Crown Castle Inc.

CCI

US22822V1017

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-30 pm EDT			After market 06:07:53 pm
93.78 ^USD	-1.62%		94.4	+0.66%

Apr. 29	SBA Communications cuts annual revenue outlook on slowing wireless carrier activity	RE
Apr. 25	Juniper misses revenue estimates on weak networking gear demand	RE

Crown Castle Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 17, 2024 at 04:18 pm EDT

Crown Castle Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,588 million compared to USD 1,624 million a year ago. Revenue was USD 1,641 million compared to USD 1,773 million a year ago.

Net income was USD 311 million compared to USD 418 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.97 a year ago.

Latest news about Crown Castle Inc.

SBA Communications cuts annual revenue outlook on slowing wireless carrier activity	Apr. 29	RE
Juniper misses revenue estimates on weak networking gear demand	Apr. 25	RE
Crown Castle Sends a Letter to its Shareholders	Apr. 25	CI
Crown Castle Solicits Proxies from Shareholders	Apr. 24	CI
Boots Capital Management Files Definitive Proxy Materials with Securities and Exchange Commission	Apr. 22	CI
Boots Capital Solicits Proxies from Shareholders of Crown Castle	Apr. 22	CI
Barclays Adjusts Crown Castle's Price Target to $112 From $111	Apr. 22	MT
Deutsche Bank Trims Crown Castle Price Target to $109 From $110	Apr. 22	MT
North American Morning Briefing : Stock Futures -2-	Apr. 22	DJ
Boots Capital Provides Information to the Shareholders	Apr. 19	CI
Boots Capital Solicits Proxies from the Shareholders	Apr. 19	CI
Crown Castle Excludes CEO Steven Moskowitz From List of Director Nominees	Apr. 19	MT
Crown Castle Solicits Proxies from the Shareholders	Apr. 19	CI
Crown Castle Issues a Statement Regarding Boots Capital Management's Attempt	Apr. 19	CI
BofA Securities Adjusts Price Target on Crown Castle to $105 From $120, Maintains Neutral Rating	Apr. 19	MT
Argus Downgrades Crown Castle to Hold From Buy	Apr. 19	MT
Wells Fargo Lowers Crown Castle Price Target to $100 from $115	Apr. 18	MT
Citigroup Cuts Price Target on Crown Castle to $126 From $132	Apr. 18	MT
Jefferies & Co Adjusts Crown Castle Price Target to $123 From $126	Apr. 18	MT
BMO Capital Adjusts Crown Castle Price Target to $105 From $110	Apr. 18	MT
Scotiabank Adjusts Crown Castle's Price Target to $118 From $133	Apr. 18	MT
JPMorgan Adjusts Crown Castle's Price Target to $110 From $114, Keeps Neutral Rating	Apr. 18	MT
Crown Castle beats site rental revenue estimates on steady demand	Apr. 17	RE
Transcript : Crown Castle Inc., Q1 2024 Earnings Call, Apr 17, 2024	Apr. 17
Crown Castle's Q1 Adjusted Funds From Operations, Revenue Decline; 2024 AFFO Outlook Reaffirmed	Apr. 17	MT

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Company Profile

Crown Castle Inc. specializes in owning, managing and leasing shared wireless infrastructure. Net sales break down by activity as follows: - renting of spaces (93.6%): renting of spaces on towers and rooftops (more than 40,000 units owned at the end of 2023), distributed antenna systems (DAS; networks of antennas for the benefit of wireless carriers and connected by fiber to communication hubs designed to facilitate wireless communications) and on third party towers to wireless communications companies; - other (6.4%): primarily network services (antenna installation, architectural and engineering services, fiber installation, etc.).

Sector

Specialized REITs

Calendar

2024-05-22 - Annual General Meeting - Proxy Fight for Board Representation

Related indices

S&P 500

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Ratings for Crown Castle Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

93.78 USD

Average target price

112.1 USD

Spread / Average Target

+19.50%

Consensus

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Other Specialized REITs

Crown Castle Inc.

Equities

CCI

US22822V1017

Specialized REITs

Crown Castle Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

EPS Revisions