The closing price of American Tower Corporation (NYSE: AMT) was $182.56 for the day, down -0.45% from the previous closing price of $183.39. In other words, the price has decreased by -$0.83 from its previous closing price. On the day, 2558360 shares were traded. AMT stock price reached its highest trading level at $184.65 during the session, while it also had its lowest trading level at $181.65.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Our analysis of AMT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 7.13 whereas as Long-Term Debt/Eq ratio is at 6.42.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 when DOLAN RAYMOND P sold 10,025 shares for $195.00 per share. The transaction valued at 1,954,875 led to the insider holds 17,473 shares of the business.
THOMPSON SAMME L sold 1,739 shares of AMT for $380,128 on Feb 06. The Director now owns 22,099 shares after completing the transaction at $218.59 per share. On Feb 02, another insider, Goel Sanjay, who serves as the EVP & President, Asia-Pacific of the company, bought 5 shares for $232.56 each. As a result, the insider paid 1,163 and bolstered with 9,592 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMT now has a Market Capitalization of 95.84B and an Enterprise Value of 140.94B. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.79, and their Forward P/E ratio for the next fiscal year is 37.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.88 while its Price-to-Book (P/B) ratio in mrq is 15.72. Its current Enterprise Value per Revenue stands at 13.03 whereas that against EBITDA is 23.84.
Stock Price History:
Over the past 52 weeks, AMT has reached a high of $282.47, while it has fallen to a 52-week low of $178.17. The 50-Day Moving Average of the stock is 199.26, while the 200-Day Moving Average is calculated to be 215.49.
AMT traded an average of 1.97M shares per day over the past three months and 1.86M shares per day over the past ten days. A total of 465.74M shares are outstanding, with a floating share count of 464.37M. Insiders hold about 0.10% of the company’s shares, while institutions hold 93.20% stake in the company. Shares short for AMT as of Apr 27, 2023 were 4.18M with a Short Ratio of 4.26M, compared to 3.31M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.90% and a Short% of Float of 1.04%.
Dividends & Splits
With its trailing 12-month dividend rate of 6.02, AMT has a forward annual dividend rate of 6.24. Against a Trailing Annual Dividend Yield of 3.28%, it implies a Forward Annual Dividend Yield of 3.23%. The stock’s 5-year Average Dividend Yield is 1.96.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $1.07 for the current quarter, with a high estimate of $1.2 and a low estimate of $0.97, while EPS last year was $1.95. The consensus estimate for the next quarter is $1.1, with high estimates of $1.13 and low estimates of $1.06.
Analysts are recommending an EPS of between $4.21 and $3.88 for the fiscal current year, implying an average EPS of $4.04. EPS for the following year is $4.9, with 14 analysts recommending between $5.94 and $4.05.
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $2.78B to a low estimate of $2.68B. As of the current estimate, American Tower Corporation’s year-ago sales were $2.67B, an estimated increase of 2.10% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $2.75B, an increase of 3.00% over than the figure of $2.10% in the same quarter last year. There is a high estimate of $2.79B for the next quarter, whereas the lowest estimate is $2.72B.
A total of 16 analysts have provided revenue estimates for AMT’s current fiscal year. The highest revenue estimate was $11.09B, while the lowest revenue estimate was $10.91B, resulting in an average revenue estimate of $11B. In the same quarter a year ago, actual revenue was $10.71B, up 2.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $11.41B in the next fiscal year. The high estimate is $11.65B and the low estimate is $11.15B. The average revenue growth estimate for next year is up 3.70% from the average revenue estimate for this year.