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 EPS guidance of $10.31 to $10.50 for the period, compared to the consensus EPS estimate of $10.41. American Tower also updated its FY 2025 guidance to 10.310-10.500 EPS.

American Tower Trading Up 0.9 %

Shares of NYSE:AMT traded up $1.82 during midday trading on Thursday, hitting $202.55. 921,744 shares of the stock traded hands, compared to its average volume of 2,238,471. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27. The business’s 50 day moving average is $186.16 and its two-hundred day moving average is $206.96. The stock has a market capitalization of $94.65 billion, a PE ratio of 85.33, a P/E/G ratio of 1.29 and a beta of 0.84. American Tower has a one year low of $170.46 and a one year high of $243.56.

American Tower (NYSE:AMT) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter last year, the business posted $2.29 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, research analysts forecast that American Tower will post 10.14 earnings per share for the current year.

American Tower Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMT. BMO Capital Markets lifted their target price on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho cut their price objective on American Tower from $221.00 to $204.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Scotiabank decreased their target price on American Tower from $236.00 to $220.00 and set a “sector outperform” rating for the company in a research report on Thursday, January 23rd. The Goldman Sachs Group dropped their price target on American Tower from $260.00 to $234.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, Barclays reduced their price target on American Tower from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.21.

Insider Activity at American Tower

In related news, CFO Rodney M. Smith sold 16,567 shares of American Tower stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $181.10, for a total transaction of $3,000,283.70. Following the sale, the chief financial officer now owns 62,792 shares of the company’s stock, valued at approximately $11,371,631.20. This trade represents a 20.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate 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.