Crown Castle International Corporation (NYSE:CCI) wireless infrastructure provider, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.50 per share.
Looking ahead, the full year income are expected at $ 1.98 per share on the revenues of $ 5930.62 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.06 ~ $ 6.17 per share
Click Here For More Historical Outlooks Of Crown Castle International Corporation
Previous Quarter Performance
Crown Castle International Corporation communicated income for the second quarter of $ 1.45 per share, from the revenue of $ 1,440.00 million. The quarterly earnings extended 178.85 percent while revenues dropped 2.57 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.50 per share from $ 1445.60 million in revenue. The bottom line results beat street analysts by $ 0.95 or 190.00 percent, at the same time, top line results fell short of analysts by $ 5.6 million or 0.39 percent.
Stock Performance
Shares of Crown Castle International Corporation traded up $ 0.15 or 0.09 percent on Tuesday, reaching $ 164.47 with volume of 1.75 million shares. Crown Castle International Corporation has traded high as $ 165.64 and has cracked $ 162.27 on the downward trend
The closing price of $ 164.47, representing a 43.91 % increase from the 52 week low of $ 114.18 and a 8.71 % decrease over the 52 week high of $ 180.00.
The company has a market capital of $ 69.02 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Analyst recommendations
- On 16th September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 175.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.20 per share on August 6, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Conference Call
Crown Castle International Corporation will be hosting a conference call at 10:30 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.crowncastle.com
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 75,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.
