American Tower (AMT) Projected to Post Quarterly Earnings on Tuesday

American Tower (NYSE:AMT - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Tuesday, April 29th. Analysts expect American Tower to post earnings of $2.41 per share and revenue of $2.54 billion for the quarter. American Tower has set its FY 2025 guidance at 10.310-10.500 EPS and its FY25 guidance at $10.31 to $10.50 EPS.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $2.29 EPS. The business's quarterly revenue was up 3.7% 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 Down 0.1 %

Shares of NYSE:AMT traded down $0.27 during midday trading on Friday, hitting $210.64. The stock had a trading volume of 2,464,545 shares, compared to its average volume of 2,482,365. The company has a market cap of $98.47 billion, a P/E ratio of 88.88, a PEG ratio of 1.29 and a beta of 0.87. American Tower has a 12 month low of $170.46 and a 12 month high of $243.56. The business's 50-day simple moving average is $210.41 and its 200-day simple moving average is $202.33. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 3.27.

American Tower Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, April 11th will be paid a $1.70 dividend. The ex-dividend date is Friday, April 11th. This represents a $6.80 dividend on an annualized basis and a yield of 3.23%. This is a boost from American Tower's previous quarterly dividend of $1.62. American Tower's dividend payout ratio (DPR) is currently 141.37%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Tower stock. Brighton Jones LLC grew its position in American Tower Co. (NYSE:AMT - Free Report) by 113.0% in the 4th quarter, according to 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 buying 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 Analyst Weigh In

AMT has been the subject of several recent analyst reports. Barclays raised their target price on shares of American Tower from $214.00 to $223.00 and gave the company an "overweight" rating in a research note on Friday, March 21st. BMO Capital Markets lifted their target price on American Tower from $210.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Citizens Jmp upgraded American Tower to a "strong-buy" rating in a research note on Monday, January 27th. Hsbc Global Res raised shares of American Tower to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Citigroup increased their price objective on shares of American Tower from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $233.07.

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.