About Crown Castle International Corporation (NYSE:CCI)
Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests). Its core business is renting space or physical capacity (collectively, space) on its towers, DAS and, to a lesser extent, third party land interests (collectively, site rental business) through long-term contracts in various forms, including license, sublease and lease agreements (collectively, contracts). The Company owned, leased or managed approximately 39,600 towers in the United States, including Puerto Rico, and approximately 1,700 towers in Australia.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Diversified Communication Services
- Sub-Industry: Wireless Telecommunication Services
- Symbol: NYSE:CCI
- CUSIP: 22822710
- Web: www.crowncastle.com
- Market Cap: $42.65 billion
- Outstanding Shares: 406,267,000
- 50 Day Moving Avg: $102.89
- 200 Day Moving Avg: $100.47
- 52 Week Range: $79.38 - $108.88
Sales & Book Value:
- Trailing P/E Ratio: 83.79
- Foreward P/E Ratio: 82.02
- P/E Growth: 5.77
- Annual Revenue: $4.08 billion
- Price / Sales: 10.45
- Book Value: $20.73 per share
- Price / Book: 5.06
- Annual Dividend: $3.80
- Dividend Yield: 4.1%
- EBITDA: $2.17 billion
- Net Margins: 11.35%
- Return on Equity: 5.93%
- Return on Assets: 2.05%
- Debt-to-Equity Ratio: 1.19%
- Current Ratio: 7.13%
- Quick Ratio: 0.95%
- Average Volume: 2.92 million shs.
- Beta: 0.16
- Short Ratio: 2.38
Frequently Asked Questions for Crown Castle International Corporation (NYSE:CCI)
What is Crown Castle International Corporation's stock symbol?
Crown Castle International Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCI."
How often does Crown Castle International Corporation pay dividends? What is the dividend yield for Crown Castle International Corporation?
Crown Castle International Corporation declared a quarterly dividend on Wednesday, October 18th. Shareholders of record on Friday, December 15th will be given a dividend of $1.05 per share on Friday, December 29th. This represents a $4.20 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Thursday, December 14th. This is a positive change from Crown Castle International Corporation's previous quarterly dividend of $0.95. View Crown Castle International Corporation's Dividend History.
How were Crown Castle International Corporation's earnings last quarter?
Crown Castle International Corporation (NYSE:CCI) released its quarterly earnings results on Wednesday, October, 18th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.10 by $0.07. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. View Crown Castle International Corporation's Earnings History.
When will Crown Castle International Corporation make its next earnings announcement?
Where is Crown Castle International Corporation's stock going? Where will Crown Castle International Corporation's stock price be in 2017?
14 equities research analysts have issued 12-month price targets for Crown Castle International Corporation's stock. Their predictions range from $91.50 to $117.00. On average, they expect Crown Castle International Corporation's share price to reach $107.25 in the next year. View Analyst Ratings for Crown Castle International Corporation.
What are analysts saying about Crown Castle International Corporation stock?
Here are some recent quotes from research analysts about Crown Castle International Corporation stock:
- 1. According to Zacks Investment Research, "Over the past one month, share price of Crown Castle declined 4.5% as against the industry's loss of 2.4%. Moreover, the company continues to face headwinds like high customer concentration, and consolidated wireless industry, which is likely to affect the company's top line. Evolution of new technologies may reduce the demand for site leases and the expenses related, also raises concern. On the flip side, Crown Castle’s extensive tower portfolio, increased demand for infrastructure, healthy leasing activity, continual buyout of towers and growing demand for mobile broadband act as major positives. Buyout of Wilcon Holdings will enable Crown Castle attain ownership over 28,000 route miles of fiber. The deployment of 5G network should drive growth on the company’s tower and small cell assets as the wireless carriers look to expand and enhance their networks." (10/10/2017)
- 2. Macquarie analysts commented, "We remain constructive on Crown’s long-term position to capitalize on the growth of small cells and a fiber footprint that will span 60k+ miles. Upcoming network investments and a focus on densification bode well for Crown, particularly with buildouts slated for ‘18/’19. However, much of the growth will be long-tailed and fiber portfolios carry different profiles. In addition, leverage of 5.9x is above its 4-5x target leaving little room for financial flexibility. Our target goes slightly lower to US$107 based on 20x ‘18E AFFO/sh to reflect revised Wilcon estimates now in guidance. Impact The US$7.1bn Lightower deal doubles Crown’s fiber footprint in top metro markets. With 32k+ miles of fiber in top cities including Boston, NYC, and Philadelphia as well as minimal overlap with Crown’s current footprint, the combined company will own/have rights to 60k+ miles of fiber. Crown’s fiber footprint will cover the top 10 markets and 23 out of the top 25 metro markets. This all-cash deal values Lightower at 13.5x adj. EBITDA (vs. Sunesys at ~16x and CCI currently trading at ~20x) and should close by year-end ’17. Within its first full year of operation, Lightower is projected to contribute: 1) US$850- 870m in site rental revenues; 2) US$163-213m in net income; 3) US$510-530m in adj. EBITDA; and 4) US$465-485m in AFFO before financing costs. Management also expects to increase the dividend by US$0.15-0.20/sh p.a; our US$107 target implies a ~4% yield with the proposed increase. The long-term dividend growth target is now 7-8% from 6-7% previously." (7/19/2017)
Who are some of Crown Castle International Corporation's key competitors?
Some companies that are related to Crown Castle International Corporation include HDFC Bank Limited (HDB), American Express Company (AXP), BlackRock (BLK), Bank of Nova Scotia (The) (BNS), ING Group, N.V. (ING), Axa SA (AXAHY), D/B/A Chubb Limited New (CB), Australia & New Zealand Banking Group (ANZBY), National Australia Bank (NABZY), Banco Bradesco SA (BBD), UBS AG (UBS), PNC Financial Services Group, Inc. (The) (PNC), Lloyds Banking Group PLC (LYG), Prudential Public Limited Company (PUK), Yahoo! (AABA), The Charles Schwab Corporation (SCHW), American Tower Corporation (REIT) (AMT) and American International Group (AIG).
Who owns Crown Castle International Corporation stock?
Crown Castle International Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Skylands Capital LLC (0.12%), State Treasurer State of Michigan (0.04%), APG Asset Management N.V. (0.03%), PGGM Investments (0.02%), Mutual of America Capital Management LLC (0.01%) and SeaBridge Investment Advisors LLC (0.01%). Company insiders that own Crown Castle International Corporation stock include Anthony J Melone, Ari Q Fitzgerald, Daniel K Schlanger, J Landis Martin, James D Young, Kenneth Jay Simon, Philip M Kelley, Rob A Fisher, Robert E Garrison II, Robert F Mckenzie and W Benjamin Moreland. View Institutional Ownership Trends for Crown Castle International Corporation.
Who sold Crown Castle International Corporation stock? Who is selling Crown Castle International Corporation stock?
Crown Castle International Corporation's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, State Treasurer State of Michigan, LS Investment Advisors LLC, Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A. and Skylands Capital LLC. Company insiders that have sold Crown Castle International Corporation stock in the last year include Ari Q Fitzgerald, James D Young, Rob A Fisher, Robert E Garrison II and Robert F Mckenzie. View Insider Buying and Selling for Crown Castle International Corporation.
Who bought Crown Castle International Corporation stock? Who is buying Crown Castle International Corporation stock?
Crown Castle International Corporation's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Quantitative Systematic Strategies LLC, Mutual of America Capital Management LLC, Spirit of America Management Corp NY, Oakbrook Investments LLC, Park National Corp OH, Crow Point Partners LLC and SeaBridge Investment Advisors LLC. Company insiders that have bought Crown Castle International Corporation stock in the last two years include Anthony J Melone, Daniel K Schlanger, J Landis Martin and Kenneth Jay Simon. View Insider Buying and Selling for Crown Castle International Corporation.
How do I buy Crown Castle International Corporation stock?
Shares of Crown Castle International Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Crown Castle International Corporation's stock price today?
MarketBeat Community Rating for Crown Castle International Corporation (NYSE CCI)MarketBeat's community ratings are surveys of what our community members think about Crown Castle International Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Crown Castle International Corporation stock can currently be purchased for approximately $104.99.
Consensus Ratings for Crown Castle International Corporation (NYSE:CCI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.57)|
|Consensus Price Target: ||$107.25 (2.15% upside)|Consensus Price Target History for Crown Castle International Corporation (NYSE:CCI)
Analysts' Ratings History for Crown Castle International Corporation (NYSE:CCI)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Barclays PLC||Boost Price Target||Equal Weight||$101.00 -> $105.00||N/A|
|10/16/2017||CIBC||Reiterated Rating||Outperform -> Market Perform||N/A|
|10/16/2017||Oppenheimer Holdings, Inc.||Reiterated Rating||Outperform -> Market Perform||N/A|
|9/23/2017||Cowen and Company||Reiterated Rating||Outperform||$105.00 -> $112.00||Low|
|9/8/2017||Bank of America Corporation||Boost Price Target||Buy||$107.00 -> $114.00||Low|
|8/29/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$107.00||Low|
|8/28/2017||Citigroup Inc.||Boost Price Target||Neutral||$96.00 -> $108.00||Low|
|7/10/2017||Jefferies Group LLC||Reiterated Rating||Buy||$110.00||Low|
|6/12/2017||Raymond James Financial, Inc.||Reiterated Rating||Outperform -> Market Perform||Low|
|6/9/2017||Deutsche Bank AG||Boost Price Target||Buy||$108.00 -> $117.00||Low|
|4/10/2017||Guggenheim||Upgrade||Neutral -> Buy||$91.00 -> $101.00||Low|
|3/8/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||Low|
|12/21/2016||BTIG Research||Reiterated Rating||Neutral||$91.50||N/A|
|9/12/2016||SunTrust Banks, Inc.||Initiated Coverage||Buy||$107.00||N/A|
|7/22/2016||Morgan Stanley||Reiterated Rating||Overweight||$103.00||N/A|
|7/22/2016||Stifel Nicolaus||Boost Price Target||Buy||$103.00 -> $110.00||N/A|
|3/30/2016||Moffett Nathanson||Boost Price Target||$98.00 -> $103.00||N/A|
|2/11/2016||Goldman Sachs Group, Inc. (The)||Upgrade||Buy -> Conviction-Buy||$101.00||N/A|
Earnings History for Crown Castle International Corporation (NYSE:CCI)Earnings History by Quarter for Crown Castle International Corporation (NYSE CCI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/24/2018|| || || || || || || || |
|10/18/2017||Q3 2017||$1.10||$1.03||$1.07 billion||$1.06 billion||View||N/A|
|7/19/2017||Q2 2017||$0.28||$0.31||$1.03 billion||$1.04 billion||View||N/A|
|4/24/2017||Q1 2017||$1.10||$1.11||$1.01 billion||$1.02 billion||View||N/A|
|1/25/2017||Q416||$1.11||$0.35||$989.36 million||$1.03 billion||View||N/A|
|10/20/2016||Q3||$1.18||$1.09||$968.15 million||$992.00 million||View||N/A|
|7/21/2016||Q2||$1.16||$1.16||$948.85 million||$962.40 million||View||Listen|
|4/21/2016||Q1||$1.13||$1.18||$934.88 million||$934.40 million||View||Listen|
|1/27/2016||Q415||$1.10||$1.11||$927.92 million||$945.80 million||View||Listen|
|10/21/2015||Q3||$1.04||$1.07||$903.79 million||$918.11 million||View||Listen|
|7/22/2015||Q2||$1.06||$1.22||$929.04 million||$899.00 million||View||Listen|
|4/22/2015||Q115||$1.09||$1.15||$936.20 million||$941.00 million||View||Listen|
|1/21/2015||Q414||$1.05||$1.04||$931.30 million||$968.00 million||View||Listen|
|10/30/2014||Q314||$1.01||$1.05||$914.00 million||$930.30 million||View||Listen|
|7/23/2014||Q214||$0.16||$0.07||$873.26 million||$916.30 million||View||Listen|
|4/23/2014||Q114||$0.28||$0.27||$863.89 million||$876.00 million||View||Listen|
|1/22/2014||Q413||$0.16||$0.23||$745.51 million||$798.00 million||View||Listen|
|10/24/2013||Q313||$0.17||$0.16||$730.80 million||$749.00 million||View||Listen|
|7/24/2013||Q2 2013||$0.17||$0.18||$720.57 million||$735.00 million||View||Listen|
|4/24/2013||Q1 2013||$0.08||$0.05||$698.33 million||$740.00 million||View||Listen|
Earnings Estimates for Crown Castle International Corporation (NYSE:CCI)
2017 EPS Consensus Estimate: $4.71
2018 EPS Consensus Estimate: $5.20
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Crown Castle International Corporation (NYSE:CCI)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||316.67% (Trailing 12 Months of Earnings) |
342.34% (Based on This Year's Estimates)
296.88% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Crown Castle International Corporation (NYSE CCI)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Crown Castle International Corporation (NYSE:CCI)
Insider Ownership Percentage: 0.41%Insider Trades by Quarter for Crown Castle International Corporation (NYSE:CCI)
Institutional Ownership Percentage: 82.90%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/28/2017||J Landis Martin||Director||Buy||30,000||$100.64||$3,019,200.00|| |
|5/17/2017||James D Young||COO||Sell||24,646||$97.50||$2,402,985.00|| |
|5/16/2017||Robert F Mckenzie||Director||Sell||1,500||$96.48||$144,720.00|| |
|3/10/2017||Robert E Garrison II||Director||Sell||2,413||$90.66||$218,762.58|| |
|12/9/2016||Rob A Fisher||VP||Sell||1,843||$85.31||$157,226.33|| |
|12/1/2016||Ari Q. Fitzgerald||Director||Sell||3,395||$81.35||$276,183.25|| |
|11/14/2016||Anthony J Melone||Director||Buy||2,500||$81.84||$204,600.00|| |
|11/14/2016||Daniel K Schlanger||CFO||Buy||3,140||$79.74||$250,383.60|| |
|11/14/2016||Kenneth Jay Simon||SVP||Buy||1,248||$80.19||$100,077.12|| |
|9/12/2016||Robert F Mckenzie||Director||Sell||1,000||$93.07||$93,070.00|| |
|9/7/2016||W Benjamin Moreland||Vice Chairman||Sell||50,000||$98.23||$4,911,500.00|| |
|5/5/2016||Kenneth Jay Simon||SVP||Buy||168||$88.03||$14,789.04|| |
|4/27/2016||Philip M Kelley||VP||Sell||46,951||$87.69||$4,117,133.19|| |
|11/17/2015||Robert E Garrison II||Director||Sell||2,427||$85.05||$206,416.35|| |
|6/10/2015||P Robert Bartolo||Director||Buy||12,200||$82.32||$1,004,304.00|| |
|12/10/2014||J Landis Martin||Director||Buy||50,000||$77.84||$3,892,000.00|| |
|11/12/2014||James D Young||COO||Sell||8,665||$79.26||$686,787.90|| |
|11/3/2014||J Landis Martin||Director||Buy||60,000||$79.47||$4,768,200.00|| |
|8/12/2014||James D Young||COO||Sell||8,665||$77.58||$672,230.70|| |
|5/7/2014||James Young||COO||Sell||8,665||$77.02||$667,378.30|| |
|3/10/2014||Rob Fisher||VP||Sell||11,127||$74.27||$826,402.29|| |
|9/12/2013||James Young||COO||Sell||12,860||$71.44||$918,718.40|| |
|8/20/2013||James Young||COO||Sell||1,760||$69.05||$121,528.00|| |
|8/9/2013||James Young||COO||Sell||6,300||$69.04||$434,952.00|| |
|8/7/2013||James Young||COO||Sell||4,800||$69.21||$332,208.00|| |
|6/10/2013||Robert E Garrison II||Director||Sell||7,241||$69.47||$503,032.27|| |
|5/14/2013||W Benjamin Moreland||CEO||Sell||50,000||$79.63||$3,981,500.00|| |
|5/8/2013||James D Young||COO||Sell||12,860||$78.99||$1,015,811.40|| |
Headline Trends for Crown Castle International Corporation (NYSE:CCI)
Latest Headlines for Crown Castle International Corporation (NYSE:CCI)
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Crown Castle International Corporation (CCI) Chart for Sunday, October, 22, 2017