Crown Castle (NYSE:CCI) Issues FY 2026 Earnings Guidance
by Michael Walen · The Markets DailyCrown Castle (NYSE:CCI – Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.380-4.490 for the period, compared to the consensus EPS estimate of 3.150. The company issued revenue guidance of -.
Crown Castle Stock Performance
Shares of Crown Castle stock traded up $1.00 during midday trading on Wednesday, hitting $85.92. The company had a trading volume of 2,916,848 shares, compared to its average volume of 3,335,832. The company has a 50 day moving average of $86.15 and a 200 day moving average of $88.64. Crown Castle has a 52-week low of $75.96 and a 52-week high of $115.76. The stock has a market capitalization of $37.49 billion, a P/E ratio of 85.07, a P/E/G ratio of 0.44 and a beta of 0.94.
Crown Castle (NYSE:CCI – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.34 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.13). Crown Castle had a net margin of 10.41% and a negative return on equity of 76.56%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $995.42 million. Crown Castle has set its FY 2026 guidance at 4.380-4.490 EPS. Equities research analysts forecast that Crown Castle will post 4.23 EPS for the current year.
Crown Castle Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $1.0625 per share. This represents a $4.25 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, March 13th. Crown Castle’s dividend payout ratio is presently 420.79%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. HSBC lowered their price target on Crown Castle from $107.00 to $88.40 and set a “hold” rating on the stock in a report on Thursday, February 5th. JPMorgan Chase & Co. decreased their target price on Crown Castle from $110.00 to $95.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $85.00 target price (down from $90.00) on shares of Crown Castle in a report on Monday, March 23rd. Sanford C. Bernstein initiated coverage on Crown Castle in a report on Thursday, March 5th. They issued an “outperform” rating and a $102.00 target price on the stock. Finally, Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They issued a “hold” rating and a $90.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.86.
View Our Latest Analysis on Crown Castle
Insider Activity at Crown Castle
In other Crown Castle news, EVP Edward B. Adams, Jr. sold 4,650 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $86.34, for a total transaction of $401,481.00. Following the completion of the transaction, the executive vice president owned 25,183 shares in the company, valued at $2,174,300.22. The trade was a 15.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Sean Collins sold 3,000 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $87.49, for a total value of $262,470.00. Following the sale, the vice president owned 5,800 shares of the company’s stock, valued at approximately $507,442. This represents a 34.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Crown Castle
Large investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT increased its position in shares of Crown Castle by 873.6% during the fourth quarter. Zions Bancorporation National Association UT now owns 2,473 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 2,219 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of Crown Castle by 70.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,859 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 769 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Crown Castle by 36.3% during the fourth quarter. Colonial Trust Co SC now owns 1,903 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 507 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Crown Castle during the fourth quarter worth $157,000. Finally, Caption Management LLC increased its position in shares of Crown Castle by 101.9% during the fourth quarter. Caption Management LLC now owns 1,700 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 92,400 shares in the last quarter. 90.77% of the stock is owned by institutional investors and hedge funds.
About Crown Castle
Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.
Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.