Crown Castle International Corp. (CCI) expanding its growth trajectory ahead

Crown Castle International Corp. (NYSE: CCI) stock fell -0.08% on Friday to $178.35 against a previous-day closing price of $178.50. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.67 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $179.59 whereas the lowest price it dropped to was $177.30. The 52-week range on CCI shows that it touched its highest point at $209.87 and its lowest point at $153.70 during that stretch. It currently has a 1-year price target of $196.72. With its current market cap of 74.18 billion, CCI has annualized dividend of $5.88 while the current yield stands at 3.30%. Beta for the stock currently stands at 0.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCI was down-trending over the past week, with a drop of -1.58%, but this was up by 3.83% over a month. Three-month performance dropped to -3.30% while six-month performance fell -3.07%. The stock lost -8.60% in the past year, while it has lost -14.56% so far this year. A look at the trailing 12-month EPS for CCI yields 3.56 with Next year EPS estimates of 3.94. For the next quarter, that number is 0.97. This implies an EPS growth rate of 13.50% for this year and 1.55% for next year. EPS is expected to grow by 13.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.90%.

Float and Shares Shorts:

At present, 433.00 million CCI shares are outstanding with a float of 430.72 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.28 million, which was 1.22% higher than short shares on Jun 14, 2022. In addition to Mr. Jay A. Brown as the firm’s Pres, CEO & Director, Mr. Daniel K. Schlanger serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 92.32% of CCI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.90% of CCI, in contrast to 38.54% held by mutual funds. Shares owned by individuals account for 0.80%. As the largest shareholder in CCI with 12.69% of the stake, The Vanguard Group, Inc. holds 54,964,995 shares worth 54,964,995. A second-largest stockholder of CCI, BlackRock Fund Advisors, holds 22,372,926 shares, controlling over 5.17% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CCI, holding 20,925,592 shares or 4.83% stake. With a 4.59% stake in CCI, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 19,888,284 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.95% of CCI stock, is the second-largest Mutual Fund holder. It holds 12,769,139 shares valued at 2.15 billion. American Funds Capital Income Bui holds 2.90% of the stake in CCI, owning 12,536,214 shares worth 2.11 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, CCI reported revenue of $1.73B and operating income of $603.00M. Over the past year, revenue came in at $6.75B while operating income stood at $2.26B. It generated $421.00M net income for the quarter, which came to $1.54B over the last twelve months. The EBITDA in the recently reported quarter was $1.02B and diluted EPS was $0.97. EBITDA for the full year was $3.95B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCI since 20 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCI analysts setting a high price target of $230.00 and a low target of $162.00, the average target price over the next 12 months is $196.72. Based on these targets, CCI could surge 28.96% to reach the target high and fall by -9.17% to reach the target low. Reaching the average price target will result in a growth of 10.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CCI will report FY 2022 earnings on 01/25/2023. Analysts have provided yearly estimates in a range of $3.97 being high and $3.80 being low. For CCI, this leads to a yearly average estimate of $3.89. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Crown Castle International Corp. surprised analysts by $0.01 when it reported $0.97 EPS against a consensus estimate of $0.96. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $1.02 and the low estimate is $0.92. The average estimate for the next quarter is thus $0.98.

Summary of Insider Activity:

Insiders traded CCI stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 347 shares were bought while 0 shares were sold. The number of buy transactions has increased to 60 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 331,176 while 153,719 shares were sold.

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