$2.50 Earnings Per Share Expected for American Tower Co. (NYSE:AMT) This Quarter

Wall Street brokerages expect that American Tower Co. (NYSE:AMTGet Rating) will announce earnings of $2.50 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for American Tower’s earnings, with the highest EPS estimate coming in at $2.67 and the lowest estimate coming in at $2.33. American Tower reported earnings per share of $2.46 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that American Tower will report full-year earnings of $10.09 per share for the current fiscal year, with EPS estimates ranging from $9.71 to $10.41. For the next financial year, analysts expect that the business will report earnings of $10.88 per share, with EPS estimates ranging from $10.01 to $11.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Tower.

American Tower (NYSE:AMTGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The real estate investment trust reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.16). American Tower had a return on equity of 34.57% and a net margin of 27.44%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business posted $2.07 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year.

A number of research firms recently weighed in on AMT. JPMorgan Chase & Co. downgraded American Tower from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $285.00 to $271.00 in a research note on Wednesday, January 5th. KeyCorp reduced their price target on shares of American Tower from $311.00 to $286.00 and set an “overweight” rating for the company in a research report on Friday, February 25th. TheStreet cut American Tower from a “b” rating to a “c+” rating in a report on Thursday, February 24th. Wells Fargo & Company upped their price target on American Tower from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, March 11th. Finally, Raymond James lowered their price target on American Tower from $294.00 to $279.00 and set an “outperform” rating on the stock in a report on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, American Tower has a consensus rating of “Hold” and an average price target of $288.29.

In related news, Director Samme L. Thompson sold 1,590 shares of the company’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $248.16, for a total transaction of $394,574.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.68% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in American Tower by 1.0% during the third quarter. Geneos Wealth Management Inc. now owns 3,671 shares of the real estate investment trust’s stock valued at $978,000 after buying an additional 36 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in American Tower by 3.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,312 shares of the real estate investment trust’s stock valued at $348,000 after buying an additional 38 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in American Tower by 3.7% during the fourth quarter. Vigilant Capital Management LLC now owns 1,113 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 40 shares in the last quarter. Beech Hill Advisors Inc. boosted its stake in American Tower by 0.3% during the fourth quarter. Beech Hill Advisors Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $3,517,000 after buying an additional 40 shares in the last quarter. Finally, Midwest Professional Planners LTD. boosted its stake in American Tower by 1.1% during the third quarter. Midwest Professional Planners LTD. now owns 3,626 shares of the real estate investment trust’s stock valued at $962,000 after buying an additional 41 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

American Tower stock opened at $255.54 on Monday. American Tower has a twelve month low of $220.00 and a twelve month high of $303.72. The stock has a 50 day moving average of $241.99 and a two-hundred day moving average of $258.78. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 4.27. The stock has a market capitalization of $116.50 billion, a price-to-earnings ratio of 45.07, a PEG ratio of 2.06 and a beta of 0.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Wednesday, April 13th will be given a $1.40 dividend. The ex-dividend date of this dividend is Tuesday, April 12th. This is a positive change from American Tower’s previous quarterly dividend of $1.39. This represents a $5.60 annualized dividend and a yield of 2.19%. American Tower’s dividend payout ratio (DPR) is 98.77%.

American Tower Company Profile (Get Rating)

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the ÂEarnings Materials and ÂInvestor Presentations sections of our investor relations website at www.americantower.com.

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