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CROWN CASTLE INTERNATIONAL CORP.

(CCI)
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Crown Castle: Q3 Earnings Snapshot

10/20/2021 | 04:42pm EST

HOUSTON (AP) _ Crown Castle International Corp. (CCI) on Wednesday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations.

The real estate investment trust, based in Houston, said it had funds from operations of $767 million, or $1.77 per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.72 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $351 million, or 81 cents per share.

The operator of wireless communications towers, based in Houston, posted revenue of $1.62 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.61 billion.

Crown Castle expects full-year funds from operations in the range of $6.78 to $6.89 per share.

The company's shares have climbed almost 10% since the beginning of the year, while the S&P's 500 index has increased 21%. In the final minutes of trading on Wednesday, shares hit $175, a climb of slightly more than 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCI at https://www.zacks.com/ap/CCI

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on CROWN CASTLE INTERNATIONAL CORP.
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Financials (USD)
Sales 2021 6 315 M - -
Net income 2021 1 121 M - -
Net Debt 2021 20 132 M - -
P/E ratio 2021 70,7x
Yield 2021 2,98%
Capitalization 79 309 M 79 309 M -
EV / Sales 2021 15,7x
EV / Sales 2022 15,0x
Nbr of Employees 4 900
Free-Float 99,5%
Chart CROWN CASTLE INTERNATIONAL CORP.
Duration : Period :
Crown Castle International Corp. Technical Analysis Chart | CCI | US22822V1017 | MarketScreener
Technical analysis trends CROWN CASTLE INTERNATIONAL CORP.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 183,50 $
Average target price 193,67 $
Spread / Average Target 5,54%
EPS Revisions
Managers and Directors
Jay A. Brown President, Chief Executive Officer & Director
Daniel K. Schlanger Chief Financial Officer & Executive Vice President
J. Landis Martin Chairman
Robert P. Bartolo Independent Director
Langenfeld Cynthia Christy Independent Director
Sector and Competitors