Analysis of Crown Castle Inc. (NYSE:CCI): Selected Notes

The closing price of Crown Castle Inc. (NYSE: CCI) was $132.52 for the day, down -0.13% from the previous closing price of $132.69. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 2261915 shares were traded. CCI stock price reached its highest trading level at $134.08 during the session, while it also had its lowest trading level at $130.57.

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Our analysis of CCI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 2.92 whereas as Long-Term Debt/Eq ratio is at 2.81.

Upgrades & Downgrades

On January 12, 2023, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $153 to $152.

Jefferies Upgraded its Hold to Buy on June 30, 2022, whereas the target price for the stock was revised from $191 to $200.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 24 when Stephens Kevin A bought 2,000 shares for $123.50 per share. The transaction valued at 247,000 led to the insider holds 12,703 shares of the business.

Thornton Matthew III bought 1,215 shares of CCI for $150,398 on Oct 21. The Director now owns 5,761 shares after completing the transaction at $123.78 per share. On Jul 22, another insider, Stephens Kevin A, who serves as the Director of the company, bought 699 shares for $173.60 each. As a result, the insider paid 121,344 and bolstered with 10,703 shares of the company.

Valuation Measures:

As of this moment, Crown’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.34, and their Forward P/E ratio for the next fiscal year is 37.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.29 while its Price-to-Book (P/B) ratio in mrq is 7.70.

Stock Price History:

Over the past 52 weeks, CCI has reached a high of $199.97, while it has fallen to a 52-week low of $121.71. The 50-Day Moving Average of the stock is 140.32, while the 200-Day Moving Average is calculated to be 152.43.

Shares Statistics:

CCI traded an average of 1.99M shares per day over the past three months and 2.27M shares per day over the past ten days. A total of 433.00M shares are outstanding, with a floating share count of 430.78M. Insiders hold about 0.45% of the company’s shares, while institutions hold 93.10% stake in the company. Shares short for CCI as of Jan 30, 2023 were 3.54M with a Short Ratio of 3.48M, compared to 3.75M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.82% and a Short% of Float of 0.94%.

Dividends & Splits

With its trailing 12-month dividend rate of 5.06, CCI has a forward annual dividend rate of 6.26. Against a Trailing Annual Dividend Yield of 3.81%, it implies a Forward Annual Dividend Yield of 4.44%. The stock’s 5-year Average Dividend Yield is 3.29.

Earnings Estimates

The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of $0.91 for the current quarter, with a high estimate of $0.99 and a low estimate of $0.81, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.1, with high estimates of $1.2 and low estimates of $1.

Analysts are recommending an EPS of between $3.87 and $3.74 for the fiscal current year, implying an average EPS of $3.79. EPS for the following year is $3.58, with 13 analysts recommending between $4.05 and $3.28.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.8B to a low estimate of $1.72B. As of the current estimate, Crown Castle Inc.’s year-ago sales were $1.74B, an estimated increase of 0.90% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.9B, an increase of 9.80% over than the figure of $0.90% in the same quarter last year. There is a high estimate of $1.93B for the next quarter, whereas the lowest estimate is $1.87B.

A total of 13 analysts have provided revenue estimates for CCI’s current fiscal year. The highest revenue estimate was $7.25B, while the lowest revenue estimate was $7.17B, resulting in an average revenue estimate of $7.22B. In the same quarter a year ago, actual revenue was $6.99B, up 3.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $7.15B in the next fiscal year. The high estimate is $7.43B and the low estimate is $6.96B. The average revenue growth estimate for next year is down -0.90% from the average revenue estimate for this year.