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

Crown Castle (NYSE:CCI - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 4.140-4.250 for the period, compared to the consensus EPS estimate of 4.036. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Crown Castle from $122.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday. Bank of America assumed coverage on Crown Castle in a report on Monday, May 19th. They issued a "buy" rating and a $115.00 target price for the company. Raymond James Financial reiterated a "strong-buy" rating and set a $124.00 price target (up from $122.00) on shares of Crown Castle in a report on Thursday. BMO Capital Markets upped their price target on Crown Castle from $108.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday. Finally, Citigroup raised their price target on Crown Castle from $108.00 to $124.00 and gave the company a "buy" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.94.

Crown Castle Trading Down 2.0%

CCI stock traded down $2.31 during midday trading on Friday, hitting $111.60. The company's stock had a trading volume of 3,419,991 shares, compared to its average volume of 3,239,502. The company 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 has a 12 month low of $84.20 and a 12 month high of $120.92. The firm's 50-day moving average is $102.00 and its 200-day moving average is $98.31.

Crown Castle (NYSE:CCI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.02. The firm had revenue of $1.06 billion during 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%. The business's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share. Analysts expect that Crown Castle will post 6.67 earnings per share for the current year.

Crown Castle Cuts Dividend

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

Insider Activity

In related news, CEO Daniel K. Schlanger sold 20,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.38, for a total transaction of $2,127,600.00. Following the completion of the transaction, the chief executive officer owned 110,571 shares in the company, valued at $11,762,542.98. This represents a 15.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward B. Adams, Jr. sold 8,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $106.37, for a total transaction of $850,960.00. Following the completion of the sale, the executive vice president owned 20,528 shares of the company's stock, valued at approximately $2,183,563.36. The trade was a 28.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock valued at $3,362,752 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Crown Castle

A hedge fund recently raised its stake in Crown Castle stock. Empowered Funds LLC lifted its position in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,444 shares of the real estate investment trust's stock after acquiring an additional 1,150 shares during the quarter. Empowered Funds LLC's holdings in Crown Castle were worth $1,714,000 at the end of the most recent quarter. 90.77% of the stock is currently owned by institutional investors.

Crown Castle Company Profile

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.