American Tower (NYSE:AMT) Issues FY25 Earnings Guidance

American Tower (NYSE:AMT) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $10.31 to $10.50 for the period, compared to the consensus earnings per share estimate of $10.41. American Tower also updated its FY 2025 guidance to 10.310-10.500 EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMT. BMO Capital Markets upped their price objective on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays cut their price objective on shares of American Tower from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Citigroup lowered their target price on shares of American Tower from $255.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Morgan Stanley cut their price target on American Tower from $219.00 to $213.00 and set an “equal weight” rating for the company in a report on Monday. Finally, JMP Securities initiated coverage on American Tower in a research report on Monday, January 27th. They issued an “outperform” rating and a $225.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $225.21.

American Tower Price Performance

American Tower stock traded up $1.82 during mid-day trading on Thursday, hitting $202.55. 921,744 shares of the company traded hands, compared to its average volume of 2,238,471. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.69 and a current ratio of 0.69. American Tower has a one year low of $170.46 and a one year high of $243.56. The stock has a market cap of $94.65 billion, a price-to-earnings ratio of 85.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The stock has a fifty day moving average price of $186.16 and a 200-day moving average price of $206.96.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. American Tower had a net margin of 10.05% and a return on equity of 22.01%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the previous year, the firm posted $2.29 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts predict that American Tower will post 10.14 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, December 27th were issued a dividend of $1.62 per share. The ex-dividend date was Friday, December 27th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.20%. American Tower’s dividend payout ratio is 273.42%.

Insiders Place Their Bets

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the completion of the sale, the chief financial officer now directly owns 62,792 shares in the company, valued at $11,371,631.20. This represents a 20.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

About American Tower

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 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.