American Tower (NYSE:AMT) Issues FY 2026 Earnings Guidance

Key Points

• American Tower issued FY 2026 EPS guidance of $11.00–$11.17, above the analyst consensus estimate of $10.66; no revenue guidance was provided.
• The company’s latest quarter exceeded expectations, reporting $2.84 EPS versus $1.60 expected and $2.74 billion in revenue, up 6.8% year over year.
• American Tower maintains a quarterly dividend of $1.79 per share, equivalent to an annualized $7.16 payout and a 4.3% yield, while analysts hold a “Moderate Buy” consensus rating with a $215.57 average price target.

American Tower (NYSE:AMT - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 11.000-11.170 for the period, compared to the consensus earnings per share estimate of 10.660. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMT. Citizens Jmp restated a "market outperform" rating and set a $260.00 price target on shares of American Tower in a research note on Wednesday, April 29th. Wolfe Research upgraded American Tower from a "peer perform" rating to an "outperform" rating and set a $188.00 price objective for the company in a research report on Wednesday, July 8th. Sanford C. Bernstein raised American Tower from a "market perform" rating to an "outperform" rating and set a $207.00 price objective on the stock in a report on Tuesday, May 19th. Weiss Ratings upgraded American Tower from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, July 14th. Finally, Barclays reduced their target price on American Tower from $200.00 to $195.00 and set an "equal weight" rating for the company in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $215.57.

American Tower Stock Performance

American Tower stock opened at $166.69 on Tuesday. The stock has a 50-day simple moving average of $176.56 and a 200 day simple moving average of $178.30. The stock has a market capitalization of $77.66 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 0.70 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 3.07. American Tower has a 12-month low of $160.06 and a 12-month high of $229.07.

American Tower (NYSE:AMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $1.24. American Tower had a net margin of 26.81% and a return on equity of 27.79%. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same quarter in the prior year, the firm earned $2.75 EPS. The company's revenue was up 6.8% on a year-over-year basis. On average, research analysts anticipate that American Tower will post 10.66 earnings per share for the current fiscal year.

American Tower Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 13th. Stockholders of record on Friday, June 12th were given a dividend of $1.79 per share. This represents a $7.16 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, June 12th. American Tower's dividend payout ratio is presently 115.67%.

Insider Activity at American Tower

In related news, EVP Ruth T. Dowling sold 416 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $177.54, for a total value of $73,856.64. Following the completion of the sale, the executive vice president owned 29,461 shares of the company's stock, valued at $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Swiss RE Ltd. acquired a new position in shares of American Tower during the fourth quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new stake in American Tower in the fourth quarter worth about $29,000. Triumph Capital Management bought a new stake in American Tower during the 3rd quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new stake in American Tower during the 4th quarter worth about $33,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Tower during the 3rd quarter valued at about $35,000. 92.69% of the stock is currently owned by institutional investors.

About American Tower

American Tower NYSE: AMT is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company's core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.

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