Stock Update (NYSE:CCI): Crown Castle Announces Second Quarter 2016 Earnings Release and Conference Call Schedule

[GlobeNewswire] – HOUSTON, July 06, 2016– Crown Castle International Corp. announced today that it plans to release its second quarter 2016 results on Thursday, July 21, 2016, after the market closes. In conjunction with … Read more on this. Crown Castle International Corp. (CCI) , with a current market cap of $34.34B, started the session at $102.38. A quick look at the market, the company’s stock traded between $101.23 and $102.82 with a trailing 52-week range being $75.71 to $102.82. Crown Castle (CCI) shares are currently priced at 21.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.29x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 12 sell-side analysts are looking at $1.16 per share, which would be $0.13 better than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.72 would be a $0.42 improvement 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 $947.66 Million. If realized, that would be a 5.36% increase over the year-ago quarter. More recently, Sun Trust Rbsn Humphrey Initiated CCI at Buy (Feb 25, 2016). Previously, Deutsche Bank Initiated CCI at to Buy. When considering if the stock is under or overvalued, the average price target is $96.75, which is 5.50% below where the stock opened this morning. See more in (NYSE:CCI) Similar Articles: Company Update: Crown Castle International Corp (NYSE:CCI) – Crown Castle to Present at the Stifel 2016 Technology, Internet & Media Conference Market Update (NYSE:CCI): Crown Castle Announces First Quarter 2016 Earnings Release and Conference Call Schedule Market Update (NYSE:CCI): Crown Castle Announces Fourth Quarter 2015 Earnings Release and Conference Call Schedule
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