American Tower (AMT) Set to Announce Quarterly Earnings on Wednesday

American Tower (NYSE:AMTGet Rating) is set to announce its earnings results before the market opens on Wednesday, April 27th. Analysts expect the company to announce earnings of $2.41 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

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 the Thomson Reuters’ consensus estimate of $1.15 by ($0.16). American Tower had a net margin of 27.44% and a return on equity of 34.57%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the business posted $2.07 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, analysts expect American Tower to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

AMT opened at $258.77 on Wednesday. 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 $117.97 billion, a P/E ratio of 45.64, a PEG ratio of 2.06 and a beta of 0.48. The stock has a 50-day moving average price of $242.34 and a 200-day moving average price of $258.69. American Tower has a 12-month low of $220.00 and a 12-month high of $303.72.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Wednesday, April 13th will be given a $1.40 dividend. This is an increase from American Tower’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Tuesday, April 12th. This represents a $5.60 dividend on an annualized basis and a yield of 2.16%. American Tower’s payout ratio is presently 98.77%.

A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of American Tower from a “b” rating to a “c+” rating in a report on Thursday, February 24th. Cowen lowered their price objective on American Tower from $350.00 to $325.00 in a research report on Friday, February 25th. Wells Fargo & Company lifted their target price on shares of American Tower from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, March 11th. StockNews.com assumed coverage on shares of American Tower in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, KeyCorp dropped their price objective on American Tower from $311.00 to $286.00 and set an “overweight” rating for the company in a report on Friday, February 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Tower has an average rating of “Hold” and a consensus target price of $288.29.

In other American Tower news, Director Samme L. Thompson sold 1,590 shares of the firm’s stock in a transaction on Friday, February 4th. The stock was sold at an average price of $248.16, for a total transaction of $394,574.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. KB Financial Partners LLC bought a new stake in shares of American Tower in the 4th quarter worth approximately $56,000. Jaffetilchin Investment Partners LLC purchased a new position in American Tower during the fourth quarter valued at $203,000. First Community Trust NA bought a new stake in American Tower in the fourth quarter worth $83,000. Raleigh Capital Management Inc. purchased a new stake in shares of American Tower in the fourth quarter worth $100,000. Finally, Zullo Investment Group Inc. bought a new position in shares of American Tower during the fourth quarter valued at $98,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About American Tower (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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Earnings History for American Tower (NYSE:AMT)

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