Crown Castle's telecommunication infrastructure assets are important to 5G and AI applications with great growth potential. Crown Castle has gone through major churns in 2024. It looks ready for recovery and to join the current REIT rally. CCI pays a dividend of 5.72% and has a good track record of growing dividends. It is a large-cap equity REIT stock that can be considered as a long holding.
Crown (CCK) reported earnings 30 days ago. What's next for the stock?
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Why 6%-Yielding Crown Castle Is A Top REIT Pick
TORONTO, ON / ACCESSWIRE / August 1, 2024 / Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQB:SGNLF) is pleased to announce that it has received the Crown Land Lease and Licence Letter of Offer ("Letter of Offer") for the Goldboro Project, shortly after receiving its Mineral Lease, as announced by the Company on July 29 2024. The Letter of Offer covers the Crown Land surface area associated with the proposed site infrastructure for the Goldboro Project and includes a total of 2,165 hectares of Crown Lands.
Crown Holdings, Inc. (NYSE:CCK ) Q2 2024 Earnings Conference Call July 23, 2024 9:00 AM ET Company Participants Timothy Donahue - President and CEO Kevin Clothier - SVP and CFO Conference Call Participants Chris Parkinson - Wolfe Research Phil Ng - Jefferies George Staphos - Bank of America Bryan Bergmeyer - Citi Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Mike Leithead - Barclays Adam Samuelson - Goldman Sachs Jeff Zekauskas - JPMorgan Stefan Diaz - Morgan Stanley Gabe Hajde - Wells Fargo Securities Mike Roxland - Truist Securities Edlain Rodriguez - Mizuho Operator Good morning and welcome to Crown Holdings Second Quarter 2024 Conference Call. [Operator Instructions] Please be advised that this conference is being recorded.
Crown Holdings (CCK) expects an adjusted EPS of $6.00-$6.25 for 2024.
Crown Holdings reported higher-than-expected earnings per share and adjusted earnings per share for the second quarter of 2024. Despite a decline in revenue, the company's profitability metrics improved, including an increase in net income and adjusted earnings per share. Management raised earnings guidance for 2024, sending shares up about 5.9% in after-hours trading. CCK remains attractively priced relative to similar enterprises.
While the top- and bottom-line numbers for Crown (CCK) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Crown Holdings (CCK) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.68 per share a year ago.
Crown Castle Inc. CCI posted weak results for its second quarter on Wednesday.