American Tower (NYSE:AMT) Releases Quarterly Earnings Results, Beats Expectations By $0.83 EPS

American Tower (NYSE:AMT) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.83, Briefing.com reports. 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 quarter last year, the company earned $2.29 earnings per share. American Tower’s revenue for the quarter was up 3.7% on a year-over-year basis. American Tower updated its FY 2025 guidance to 10.310-10.500 EPS and its FY25 guidance to $10.31 to $10.50 EPS.

American Tower Stock Performance

NYSE AMT traded down $0.84 during trading hours on Wednesday, hitting $202.91. The company had a trading volume of 310,027 shares, compared to its average volume of 2,211,796. American Tower has a fifty-two week low of $170.46 and a fifty-two week high of $243.56. The firm has a market cap of $94.82 billion, a P/E ratio of 85.37, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. 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 has a fifty day simple moving average of $185.84 and a 200-day simple moving average of $207.01.

American Tower Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, December 27th were paid a dividend of $1.62 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $6.48 dividend on an annualized basis and a yield of 3.19%. American Tower’s payout ratio is currently 273.42%.

Insider Transactions at American Tower

In other American Tower news, CFO Rodney M. Smith sold 16,567 shares of the business’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 transaction, the chief financial officer now directly owns 62,792 shares of the company’s stock, valued at $11,371,631.20. The trade was a 20.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

AMT has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of American Tower from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday. Citizens Jmp upgraded American Tower to a “strong-buy” rating in a research note on Monday, January 27th. StockNews.com lowered American Tower from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Barclays decreased their price target on shares of American Tower from $215.00 to $214.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of American Tower from $260.00 to $234.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $225.21.

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.