After finishing at $192.81 in the prior trading day, American Tower Corp. (NYSE: AMT) closed at $181.96, down -5.63%. In other words, the price has decreased by -$10.85 from its previous closing price. On the day, 4134936 shares were traded. AMT stock price reached its highest trading level at $187.49 during the session, while it also had its lowest trading level at $180.54.
Ratios:
Our goal is to gain a better understanding of AMT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 40.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.02. In the meantime, Its Debt-to-Equity ratio is 11.23 whereas as Long-Term Debt/Eq ratio is at 10.28.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on April 08, 2024, initiated with a Neutral rating and assigned the stock a target price of $205.
On December 14, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $245.
On October 13, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $208.Scotiabank initiated its Sector Outperform rating on October 13, 2023, with a $208 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Font Juan sold 540 shares for $197.49 per share. The transaction valued at 106,645 led to the insider holds 19,265 shares of the business.
Smith Rodney M sold 11,510 shares of AMT for $2,367,767 on Mar 06 ’24. The EVP, CFO & Treasurer now owns 62,969 shares after completing the transaction at $205.71 per share. On Mar 04 ’24, another insider, Vondran Steven O, who serves as the President and CEO of the company, sold 3,265 shares for $200.42 each. As a result, the insider received 654,382 and left with 58,372 shares of the company.
Valuation Measures:
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 89.92B and an Enterprise Value of 135.10B. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.29, and their Forward P/E ratio for the next fiscal year is 24.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 12.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.61 while its Price-to-Book (P/B) ratio in mrq is 20.21. Its current Enterprise Value per Revenue stands at 12.12 whereas that against EBITDA is 22.49.
Stock Price History:
Over the past 52 weeks, AMT has reached a high of $219.10, while it has fallen to a 52-week low of $154.58. The 50-Day Moving Average of the stock is 194.67, while the 200-Day Moving Average is calculated to be 190.19.
Shares Statistics:
The stock has traded on average 2.39M shares per day over the past 3-months and 2.47M shares per day over the last 10 days, according to various share statistics. A total of 466.30M shares are outstanding, with a floating share count of 463.39M. Insiders hold about 0.64% of the company’s shares, while institutions hold 94.99% stake in the company. Shares short for AMT as of Mar 28, 2024 were 5.1M with a Short Ratio of 2.14, compared to 5.12M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.09% and a Short% of Float of 1.26%.
Dividends & Splits
In the trailing 12 months, AMT’s forward annual dividend rate was 6.45, compared to 6.45 this year. Against a Trailing Annual Dividend Yield of 3.35%, it implies a Forward Annual Dividend Yield of 3.56%. The stock’s 5-year Average Dividend Yield is 2.22.
Earnings Estimates
Its stock is currently analyzed by 11 different market analysts. On average, analysts expect EPS of $1.76 for the current quarter, with a high estimate of $1.86 and a low estimate of $1.66, while EPS last year was $0.72. The consensus estimate for the next quarter is $1.78, with high estimates of $1.92 and low estimates of $1.63.
Analysts are recommending an EPS of between $7.57 and $4.9 for the fiscal current year, implying an average EPS of $7.06. EPS for the following year is $7.28, with 12 analysts recommending between $8.15 and $6.76.
Revenue Estimates
14 analysts predict $2.79B in revenue for the current quarter. It ranges from a high estimate of $2.84B to a low estimate of $2.76B. As of the current estimate, American Tower Corp.’s year-ago sales were $2.74B, an estimated increase of 2.00% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $2.82B, an increase of 1.80% less than the figure of $2.00% in the same quarter last year. There is a high estimate of $2.91B for the next quarter, whereas the lowest estimate is $2.77B.
A total of 18 analysts have provided revenue estimates for AMT’s current fiscal year. The highest revenue estimate was $11.36B, while the lowest revenue estimate was $10.96B, resulting in an average revenue estimate of $11.19B. In the same quarter a year ago, actual revenue was $11.14B, up 0.40% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $11B in the next fiscal year. The high estimate is $11.9B and the low estimate is $10.42B. The average revenue growth estimate for next year is down -1.70% from the average revenue estimate for this year.
