American Tower (NYSE:AMT) Issues Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• American Tower reported $2.60 EPS for the quarter, exceeding the consensus estimate of $2.59 by $0.01.
• The company increased its FY 2025 guidance to a range of $10.460-10.650 EPS.
• American Tower announced a quarterly dividend of $1.70, representing an annualized dividend of $6.80 and a yield of 3.03%.

American Tower (NYSE:AMT - Get Free Report) posted its earnings results on Tuesday. The real estate investment trust reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01, Zacks reports. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.58 billion. American Tower had a return on equity of 24.85% and a net margin of 12.60%. American Tower's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.79 earnings per share. American Tower updated its FY 2025 guidance to 10.460-10.650 EPS.

American Tower Stock Up 1.8%

NYSE AMT traded up $3.79 during mid-day trading on Friday, reaching $212.18. 3,232,190 shares of the company's stock traded hands, compared to its average volume of 2,634,315. American Tower has a 1-year low of $172.51 and a 1-year high of $243.56. The company has a fifty day simple moving average of $218.73 and a 200-day simple moving average of $210.09. The company has a current ratio of 0.95, a quick ratio of 0.81 and a debt-to-equity ratio of 3.36. The company has a market cap of $99.33 billion, a price-to-earnings ratio of 77.16, a P/E/G ratio of 1.15 and a beta of 0.82.

American Tower Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Friday, June 13th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 13th. American Tower's dividend payout ratio (DPR) is 247.27%.

Insiders Place Their Bets

In other American Tower news, CEO Juan Font sold 720 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $208.33, for a total transaction of $149,997.60. Following the completion of the sale, the chief executive officer owned 23,425 shares in the company, valued at $4,880,130.25. This trade represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On American Tower

A hedge fund recently raised its stake in American Tower stock. Brighton Jones LLC lifted its position in American Tower Corporation (NYSE:AMT - Free Report) by 113.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing. 92.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMT shares. Raymond James Financial set a $250.00 target price on American Tower and gave the stock a "strong-buy" rating in a research report on Wednesday. Bank of America started coverage on American Tower in a research report on Monday, May 19th. They issued a "buy" rating and a $255.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on American Tower from $250.00 to $255.00 and gave the company an "overweight" rating in a research note on Wednesday. Scotiabank raised their price objective on American Tower from $234.00 to $248.00 and gave the stock a "sector outperform" rating in a report on Wednesday, April 30th. Finally, Barclays raised their price objective on American Tower from $223.00 to $246.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $243.88.

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.