Free Research Report as Crown Castle’s Q1 AFFO per Share Beat Forecasts

Stock Monitor: Iridium Communications Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 02, 2018 / Active-Investors.com has just released a free earnings report on Crown Castle International Corp. (REIT) (NYSE: CCI) (“Crown Castle”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CCI. The Company posted its financial results on April 18, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company’s adjusted funds from operations (AFFO) per share grew on a y-o-y basis, outperforming market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Iridium Communications Inc. (NASDAQ: IRDM), which also belongs to the Technology sector as the Company Crown Castle Intl. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=IRDM

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Crown Castle International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CCI

Earnings Highlights and Summary

During Q1 FY18, Crown Castle’s total revenues rose to $1.30 billion from $1.02 billion in Q1 FY17. However, the Company’s total revenue numbers missed market consensus estimates of $1.31 billion. The Company generated $1.15 billion of revenues from site rental in Q1 FY18 compared to $857 million in the year ago same period. Furthermore, the Company’s network services and other revenues were $146 million during Q1 FY18 versus $159 million in Q1 FY17.

The operator of wireless communications towers reported a net income attributable to common stockholders of $86 million, or $0.21 per diluted share, in Q1 FY18 compared to $119 million, or $0.33 per diluted share, in Q1 FY17. The Company’s AFFO stood at $558 million, or $1.36 per diluted share, during Q1 FY18 compared to $450 million, or $1.24 per diluted share, in Q1 FY17. Meanwhile, Wall Street had expected the Company to report AFFO of $1.34 per diluted share.

Earnings Metrics

The Houston, Texas-based Company’s total operating expenses increased to $950 million in Q1 FY18 from $761 million in Q1 FY17. For Q1 FY18, the Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $763 million compared to $581 million in Q1 FY17. The Company’s operating income came in at $349 million in Q1 FY18 versus $255 million in the previous year’s comparable quarter.

Cash Matters and Balance Sheet

For Q1 FY18, the Company’s cash flow from operations increased to $452 million from $442 million in Q1 FY17. As on March 31, 2018, Crown Castle reported cash, cash equivalents, and restricted cash balance of $345 million compared to $325 million as on March 31, 2017. The Company’s total net debt balance was $15.64 billion at the end of Q1 FY18, with net debt to last quarter annualized adjusted EBITDA ratio of 5.1x.

Outlook

In its guidance for FY18, Crown Castle’s management expects diluted site rental revenues to be in the range of $4.64 billion to $4.68 billion. The Company’s net income is anticipated to be between $589 million and $669 million for the full year FY18. The Company has anticipated adjusted EBITDA to be in the band of $3.10 billion to $3.14 billion, while AFFO is forecasted to be between $2.26 billion and $2.30 billion for FY18.

For Q2 FY18, the Company’s site rental revenues are anticipated to be in the range of $1.15 billion to $1.16 billion. The Company’s net income is expected to between $139 million to $164 million for the upcoming quarter. The Company’s adjusted EBITDA is forecasted to be in the band of $757 million and $767 million for Q2 FY18. Furthermore, the Company’s AFFO is projected to be in the range of $539 million to $549 million in Q2 FY18.

Stock Performance Snapshot

May 01, 2018 – At Tuesday’s closing bell, Crown Castle International’s stock marginally dropped 0.01%, ending the trading session at $100.86.

Volume traded for the day: 3.71 million shares, which was above the 3-month average volume of 3.12 million shares.

Stock performance in the past twelve-month period – up 6.52%

After yesterday’s close, Crown Castle International’s market cap was at $43.45 billion.

Price to Earnings (P/E) ratio was at 106.96.

The stock has a dividend yield of 4.16%.

The stock is part of the Technology sector, categorized under the Diversified Communication Services industry. This sector was up 0.8% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the ”Author”) and is fact checked and reviewed by a third-party research service company (the ”Reviewer”) represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ”Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 498268