American Tower (AMT) Expected to Announce Quarterly Earnings on Tuesday

American Tower (NYSE:AMT - Get Free Report) is projected to post its Q2 2025 quarterly earnings results before the market opens on Tuesday, July 29th. Analysts expect American Tower to post earnings of $2.59 per share and revenue of $2.58 billion for the quarter. American Tower has set its FY 2025 guidance at 10.350-10.540 EPS.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.34. American Tower had a return on equity of 30.20% and a net margin of 17.34%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the business earned $2.79 EPS. American Tower's revenue was down 9.6% on a year-over-year basis. On average, analysts expect American Tower to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

American Tower Stock Up 0.4%

NYSE AMT traded up $0.97 during trading hours on Thursday, hitting $231.15. 1,460,940 shares of the company were exchanged, compared to its average volume of 2,622,875. American Tower has a 52-week low of $172.51 and a 52-week high of $243.56. The firm has a market cap of $108.21 billion, a price-to-earnings ratio of 59.43, a PEG ratio of 1.28 and a beta of 0.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.43. The company has a 50 day moving average of $217.98 and a two-hundred day moving average of $208.36.

American Tower Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Friday, June 13th were issued a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.94%. American Tower's payout ratio is currently 174.81%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in American Tower stock. Brighton Jones LLC boosted its stake in shares of American Tower Corporation (NYSE:AMT - Free Report) by 113.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,966 shares of the real estate investment trust's stock after acquiring an additional 2,104 shares during the quarter. Brighton Jones LLC's holdings in American Tower were worth $727,000 as of its most recent filing with the Securities and Exchange Commission. 92.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley assumed coverage on American Tower in a report on Tuesday, April 1st. They issued an "overweight" rating and a $250.00 price objective on the stock. Bank of America assumed coverage on American Tower in a report on Monday, May 19th. They issued a "buy" rating and a $255.00 price objective on the stock. UBS Group increased their price objective on American Tower from $250.00 to $260.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Scotiabank increased their price objective on American Tower from $234.00 to $248.00 and gave the company a "sector outperform" rating in a report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price objective on American Tower from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, American Tower currently has a consensus rating of "Buy" and a consensus price target of $242.31.

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.