As of close of business last night, American Tower Corp.’s stock clocked out at $194.63, down -1.02% from its previous closing price of $196.63. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 2150253 shares were traded.
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Ratios:
To gain a deeper understanding of AMT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.04. 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, HSBC Securities on December 14, 2023, initiated with a Buy rating and assigned the stock a target price of $245.
On October 13, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $208.
On July 13, 2023, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $230.BMO Capital Markets initiated its Outperform rating on July 13, 2023, with a $230 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 90.77B and an Enterprise Value of 135.95B. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.28, and their Forward P/E ratio for the next fiscal year is 27.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.14 while its Price-to-Book (P/B) ratio in mrq is 21.62. Its current Enterprise Value per Revenue stands at 12.20 whereas that against EBITDA is 22.64.
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 197.99, while the 200-Day Moving Average is calculated to be 190.02.
Shares Statistics:
It appears that AMT traded 2.26M shares on average per day over the past three months and 2.05M shares per day over the past ten days. A total of 466.30M shares are outstanding, with a floating share count of 463.41M. Insiders hold about 0.63% of the company’s shares, while institutions hold 95.02% stake in the company. Shares short for AMT as of Feb 29, 2024 were 5.12M with a Short Ratio of 2.26, compared to 5.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.10% and a Short% of Float of 1.27%.
Dividends & Splits
With its trailing 12-month dividend rate of 6.45, AMT has a forward annual dividend rate of 6.45. Against a Trailing Annual Dividend Yield of 3.28%, it implies a Forward Annual Dividend Yield of 3.33%. The stock’s 5-year Average Dividend Yield is 2.19.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 13 analysts expect revenue to total $2.79B. 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 1.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $2.81B, an increase of 1.50% less than the figure of $1.90% in the same quarter last year. There is a high estimate of $2.84B for the next quarter, whereas the lowest estimate is $2.77B.
A total of 17 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 $11.18B. In the same quarter a year ago, actual revenue was $11.14B, up 0.30% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $11.01B 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 -1.50% from the average revenue estimate for this year.
