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. 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, 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

Featured Stories

Earnings History for American Tower (NYSE:AMT)

Receive News & Ratings for American Tower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower and related companies with's FREE daily email newsletter.