Crown Castle (NYSE:CCI) Posts Earnings Results, Beats Estimates By $0.55 EPS

Crown Castle (NYSE:CCIGet Free Report) announced its earnings results on Wednesday. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.55, Zacks reports. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.42 million. Crown Castle had a negative return on equity of 76.56% and a net margin of 10.41%.The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. Crown Castle updated its FY 2026 guidance to 4.380-4.490 EPS.

Crown Castle Price Performance

Shares of NYSE:CCI opened at $85.92 on Thursday. Crown Castle has a 1-year low of $75.96 and a 1-year high of $115.76. The business has a fifty day moving average price of $86.14 and a 200-day moving average price of $88.62. The company has a market capitalization of $37.49 billion, a PE ratio of 85.07, a PEG ratio of 0.43 and a beta of 0.94.

Crown Castle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. The ex-dividend date was Friday, March 13th. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. Crown Castle’s dividend payout ratio (DPR) is presently 420.79%.

Analyst Ratings Changes

A number of brokerages recently commented on CCI. Scotiabank decreased their target price on Crown Castle from $94.00 to $91.00 and set a “sector perform” rating for the company in a report on Tuesday, April 7th. Truist Financial began coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 target price for the company. New Street Research downgraded Crown Castle from a “buy” rating to a “neutral” rating and set a $93.00 target price for the company. in a report on Monday, January 5th. Citigroup decreased their target price on Crown Castle from $110.00 to $106.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Royal Bank Of Canada decreased their price objective on Crown Castle from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.86.

Check Out Our Latest Report on CCI

Key Crown Castle News

Here are the key news stories impacting Crown Castle this week:

Insider Buying and Selling at Crown Castle

In other news, EVP Edward B. Adams, Jr. sold 4,650 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president directly owned 25,183 shares in the company, valued at $2,174,300.22. This trade represents a 15.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Sean Collins sold 3,000 shares of the firm’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $87.49, for a total value of $262,470.00. Following the transaction, the vice president owned 5,800 shares of the company’s stock, valued at $507,442. The trade was a 34.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Crown Castle

Large investors have recently bought and sold shares of the business. Wiser Advisor Group LLC bought a new stake in Crown Castle in the 3rd quarter worth about $29,000. Triumph Capital Management bought a new stake in Crown Castle in the 3rd quarter worth about $31,000. Measured Wealth Private Client Group LLC bought a new stake in Crown Castle in the 3rd quarter worth about $46,000. Fulcrum Asset Management LLP bought a new stake in Crown Castle in the 3rd quarter worth about $48,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Crown Castle by 2,676.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 583 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 562 shares in the last quarter. 90.77% of the stock is currently owned by institutional investors.

About Crown Castle

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Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.

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Earnings History for Crown Castle (NYSE:CCI)

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