American Tower (NYSE:AMT) Releases Earnings Results, Beats Estimates By $1.23 EPS

American Tower (NYSE:AMT) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $1.23, Zacks reports. American Tower had a net margin of 31.08% and a return on equity of 32.76%. During the same quarter in the prior year, the firm posted $2.78 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year.

American Tower Price Performance

Shares of AMT stock opened at $186.93 on Tuesday. The company has a market capitalization of $87.10 billion, a P/E ratio of 25.66, a P/E/G ratio of 3.03 and a beta of 0.88. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.12. American Tower has a 12 month low of $160.06 and a 12 month high of $202.50. The stock has a 50 day moving average of $174.69 and a two-hundred day moving average of $176.98.

American Tower Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Investors of record on Wednesday, September 30th were paid a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, September 30th. American Tower’s payout ratio is currently 98.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays increased their price objective on American Tower from $198.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, September 30th. Scotiabank reiterated an “outperform” rating on shares of American Tower in a research report on Wednesday, July 29th. Weiss Ratings raised American Tower from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. BMO Capital Markets boosted their target price on shares of American Tower from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Truist Financial restated a “buy” rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, American Tower presently has a consensus rating of “Moderate Buy” and an average price target of $214.90.

More American Tower News

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: American Tower reported third-quarter FFO of $2.87 per share, exceeding the Zacks consensus estimate of $2.84 and rising from $2.78 a year earlier. American Tower Surpasses Q3 FFO and Revenue Estimates
• Positive Sentiment: The company generated approximately $2.78 billion in revenue and raised its full-year 2026 outlook for the third time, signaling improving confidence in operating performance and cash flow. American Tower Raises Its 2026 Outlook for Third Time
• Neutral Sentiment: American Tower’s earnings release was the primary market focus, with several reports published ahead of or immediately after the scheduled results. American Tower Q3 Earnings Snapshot
• Negative Sentiment: Revenue increased only 2.5% year over year, suggesting that top-line growth remains relatively modest despite the FFO beat. The consensus FFO outperformance was also narrow, which may limit buying momentum.

Insider Activity

In other news, EVP Ruth T. Dowling sold 1,106 shares of American Tower stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $174.96, for a total value of $193,505.76. Following the completion of the transaction, the executive vice president owned 27,711 shares in the company, valued at approximately $4,848,316.56. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $178.89, for a total value of $894,450.00. Following the completion of the transaction, the chief financial officer directly owned 21,428 shares in the company, valued at $3,833,254.92. The trade was a 18.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.08% of the stock is owned by company insiders.

American Tower Company Profile

American Tower Corporation (NYSE:AMT) is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.