Crown Castle Inc. (CCI)
- Previous Close
94.21 - Open
94.37 - Bid 93.40 x 900
- Ask 93.63 x 800
- Day's Range
93.50 - 95.41 - 52 Week Range
84.72 - 123.31 - Volume
2,693,392 - Avg. Volume
2,818,230 - Market Cap (intraday)
40.707B - Beta (5Y Monthly) 0.75
- PE Ratio (TTM)
29.24 - EPS (TTM)
3.20 - Earnings Date Jul 17, 2024 - Jul 22, 2024
- Forward Dividend & Yield 6.26 (6.69%)
- Ex-Dividend Date Mar 14, 2024
- 1y Target Est
111.47
Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 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.
www.crowncastle.comRecent News: CCI
Performance Overview: CCI
Trailing total returns as of 4/26/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: CCI
Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Statistics: CCI
Valuation Measures
Market Cap
40.71B
Enterprise Value
69.71B
Trailing P/E
29.24
Forward P/E
19.46
PEG Ratio (5yr expected)
5.73
Price/Sales (ttm)
5.93
Price/Book (mrq)
6.73
Enterprise Value/Revenue
10.18
Enterprise Value/EBITDA
17.31
Financial Highlights
Profitability and Income Statement
Profit Margin
20.37%
Return on Assets (ttm)
3.91%
Return on Equity (ttm)
21.02%
Revenue (ttm)
6.85B
Net Income Avi to Common (ttm)
1.4B
Diluted EPS (ttm)
3.20
Balance Sheet and Cash Flow
Total Cash (mrq)
125M
Total Debt/Equity (mrq)
481.55%
Levered Free Cash Flow (ttm)
1.53B
Research Analysis: CCI
Company Insights: CCI
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: CCI
Morningstar | A Weekly Summary of Stock Ideas and Developments in the Companies We Cover
In this edition, rental equipment companies haven't dug moats yet; homeowners are repairing remodel spending numbers; GE Vernova might power through the gap between position and performance; and Santos, Crown Castle, and Melrose Industries.
Analyst Report: Crown Castle Inc.
Crown Castle is a communications infrastructure REIT that owns and leases 40,000 towers, 115,000 small cells, and 85,000 route miles of fiber. The company has both single-tenant and colocation towers, and operations in 49 states. While organic growth continues to be driven by tower revenue, the company added about 8,000 new small cell nodes in 2023. Small cells are comprised of a series of smaller, lower-power antennas, and may be built either indoors or outdoors. They are able to boost wireless coverage in congested regions and extend coverage to hard-to-reach areas. In 2023, the Tower segment generated about 68% of revenue with Fiber accounting for about one-third. Within each segment, annual site rental revenues account for about 95% of revenues and service fees for the remainder. About three-quarters of CCI's tower tenants are large cell phone carriers, with T-Mobile accounting for 36% of site revenues, and AT&T and Verizon 19% each.The company focuses on long-term lease agreements. The weighted-average remaining lease term is about six years, and the average number of tenants per tower is 2.5. About 40% of tower locations are land owned by CCI. Activist investment firm, Elliot Investment Management, has called for a change in the board and top management, resulting in a strategic review of fiber operations and the appointment of several new independent board members. The company is based in Houston and has about 5,000 employees. CCI has a market cap of $40.5 billion and is part of the S&P 500.
RatingPrice TargetMarket Digest: CCI, JBHT, KEY
U.S. stocks finished mostly lower on Thursday. On the housing front, sales of existing homes declined 4.3% in March to a seasonally adjusted annual rate of 4.19 million, just ahead of estimates of 4.17 million. The median home sales price was $393,000, which is 4.8% higher than a year ago and marks the ninth consecutive month of year-on-year increases. The average 30-year mortgage rate rose above 7%. The Conference Board's Leading Economic Index slipped 0.3%, which was below expectations of a 0.1% decline and follows a 0.2% advance in February. Negative factors for the index were a weaker consumer outlook on business conditions, and a decrease in new orders and building permits -- which more than offset positive contributions from gains in equities and credit conditions. The S&P 500 fell about 0.2%, the Dow closed just above the flat line and the Nasdaq dropped 0.5%
Analyst Report: Crown Castle Inc.
Crown Castle International owns and leases roughly 40,000 cell towers in the United States. It also owns more than 85,000 route miles of fiber. It leases space on its towers to wireless service providers, which install equipment on the towers to support their wireless networks. The company’s fiber is primarily leased by wireless service providers to set up small-cell network infrastructure and by enterprises for their internal connection needs. Crown Castle’s towers and fiber are predominantly located in the largest U.S. cities. The company has a very concentrated customer base, with about 75% of its revenue coming from the big three U.S. mobile carriers. Crown Castle operates as a real estate investment trust.
RatingPrice Target