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Last $83.12 USD
Change Today -0.05 / -0.06%
Volume 1.7M
CCI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

crown castle intl corp (CCI) Snapshot

Open
$83.44
Previous Close
$83.17
Day High
$83.52
Day Low
$82.95
52 Week High
02/17/15 - $89.44
52 Week Low
06/18/14 - $72.43
Market Cap
27.7B
Average Volume 10 Days
2.3M
EPS TTM
$1.31
Shares Outstanding
333.8M
EX-Date
03/18/15
P/E TM
63.6x
Dividend
$3.28
Dividend Yield
2.82%
Current Stock Chart for CROWN CASTLE INTL CORP (CCI)

crown castle intl corp (CCI) Related Businessweek News

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crown castle intl corp (CCI) Details

Crown Castle International Corp., together with its subsidiaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells). It provides access, including space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, including license, sublease, and lease agreements. In addition, the company offers network services relating to wireless infrastructure, primarily consisting of antenna installations or subsequent augmentations, as well as site development services relating to wireless infrastructure. As of December 31, 2013, it owned, leased, or managed approximately 39,600 towers in the United States, including Puerto Rico; and approximately 1,700 towers in Australia. The company was founded in 1994 and is headquartered in Houston, Texas.

2,400 Employees
Last Reported Date: 02/19/15
Founded in 1994

crown castle intl corp (CCI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $934.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $489.9K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $487.4K
Executive Vice President and General Counsel
Total Annual Compensation: $450.0K
Chief Commercial Officer and Senior Vice Pres...
Total Annual Compensation: $416.3K
Compensation as of Fiscal Year 2014.

crown castle intl corp (CCI) Key Developments

Crown Castle International Corp. Prices $1.0 Billion in Senior Secured Tower Revenue Notes Offering

Crown Castle International Corp. announced that it has priced $1.0 billion of Senior Secured Tower Revenue Notes which will be issued by certain of its indirect subsidiaries in a private transaction as additional debt securities under the existing Indenture dated as of June 1, 2005, as amended and supplemented ("Indenture"), pursuant to which the Senior Secured Tower Revenue Notes, Series 2010-2, Series 2010-3, Series 2010-4 ("2010-4 Notes"), Series 2010-5 and Series 2010-6, were issued. The Offered Notes consist of two classes of Notes, both of which are expected to be rated investment grade. The Class C-2022 Notes consist of $300 million of 3.222% Notes and have an expected life of seven years with a final maturity date in May 2042. The Class C-2025 Notes consist of $700 million of 3.663% Notes and have an expected life of ten years with a final maturity date in May 2045. The Offered Notes were priced at par. The Offered Notes have a weighted average expected life of 9.1 years with a weighted average coupon of 3.531%. Crown Castle expects to use the net proceeds received from this offering to retire the 2010-4 Notes, pay fees and expenses related to the offering of the Offered Notes and the retirement of the 2010-4 Notes and for general corporate purposes. Crown Castle expects the offering of the Offered Notes to close on or about May 15, 2015.

Crown Castle Announces Potential Subsidiary Notes Offering

Crown Castle International Corp. announced that certain of its indirect subsidiaries intend to offer, in a private transaction and subject to market conditions, an amount to be determined of Senior Secured Tower Revenue Notes as additional debt securities under the existing Indenture dated as of June 1, 2005, as amended and supplemented, pursuant to which the Senior Secured Tower Revenue Notes, Series 2010-2, Series 2010-3, Series 2010-4, Series 2010-5 and Series 2010-6 ("Series 2010 Notes"), were issued. The subsidiaries expected to issue the Offered Notes are special purpose entities that are the current issuers under the Indenture and that hold over a quarter of the U.S., including Puerto Rico, towers of Crown Castle. Crown Castle expects that any Offered Notes issued will be rated investment grade. The servicing and repayment of any such Offered Notes are expected to be made solely from the cash flow from the operation of the U.S. towers that are part of the transaction.

Crown Castle International Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Provides Earnings Guidance for the Year 2015

Crown Castle International Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $125.1 million against $102.8 million a year ago. FFO was $373.1 million against $337.7 million a year ago. FFO per share was $1.12 against $1.01 per share a year ago. AFFO was $383.3 million against $348.7 million a year ago. AFFO per share was $1.15 against $1.05 per share a year ago. Net revenues were $941,001,000 against $875,950,000 a year ago. Operating income was $262,954,000 against $251,568,000 a year ago. Income before income taxes was $128,394,000 against $102,605,000 a year ago. Net income attributable to company stockholders was $122,787,000 against $101,497,000 a year ago. Net income attributable to common stockholders was $111,790,000 against $90,500,000 a year ago. Net income per share basic and diluted attributable to company common stockholders was $0.34 against $0.27 per share a year ago. Net cash provided by operating activities was $460,794,000 against $362,283,000 a year ago. Capital expenditures were $204,753,000 against $142,943,000 a year ago. Adjusted EBITDA for the first quarter of 2015 increased $27 million, or 5%, to $554 million from $527 million in the same period in 2014. For the second quarter of 2015, the company expects adjusted EBITDA of range between $531 million to $536 million. FFO of range between $352 million to $357 million. AFFO of range between $348 million to $353 million. AFFO per share of $1.04 to $1.06 per share. Net income of range between $92 million to $125 million. Net income per share diluted of $0.28 to $0.37 per share. Net income attributable to company common stockholders of $80 million to $117 million. Net income attributable to company common stockholders per share diluted of $0.24 to $0.35 per share. For the year 2015, the company expects adjusted EBITDA of range between $2,145 million to $2,160 million. FFO of range between $1,439 million to $1,454 million. AFFO of range between $1,450 million to $1,465 million. AFFO per share of $4.34 to $4.39 per share. Net income of range between $419 million to $498 million. Net income per share diluted of $1.26 to $1.49 per share. Net income attributable to company common stockholders of $381 million to $467 million. Net income attributable to company common stockholders per share diluted of $1.14 to $1.40 per share.

 

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Industry Analysis

CCI

Industry Average

Valuation CCI Industry Range
Price/Earnings 75.4x
Price/Sales 7.4x
Price/Book 4.2x
Price/Cash Flow 19.4x
TEV/Sales 4.1x
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