Crown Holdings(CCK)

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Crown Castle Reduces Dividend by 32.1%: What You Should Know
ZACKS· 2025-05-22 19:01
Core Viewpoint - Crown Castle (CCI) has announced a significant reduction in its quarterly cash dividend, reflecting a strategic move to enhance financial flexibility and free cash flow generation amid ongoing changes in its Fiber segment [1][2]. Dividend Announcement - The board of directors declared a quarterly cash dividend of $1.0625 per share, which is a 32.1% decrease from the previous payout of $1.565 per share [1]. - The new dividend will be paid on June 30, 2025, to shareholders of record as of June 12, 2025 [1]. Financial Implications - The annualized dividend payout at the new rate amounts to $4.25 per share, resulting in an annualized yield of 4.19% based on the stock's closing price of $101.52 on May 21, 2025 [2]. - This reduction in dividend is part of the company's strategy to improve free cash flow and financial flexibility, particularly in light of the Fiber segment sale [2]. Historical Context - Crown Castle has only increased its dividend three times in the last five years, raising concerns about the sustainability of its dividend payments [4]. - The company’s shares have gained 9.6% over the past three months, contrasting with a 2% decline in the industry [4]. Comparative Analysis - Other REITs such as VICI Properties and W.P. Carey are highlighted as better-ranked stocks within the sector, with Zacks Rank 2 (Buy) [5]. - The consensus estimate for VICI's 2025 FFO per share has increased to $2.34, while WPC's estimate has been revised upward by 1% to $4.88 [5].
Crown Castle to Present at Nareit's REITweek: 2025 Investor Conference
GlobeNewswire News Room· 2025-05-21 20:15
Company Announcement - Crown Castle Inc. will have a presentation at Nareit's REITweek: 2025 Investor Conference on June 4, 2025, at 2:45 p.m. Eastern Time [1] - The presentation will be led by Dan Schlanger, Interim President and CEO, and Sunit Patel, Executive Vice President and CFO, and is expected to last approximately 30 minutes [1] - The live audio webcast will be available on Crown Castle's website and archived for 30 days for replay [1] Company Overview - Crown Castle owns, operates, and leases over 40,000 cell towers and approximately 90,000 route miles of fiber across major U.S. markets [2] - The company's infrastructure connects cities and communities to essential data, technology, and wireless services [2] - Crown Castle's portfolio supports small cells and fiber solutions, facilitating the flow of information, ideas, and innovations [2]
Crown Holdings (CCK) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-05-21 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Are Industrial Products Stocks Lagging Ardagh Metal Packaging (AMBP) This Year?
ZACKS· 2025-05-19 14:45
Company Overview - Ardagh Metal Packaging S.A. is part of the Industrial Products sector, which consists of 190 individual stocks and currently holds a Zacks Sector Rank of 9, indicating its relative strength among sectors [2] - The company is classified under the Metal Products - Procurement and Fabrication industry, which includes 9 companies and is ranked 77 in the Zacks Industry Rank [6] Performance Metrics - Year-to-date, Ardagh Metal Packaging S.A. has increased by approximately 28.9%, significantly outperforming the average gain of 0.4% in the Industrial Products group [4] - The Zacks Consensus Estimate for Ardagh's full-year earnings has risen by 1.7% over the past quarter, reflecting improved analyst sentiment and earnings outlook [4] Comparative Analysis - Another stock in the Industrial Products sector, Crown Holdings, has also shown strong performance with a year-to-date increase of 20.3% and a Zacks Rank of 2 (Buy) [5] - The Containers - Metal and Glass industry, where Crown Holdings operates, has gained 6.4% since the beginning of the year, ranking 30 among industries [7]
Crown Holdings, Inc. (CCK) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2025-05-13 14:15
Core Viewpoint - Crown Holdings (CCK) has experienced significant stock performance, with a 13.7% increase over the past month and an 18.3% rise since the beginning of the year, outperforming the Zacks Industrial Products sector and the Zacks Containers - Metal and Glass industry [1] Financial Performance - Crown Holdings reported an EPS of $1.67 in its last earnings report, exceeding the consensus estimate of $1.22, marking a strong record of positive earnings surprises over the last four quarters [2] - For the current fiscal year, Crown is projected to achieve earnings of $7.09 per share on revenues of $12.12 billion, reflecting a 10.61% increase in EPS and a 2.67% increase in revenues [3] - The next fiscal year forecasts earnings of $7.71 per share on $12.42 billion in revenues, indicating year-over-year changes of 8.69% and 2.54%, respectively [3] Valuation Metrics - Crown Holdings has a Value Score of B, with Growth and Momentum Scores of C and B, respectively, resulting in a combined VGM Score of B [6] - The stock trades at 13.8X current fiscal year EPS estimates, aligning with the peer industry average, and at 9.6X trailing cash flow, also matching the peer group's average [7] - The PEG ratio stands at 1.69, which does not position the company among the top tier from a value perspective [7] Zacks Rank - Crown Holdings holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The combination of a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B suggests that Crown shares may have potential for further gains [8]
What Makes Crown Holdings (CCK) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-05-05 17:05
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Crown Holdings(CCK) - 2025 Q1 - Quarterly Report
2025-05-02 19:28
Financial Performance - Net sales for the three months ended March 31, 2025, increased to $2,887 million, up from $2,784 million in 2024, primarily due to higher beverage can volumes and the pass-through of higher material costs[130]. - The Americas Beverage segment reported net sales of $1,320 million for Q1 2025, a 8% increase from $1,222 million in Q1 2024, with segment income rising to $236 million from $189 million[133]. - The European Beverage segment achieved net sales of $512 million in Q1 2025, up 6% from $482 million in Q1 2024, with segment income increasing to $67 million from $51 million[137]. - The Asia Pacific segment maintained net sales of $279 million for both Q1 2025 and Q1 2024, with segment income rising to $47 million from $42 million due to improved manufacturing performance[142]. - The Transit Packaging segment's net sales decreased to $482 million in Q1 2025 from $520 million in Q1 2024, with segment income falling to $60 million from $68 million[147]. - Other segment net sales increased to $294 million in Q1 2025, up from $281 million in Q1 2024, with segment income rising significantly to $29 million from $8 million[150]. Cash Flow and Liquidity - Cash from operating activities improved from an outflow of $102 million in Q1 2024 to an inflow of $14 million in Q1 2025, driven by higher income from operations[160]. - Cash from financing activities decreased from an inflow of $9 million for the three months ended March 31, 2024, to an outflow of $153 million for the three months ended March 31, 2025, primarily due to $203 million of common stock repurchases[166]. - The Company utilizes cash flows from operations, borrowings under revolving credit facilities, and acceleration of cash receipts under receivables securitization and factoring programs to fund operations and capital expenditures[172]. - The Company expects to have sufficient liquidity to refinance or repay its senior notes at maturity[173]. Capital Expenditures and Commitments - The Company expects capital expenditures to be approximately $450 million in 2025, reflecting ongoing investments to meet market demand[163]. - The Company had approximately $84 million of capital commitments primarily related to Americas Beverage and European Beverage, expected to be funded through cash flows from operations[174]. Tax and Income - The effective income tax rate decreased to 16.9% for Q1 2025 from 29.9% in Q1 2024, primarily due to an income tax benefit of $22 million recorded in 2025[156]. - Net income attributable to noncontrolling interests increased from $26 million in Q1 2024 to $34 million in Q1 2025, mainly due to higher earnings in the beverage can operations in Brazil[158]. Debt and Financial Ratios - The Company's total net leverage ratio was 2.6 to 1.0 at March 31, 2025, in compliance with the covenant requiring a ratio no greater than 4.5 to 1.0[169]. - Long-term debt payments due in the next twelve months include $875 million of 4.75% senior notes and €500 million ($541 million) of 2.875% senior notes, both due in February 2026[173]. - The Company's revolving credit agreements provide a capacity of $1.65 billion, with available capacity of $1.62 billion as of March 31, 2025[167]. - A change of 0.25% in floating interest rates would change annual interest expense by approximately $8 million before tax, with $1.8 billion principal floating interest rate debt as of March 31, 2025[192]. - The Company's debt agreements contain covenants that limit the ability to incur additional debt, pay dividends, or repurchase capital stock, subject to certain exceptions[168].
Are Industrial Products Stocks Lagging Crown Holdings (CCK) This Year?
ZACKS· 2025-05-02 14:46
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Crown Holdings (CCK) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Crown Holdings is one of 190 companies in the Industrial Products group. The Industrial Products group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in ord ...
Crown Castle's Q1 AFFO Surpasses Estimates, Revenues Fall Y/Y
ZACKS· 2025-05-01 18:55
Core Insights - Crown Castle Inc. (CCI) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $1.10, exceeding the Zacks Consensus Estimate of $1.02, but reflecting a nearly 1% decline year over year [1] - The company maintained its 2025 guidance for AFFO per share in the range of $4.06-$4.17, while the Zacks Consensus Estimate stands at $4.47, above the projected range [6] Financial Performance - CCI's net revenues for the first quarter were $1.06 billion, surpassing the Zacks Consensus Estimate of $1.04 billion, but down 4.8% year over year [2] - Total site rental revenues decreased by 5.3% year over year to $1.01 billion, attributed to a $16 million decrease in amortization of prepaid rent and a $39 million decrease in straight-lined revenues [3] - Services and other revenues increased by 8.7% year over year to $50 million, exceeding the estimate of $44.4 million [4] - Adjusted EBITDA for the quarter was $722 million, down 4.2% year over year [4] Financial Position - As of March 31, 2025, CCI had cash and cash equivalents of $60 million, a decrease from $100 million as of December 31, 2024 [5] - Total debt and long-term obligations amounted to $22.87 billion, reflecting a 2.5% sequential decrease [5] Guidance and Outlook - CCI reaffirmed its site rental revenue guidance for 2025 to be between $3.987 billion and $4.032 billion, with adjusted EBITDA estimated in the range of $2.755-$2.805 billion [6] - Contributions from the Fiber Business are included in net income but excluded from other results and outlook components due to its classification as discontinued operations [7]
CCK Beats Q1 Earnings on Higher Volumes, Raises 2025 Guidance
ZACKS· 2025-04-30 17:25
Crown Holdings, Inc. (CCK) reported first-quarter 2025 adjusted earnings per share (EPS) of $1.67, beating the Zacks Consensus Estimate of $1.22 by a solid margin of 37%. The bottom line marked a 64% improvement year over year. The earnings growth was driven by higher beverage can shipments across the Americas and Europe, enhanced manufacturing efficiencies and cost savings from the company’s restructuring initiatives.Including one-time items, the company reported earnings from continuing operations of $1.6 ...