The price of Crown Castle Inc (NYSE: CCI) closed at $104.56 in the last session, up 0.20% from day before closing price of $104.35. In other words, the price has increased by $+0.21 from its previous closing price. On the day, 2622242 shares were traded.
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 164.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.68. In the meantime, Its Debt-to-Equity ratio is 4.52 whereas as Long-Term Debt/Eq ratio is at 4.33.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on January 19, 2024, Upgraded its rating to Market Perform and sets its target price to $110 from $107 previously.
On December 14, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $110.
Wells Fargo Upgraded its Underweight to Equal Weight on December 05, 2023, whereas the target price for the stock was revised from $90 to $115.
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 Mar 05 ’24 when Collins Robert Sean sold 3,250 shares for $113.49 per share. The transaction valued at 368,842 led to the insider holds 8,275 shares of the business.
Collins Robert Sean sold 1,500 shares of CCI for $171,240 on Dec 14 ’23. The Vice President and Controller now owns 10,035 shares after completing the transaction at $114.16 per share. On May 02 ’23, another insider, Stephens Kevin A, who serves as the Director of the company, bought 1,000 shares for $118.00 each. As a result, the insider paid 117,996 and bolstered with 15,416 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 45.31B and an Enterprise Value of 74.02B. As of this moment, Crown’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.27, and their Forward P/E ratio for the next fiscal year is 41.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.50 while its Price-to-Book (P/B) ratio in mrq is 7.11. Its current Enterprise Value per Revenue stands at 10.60 whereas that against EBITDA is 18.04.
Stock Price History:
Over the past 52 weeks, CCI has reached a high of $136.29, while it has fallen to a 52-week low of $84.72. The 50-Day Moving Average of the stock is 108.99, while the 200-Day Moving Average is calculated to be 105.78.
Shares Statistics:
According to the various share statistics, CCI traded on average about 2.82M shares per day over the past 3-months and 2.49M shares per day over the past 10 days. A total of 434.00M shares are outstanding, with a floating share count of 432.39M. Insiders hold about 0.42% of the company’s shares, while institutions hold 91.99% stake in the company. Shares short for CCI as of Feb 29, 2024 were 3.61M with a Short Ratio of 1.28, compared to 4.28M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.83% and a Short% of Float of 0.96%.
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 6.00%, it implies a Forward Annual Dividend Yield of 6.00%. The stock’s 5-year Average Dividend Yield is 3.69.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.7 for the current quarter, with a high estimate of $0.77 and a low estimate of $0.65, while EPS last year was $0.97. The consensus estimate for the next quarter is $0.68, with high estimates of $0.73 and low estimates of $0.63.
Analysts are recommending an EPS of between $2.99 and $2.81 for the fiscal current year, implying an average EPS of $2.9. EPS for the following year is $2.61, with 13 analysts recommending between $3.33 and $2.32.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $1.63B. It ranges from a high estimate of $1.64B to a low estimate of $1.61B. As of the current estimate, Crown Castle Inc’s year-ago sales were $1.76B, an estimated decrease of -7.70% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $1.62B, a decrease of -13.00% less than the figure of -$7.70% in the same quarter last year. There is a high estimate of $1.64B for the next quarter, whereas the lowest estimate is $1.6B.
A total of 16 analysts have provided revenue estimates for CCI’s current fiscal year. The highest revenue estimate was $6.69B, while the lowest revenue estimate was $6.52B, resulting in an average revenue estimate of $6.6B. In the same quarter a year ago, actual revenue was $6.98B, down -5.40% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $6.55B in the next fiscal year. The high estimate is $6.73B and the low estimate is $6.42B. The average revenue growth estimate for next year is down -0.80% from the average revenue estimate for this year.
