Market Update (NYSE:CCI): Crown Castle Declares Quarterly Preferred Stock Dividend

[GlobeNewswire] – HOUSTON, March 23, 2016– Crown Castle International Corp. announced today that the quarterly dividend on its 4.50% Mandatory Convertible Preferred Stock will be paid on May 2, 2016 to holders of record … Read more on this. Crown Castle International Corp. (CCI) , valued at $28.53B, opened at $86.10. Today, shares have traded between $85.60 and $86.21 per share with the price of the stock fluctuating between $75.71 to $88.46 over the last 52 weeks. CCI shares are currently priced at 18.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 17.90x earnings multiple for the same period. The company pays shareholders $3.54 per share in dividend income per year, for a current yield of 4.12%. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $1.14 per share, which would be $0.01 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.67 would be a $0.37 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $934.86 Million. If realized, that would be a 0.65% decrease over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated CCI at Buy (Feb 25, 2016). Previously, Deutsche Bank Initiated CCI at to Buy. The average price target for CCI shares by the analysts covering the stock is $95.78, which is 11.24% above where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Company Update (NYSE:CCI): Crown Castle Declares Quarterly Common Stock Dividend Market Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle Declares Quarterly Preferred Stock Dividend Stock Update (NYSE:CCI): Crown Castle Declares Quarterly Common Stock Dividend