Crown Castle International (CCI) Lags In After-Hours Trading

Trade-Ideas LLC identified Crown Castle International (CCI) as a post-market laggard candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Crown Castle International

(

CCI

) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Crown Castle International as such a stock due to the following factors:

  • CCI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $203.2 million.
  • CCI is down 4.6% today from today's close.

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More details on CCI:

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The stock currently has a dividend yield of 4%. CCI has a PE ratio of 57. Currently there are 7 analysts that rate Crown Castle International a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Crown Castle International has been 2.3 million shares per day over the past 30 days. Crown Castle International has a market cap of $29.3 billion and is part of the technology sector and telecommunications industry. The stock has a beta of 0.30 and a short float of 2.9% with 4.00 days to cover. Shares are up 11.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Crown Castle International as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • CROWN CASTLE INTL CORP has improved earnings per share by 7.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CROWN CASTLE INTL CORP increased its bottom line by earning $0.96 versus $0.28 in the prior year. This year, the market expects an improvement in earnings ($4.35 versus $0.96).
  • Despite its growing revenue, the company underperformed as compared with the industry average of 6.2%. Since the same quarter one year prior, revenues slightly increased by 2.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The gross profit margin for CROWN CASTLE INTL CORP is rather high; currently it is at 63.64%. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, CCI's net profit margin of 11.30% significantly trails the industry average.
  • After a year of stock price fluctuations, the net result is that CCI's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that the other strengths this company displays justify these higher price levels.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, CROWN CASTLE INTL CORP's return on equity is below that of both the industry average and the S&P 500.

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