company issued revenue guidance of -.

Crown Castle Trading Down 1.0%

Shares of CCI traded down $1.00 during mid-day trading on Wednesday, reaching $97.66. The company had a trading volume of 2,630,042 shares, compared to its average volume of 3,251,869. The stock has a market cap of $42.53 billion, a price-to-earnings ratio of -9.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.95. The firm has a fifty day simple moving average of $97.23 and a 200-day simple moving average of $100.57. Crown Castle has a fifty-two week low of $84.20 and a fifty-two week high of $115.76.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.08. Crown Castle had a negative net margin of 85.54% and a negative return on equity of 619.62%. Crown Castle has set its FY 2025 guidance at 4.230-4.350 EPS. As a group, equities analysts predict that Crown Castle will post 6.67 EPS for the current fiscal year.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, September 15th. Crown Castle's dividend payout ratio (DPR) is -39.83%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CCI shares. Raymond James Financial reiterated a "strong-buy" rating and issued a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a report on Thursday, July 24th. Citigroup dropped their target price on shares of Crown Castle from $124.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, October 16th. BMO Capital Markets dropped their target price on shares of Crown Castle from $120.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, October 17th. Wolfe Research raised shares of Crown Castle from a "peer perform" rating to an "outperform" rating and set a $114.00 target price for the company in a research report on Monday, September 22nd. Finally, Wall Street Zen raised shares of Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Three investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Crown Castle presently has an average rating of "Moderate Buy" and an average target price of $113.44.

Institutional Investors Weigh In On Crown Castle

Institutional investors have recently modified their holdings of the business. MUFG Securities EMEA plc bought a new stake in shares of Crown Castle during the 2nd quarter valued at about $131,000. Sandler Capital Management bought a new stake in shares of Crown Castle during the 2nd quarter valued at about $205,000. Lantern Wealth Advisors LLC bought a new stake in shares of Crown Castle during the 2nd quarter valued at about $257,000. ICONIQ Capital LLC grew its position in shares of Crown Castle by 13.9% during the 2nd quarter. ICONIQ Capital LLC now owns 3,352 shares of the real estate investment trust's stock valued at $344,000 after buying an additional 410 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Crown Castle during the 2nd quarter valued at about $478,000. Institutional investors own 90.77% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.