Crown Castle (NYSE:CCI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Crown Castle (NYSE:CCI - Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.02, Zacks reports. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Crown Castle had a negative return on equity of 300.46% and a negative net margin of 85.54%. Crown Castle's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. Crown Castle updated its FY 2025 guidance to 4.140-4.250 EPS.

Crown Castle Stock Down 2.0%

Shares of NYSE:CCI traded down $2.31 during midday trading on Friday, reaching $111.60. The company had a trading volume of 3,419,991 shares, compared to its average volume of 3,239,502. The business's 50 day moving average price is $102.00 and its 200 day moving average price is $98.31. Crown Castle has a 1-year low of $84.20 and a 1-year high of $120.92. The stock has a market cap of $48.60 billion, a PE ratio of -10.46, a P/E/G ratio of 0.85 and a beta of 0.88.

Crown Castle Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $1.0625 dividend. This represents a $4.25 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, June 13th. Crown Castle's payout ratio is -39.50%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Raymond James Financial reissued a "strong-buy" rating and issued a $124.00 price target (up previously from $122.00) on shares of Crown Castle in a research report on Thursday. Royal Bank Of Canada increased their target price on Crown Castle from $107.00 to $112.00 and gave the stock a "sector perform" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on Crown Castle from $115.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday. Scotiabank raised their target price on Crown Castle from $109.00 to $114.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, Citigroup raised their target price on Crown Castle from $108.00 to $124.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Crown Castle presently has an average rating of "Moderate Buy" and a consensus target price of $115.94.

Insider Buying and Selling at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 8,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.37, for a total transaction of $850,960.00. Following the sale, the executive vice president owned 20,528 shares in the company, valued at $2,183,563.36. This represents a 28.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert Sean Collins sold 3,600 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $106.72, for a total value of $384,192.00. Following the sale, the vice president owned 6,465 shares in the company, valued at approximately $689,944.80. This represents a 35.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,600 shares of company stock worth $3,362,752 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Crown Castle stock. Empowered Funds LLC grew its stake in Crown Castle Inc. (NYSE:CCI - Free Report) by 7.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,444 shares of the real estate investment trust's stock after purchasing an additional 1,150 shares during the period. Empowered Funds LLC's holdings in Crown Castle were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission. 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.