Gaining Ground: Crown Castle Inc (CCI) Closes Lower at 99.51, Down -0.37

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The price of Crown Castle Inc (NYSE: CCI) closed at $99.51 in the last session, down -0.37% from day before closing price of $99.88. In other words, the price has decreased by -$0.37 from its previous closing price. On the day, 3.09 million shares were traded. CCI stock price reached its highest trading level at $100.025 during the session, while it also had its lowest trading level at $98.9.

Ratios:

We take a closer look at CCI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 147.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.20. In the meantime, Its Debt-to-Equity ratio is 4.82 whereas as Long-Term Debt/Eq ratio is at 4.62.

On January 19, 2024, BMO Capital Markets Upgraded its rating to Market Perform which previously was Underperform and also upped its target price recommendation from $107 to $110.

On December 14, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $110.HSBC Securities initiated its Hold rating on December 14, 2023, with a $110 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 02 ’24 when Genrich Jason bought 18 shares for $103.17 per share. The transaction valued at 1,857 led to the insider holds 3,041 shares of the business.

Collins Robert Sean sold 3,250 shares of CCI for $368,842 on Mar 05 ’24. The Vice President and Controller now owns 8,275 shares after completing the transaction at $113.49 per share. On Jan 18 ’24, another insider, Genrich Jason, who serves as the Director of the company, bought 99 shares for $109.32 each. As a result, the insider paid 10,823 and bolstered with 3,023 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCI now has a Market Capitalization of 43239387136 and an Enterprise Value of 72238407680. As of this moment, Crown’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.04, and their Forward P/E ratio for the next fiscal year is 38.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.31 while its Price-to-Book (P/B) ratio in mrq is 7.16. Its current Enterprise Value per Revenue stands at 10.547 whereas that against EBITDA is 17.483.

Stock Price History:

The Beta on a monthly basis for CCI is 0.82, which has changed by -0.1263389 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, CCI has reached a high of $119.60, while it has fallen to a 52-week low of $84.72. The 50-Day Moving Average of the stock is -2.11%, while the 200-Day Moving Average is calculated to be -3.48%.

Shares Statistics:

According to the various share statistics, CCI traded on average about 2.92M shares per day over the past 3-months and 3407620 shares per day over the past 10 days. A total of 434.00M shares are outstanding, with a floating share count of 433.78M. Insiders hold about 0.17% of the company’s shares, while institutions hold 92.03% stake in the company. Shares short for CCI as of 1714435200 were 4769067 with a Short Ratio of 1.63, compared to 1711584000 on 4634871. Therefore, it implies a Short% of Shares Outstanding of 4769067 and a Short% of Float of 1.26.

Dividends & Splits

The forward annual dividend rate for CCI is 6.26, which was 6.26 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.062675215The stock’s 5-year Average Dividend Yield is 3.79.

Earnings Estimates

The dynamic stock of Crown Castle Inc (CCI) is currently being evaluated by a team of 11.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.67 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.64, while EPS last year was $1.05. The consensus estimate for the next quarter is $0.72, with high estimates of $0.75 and low estimates of $0.7.

Analysts are recommending an EPS of between $2.96 and $2.79 for the fiscal current year, implying an average EPS of $2.87. EPS for the following year is $2.58, with 15.0 analysts recommending between $2.93 and $2.18.

Revenue Estimates

According to 12 analysts, the current quarter’s revenue is expected to be $1.62B. It ranges from a high estimate of $1.65B to a low estimate of $1.6B. As of the current estimate, Crown Castle Inc’s year-ago sales were $1.87BFor the next quarter, 12 analysts are estimating revenue of $1.65B. There is a high estimate of $1.67B for the next quarter, whereas the lowest estimate is $1.64B.

A total of 16 analysts have provided revenue estimates for CCI’s current fiscal year. The highest revenue estimate was $6.67B, while the lowest revenue estimate was $6.56B, resulting in an average revenue estimate of $6.6B. In the same quarter a year ago, actual revenue was $6.98BBased on 16 analysts’ estimates, the company’s revenue will be $6.55B in the next fiscal year. The high estimate is $6.72B and the low estimate is $6.41B.

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