- Boost in Adjusted EBITDA Guidance: Crown Castle revises its adjusted EBITDA guidance to a range of $4.14 billion to $4.19 billion.
- Funds From Operations (FFO): FFO is expected to be between $2.86 billion to $2.89 billion, down from the earlier estimate of $2.95 billion to $3.00 billion.
- Adjusted Funds From Operations (AFFO) per Share: AFFO per share is now projected to be between $6.91 to $7.02, in line with the estimate of $6.92.
- Overall AFFO: AFFO is forecasted to be in the range of $3.01 billion to $3.06 billion, compared to the previous estimate range of $2.98 billion to $3.03 billion.
- Site Rental Revenues: Site rental revenues are now estimated to be between $6.32 billion to $6.36 billion, down from the earlier range of $6.35 billion to $6.39 billion.
- Operational Review and Changes: Crown Castle has completed its operational review of the Fiber segment and is implementing changes to its operating plans.
- Capital Expenditure Reductions: Plans to cut capital expenditures on lower-return opportunities in 2024 by $275 million to $325 million.
- Staff Reductions: The company is reducing staffing levels by more than 10% and closing select offices, aiming for about $100 million in annualized run-rate operating cost savings.
- Gross Capital Expenditures Reduction: The Fiber segment will see a $275 million to $325 million reduction in gross capital expenditures in 2024.
- Strategic Review of Fiber Segment: The strategic review of the Fiber segment remains ongoing, with third-party engagement.
- Stock Ratings: Crown Castle currently has 7 buys, 13 holds, and 2 sells from analysts.
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A look at Crown Castle Intl Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have provided an overall outlook for Crown Castle Intl based on their Smart Scores. With a high Dividend score of 5, investors can expect strong dividend payouts from the company. This indicates stability and potential for steady income over the long term. Additionally, the Growth score of 4 suggests that Crown Castle Intl has promising prospects for expansion and development in the future. Combined with a moderate Momentum score of 3, the company’s performance is expected to continue in a positive direction.
Despite lower scores in Value and Resilience at 2 each, Crown Castle Intl remains a key player in the real estate investment trust sector. The company owns and operates towers and infrastructure for wireless communications, providing coverage in the United States and Australia. With a solid Dividend and Growth outlook, investors may find Crown Castle Intl to be an attractive long-term investment option in the ever-evolving telecommunications industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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