Crown Castle (CCI) Declares $1.05 Quarterly Dividend; 4.1% Yield
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October 18, 2017 4:21 PM EDT
Crown Castle (NYSE: CCI) reported Q3 EPS of $0.21, $0.03 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.07 billion.
GUIDANCE:
Crown Castle sees FY2018 revenue of $4.546-4.591 billion, versus the consensus of $4.45 billion.
HIGHLIGHTS FROM THE QUARTER
Site rental revenues. Site rental revenues grew approximately 10%, or $81 million, from third quarter 2016 to third quarter 2017, inclusive of approximately $41 million in Organic Contribution to Site Rental Revenues plus $52 million in contributions from acquisitions and other items, less a $12 million reduction in...
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October 18, 2017 10:58 AM EDT
Analyst Brandon Nispel tells client mid-morning that the Softbank deal with Lendlease to create JV is no competitive to the tower operators' primary business. The analyst comments "Softbank's JV is likely to focus on rooftop sites, which generally are in dense urban markets, whereas the tower businesses generate the... More
October 18, 2017 9:41 AM EDT
(Updated - October 18, 2017 9:46 AM EDT)
(updated to add tickers of related stocks)
Analyst Jennifer Fritzsche notes Softbank and Lendlease announced a JV to purchase 8K cellular site in the US noting the agreement is more about Sprint Corp. (NYSE: S)... More
