American Tower (NYSE:AMT) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $1.80 per share for the quarter. American Tower has set its FY 2019 guidance at $8.18-8.18 EPS.
American Tower (NYSE:AMT) last posted its earnings results on Wednesday, February 27th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.25 by ($1.63). The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.03 billion. American Tower had a return on equity of 19.86% and a net margin of 16.62%. American Tower’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, analysts expect American Tower to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
American Tower stock opened at $192.29 on Friday. The stock has a market cap of $85.24 billion, a PE ratio of 24.07, a P/E/G ratio of 1.63 and a beta of 0.68. American Tower has a 1 year low of $133.53 and a 1 year high of $198.19. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.68 and a quick ratio of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, April 11th will be given a dividend of $0.90 per share. This is a positive change from American Tower’s previous quarterly dividend of $0.84. This represents a $3.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Wednesday, April 10th. American Tower’s payout ratio is presently 45.06%.
Several equities analysts recently issued reports on the company. Wells Fargo & Co lowered American Tower from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $190.00 to $196.00 in a research report on Monday, April 15th. They noted that the move was a valuation call. Bank of America boosted their price objective on American Tower from $172.00 to $208.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Edward Jones lowered American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Morgan Stanley boosted their price objective on American Tower from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, March 11th. Finally, Royal Bank of Canada boosted their price objective on American Tower from $173.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Twelve analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $177.25.
In other American Tower news, Director Gustavo Lara sold 3,050 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $172.71, for a total value of $526,765.50. Following the sale, the director now owns 9,940 shares in the company, valued at approximately $1,716,737.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James D. Taiclet, Jr. sold 8,580 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $190.73, for a total value of $1,636,463.40. Following the completion of the sale, the chief executive officer now owns 197,976 shares in the company, valued at approximately $37,759,962.48. The disclosure for this sale can be found here. Insiders sold a total of 102,526 shares of company stock worth $19,690,902 in the last 90 days. Company insiders own 0.87% of the company’s stock.
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American Tower Company Profile
American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 170,000 communications sites.
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