Analytici očekávají, že společnost American Tower (AMT) vykáže čtvrtletní EPS ve výši 2,84 USD, meziročně o 2,2 % více, a tržby ve výši 2,77 miliardy USD, meziročně o 2,1 % více.
Wall Street analysts expect American Tower (AMT - Free Report) to post quarterly earnings of $2.84 per share in its upcoming report, which indicates a year-over-year increase of 2.2%. Revenues are expected to be $2.77 billion, up 2.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific American Tower metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Total operating revenues- Data Centers' stands at $304.54 million. The estimate points to a change of +14.1% from the year-ago quarter.
Analysts predict that the 'Total operating revenues- Services' will reach $65.96 million. The estimate indicates a change of -34.8% from the prior-year quarter.
The consensus among analysts is that 'Total operating revenues- Total Property' will reach $2.70 billion. The estimate indicates a year-over-year change of +3.2%.
Analysts' assessment points toward 'Geographic Revenues- Total International' reaching $1.12 billion. The estimate points to a change of +8.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenues- U.S. & Canada' of $1.28 billion. The estimate suggests a change of -3.2% year over year.
The average prediction of analysts places 'Geographic Revenues- Africa & APAC' at $418.61 million. The estimate indicates a year-over-year change of +12.8%.
Analysts expect 'Geographic Revenues- Latin America' to come in at $443.17 million. The estimate indicates a year-over-year change of +6.3%.
The combined assessment of analysts suggests that 'U.S. & Canada - Ending Balance' will likely reach 41,771 . Compared to the present estimate, the company reported 41,821 in the same quarter last year.
Analysts forecast 'Total - Ending Balance' to reach 148,696 . The estimate is in contrast to the year-ago figure of 148,371 .
According to the collective judgment of analysts, 'Organic Tenant Billings Growth - Total International' should come in at 1.9%. The estimate compares to the year-ago value of 6.9%.
It is projected by analysts that the 'Organic Tenant Billings Growth - U.S. & Canada' will reach 0.4%. Compared to the present estimate, the company reported 3.9% in the same quarter last year.
Based on the collective assessment of analysts, 'International - Ending Balance' should arrive at 107,068 . The estimate compares to the year-ago value of 106,550 .
View all Key Company Metrics for American Tower here>>>
Over the past month, American Tower shares have recorded returns of +4% versus the Zacks S&P 500 composite's no change. Based on its Zacks Rank #2 (Buy), AMT will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
American Tower má 27. října 2026 zveřejnit výsledky; analytici očekávají EPS ve výši 2,84 USD a tržby 2,77 miliardy USD, což představuje meziroční nárůst o 2,16 %, respektive o 2,06 %.
American Tower (AMT - Free Report) closed at $181.36 in the latest trading session, marking a +1.09% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.33%. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The wireless communications infrastructure company's stock has climbed by 1.71% in the past month, exceeding the Finance sector's loss of 3.99% and the S&P 500's gain of 1.41%.
Analysts and investors alike will be keeping a close eye on the performance of American Tower in its upcoming earnings disclosure. The company's earnings report is set to go public on October 27, 2026. The company is predicted to post an EPS of $2.84, indicating a 2.16% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.77 billion, indicating a 2.06% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.11 per share and revenue of $11.04 billion. These totals would mark changes of +3.25% and +3.68%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for American Tower. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. At present, American Tower boasts a Zacks Rank of #2 (Buy).
Looking at its valuation, American Tower is holding a Forward P/E ratio of 16.16. This signifies a premium in comparison to the average Forward P/E of 11.44 for its industry.
Meanwhile, AMT's PEG ratio is currently 2.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
American Tower Corporation (NYSE:AMT – Get Free Report) announced a quarterly dividend on Thursday, September 17th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $1.79 per share by the real estate investment trust on Tuesday, October 20th. This represents a $7.16 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th.
American Tower has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. American Tower has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect American Tower to earn $11.40 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 62.8%.
American Tower Stock Up 0.0% AMT stock opened at $169.08 on Monday. American Tower has a one year low of $160.06 and a one year high of $196.08. The firm has a market cap of $78.79 billion, a PE ratio of 23.26, a PEG ratio of 2.71 and a beta of 0.89. The firm’s 50 day moving average price is $173.21 and its 200-day moving average price is $176.05. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.
American Tower (NYSE:AMT – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $1.14. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.70 billion. American Tower had a return on equity of 32.76% and a net margin of 31.08%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 EPS. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, equities research analysts anticipate that American Tower will post 10.8 EPS for the current year. Analyst Ratings Changes Several equities analysts have issued reports on AMT shares. Jefferies Financial Group dropped their price objective on American Tower from $210.00 to $201.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Truist Financial reaffirmed a “buy” rating and set a $207.00 price objective (down from $208.00) on shares of American Tower in a research note on Wednesday, August 12th. Mizuho set a $208.00 price target on shares of American Tower in a research report on Thursday, August 20th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $195.00 to $205.00 in a report on Friday, June 26th. Finally, The Goldman Sachs Group set a $210.00 price objective on shares of American Tower in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $215.29.
View Our Latest Report on American Tower
American Tower Company Profile (Get Free Report)
American Tower Corporation (NYSE:AMT) is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.
In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.
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American Tower uvedl, že jeho dividendu pokrývá AFFO, které v roce 2026 očekává na 11,00 až 11,17 USD na akcii oproti roční dividendě 7,16 USD. Volný peněžní tok ve 2. čtvrtletí meziročně vzrostl o 18,54 % na 1,158 miliardy USD.
American Tower collects rent from wireless carriers under long-term contracts, but rising interest rates and a major customer exodus are squeezing the cash that funds the dividend. Here is what retirees actually need to check before trusting the payout.
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American Tower (NYSE:AMT) owns tower sites that wireless carriers rent under long-term contracts. Those lease payments fund the dividend. At $169.09, shares yield 4.09% on $6.98 trailing payouts, with annualized forward dividend at $7.16. Against the 10-year Treasury at 5.18% on September 24, retirees need proof the payout justifies the extra risk.
AFFO Coverage Is the Core of the Case Evaluating a REIT by earnings payout ratio misleads investors. Towers are depreciated on paper while collecting rent, shrinking GAAP earnings without touching cash. Adjusted funds from operations (AFFO) adds back depreciation and subtracts maintenance, tracking cash available for dividends.
American Tower’s 2026 AFFO guidance calls for $11.00 to $11.17 per share against the $7.16 annualized dividend. Second-quarter free cash flow hit $1.158 billion, up 18.54% year over year. Management prioritizes the dividend:
“When we think about our capital allocation approach, first and foremost, it’s supporting the dividend and a growing dividend.”
On the same call, management said the company aims “to dividend out 100% of our REIT taxable income each year.”
Lease Economics Backing Every Payment Adding a tenant to an existing tower costs far less than building new, so additional leases flow largely to cash. The weak spot is concentration: revenue depends on a small number of large customers. DISH-related cancellations cost the U.S. & Canada segment $63 million in Q2, with segment revenue down 2.5%. Excluding DISH churn, U.S. and Canada organic growth was approximately 5%. CoreSite offsets this, with full-year data center revenue growth guidance raised to approximately 15%.
Peers frame the choice. Crown Castle (NYSE:CCI) is a U.S. tower REIT with a heavier dividend focus, while SBA Communications (NASDAQ:SBAC) offers a lower yield and a higher growth profile. American Tower combines income with a data center engine, a mix CEO Steve Vondran describes this way:
“American Tower is uniquely positioned at the intersection of wireless, cloud, and AI.”
Debt and Rates Are the Pressure Points Heavy borrowing is structural to tower ownership. American Tower carries $37.3 billion of debt with net leverage of 4.9 times, inside its 3 to 5 times target. Refinancing at higher rates is now an approximately 150 basis point headwind to 2026 AFFO per share growth. The 10-year yield rose from a 3.97% low in February to 5.18%, and the stock is down 9.36% over the past year.
Dividend Record Shows Growth and One Reset Quarterly payments began December 2011, climbing from $0.21 in April 2012 to $1.79 in 2026. After paying $1.70 in December 2023, the company paid $1.62 per quarter through 2024, then returned to $1.70 in 2025. The 2026 increase delivered 5.3% per-share growth.
Verdict: A Durable Payout With One Number to Track American Tower’s dividend is strong enough for retirement portfolios. AFFO covers the payout with room to spare, leverage sits in range, and management expects 2026 to be a trough for attributable AFFO per share growth before mid to high single-digit growth returns. Analysts lean positive, with 7 Strong Buy, 15 Buy and 3 Hold ratings and an average target of $215.7.
The metric that would change this answer is attributable AFFO per share. If 2027 fails to deliver the promised turnaround while refinancing costs rise, the buffer under the $7.16 payout starts shrinking, and the conclusion flips. For retirees building a portfolio that throws off income without forcing share sales, a dividend ladder is the structure to study, and we walked through how to build one in a free guide here.
Contact [email protected] for any questions or corrections.
American Tower čeká, že rok 2026 bude dnem cyklu organických tržeb z pronájmu, a poté se růst v roce 2027 zrychlí díky slabšímu churnu a novým investičním katalyzátorům sítí.
AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing WindowAmerican Tower NYSE: AMT CFO Rod Smith said the company expects 2026 to represent a trough year for organic tenant billings growth, with growth expected to accelerate in 2027 as customer churn moderates and wireless-network investment catalysts emerge.
Speaking at a Citi event with analyst Mike Rollins, Smith said American Tower’s near-term focus includes protecting the value of its tower contracts, controlling operating expenses and positioning its U.S., European and emerging-market assets to benefit from future network upgrades.
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Network investment catalysts AST SpaceMobile Stock Soared 12%—This Was the CatalystSmith said U.S. carriers have largely completed their initial 5G coverage deployments, reaching roughly 90% to 95% coverage. As mobile-data usage and new applications grow, he expects carriers to add capacity at existing sites and densify networks through additional colocations on towers where they do not currently operate.
He also cited expected demand for new towers to support higher-band spectrum, nearly 800 megahertz of additional spectrum expected to become available over the next several years, and the eventual transition to 6G later in the decade.
Space Race Meets Ground Reality for Tower REITsArtificial intelligence could create another source of demand, according to Smith. He said AI applications may require networks to handle more uplink traffic, rather than the current structure that largely favors downlink traffic. That change could require network upgrades that generate amendment activity for tower operators.
“We think there’s a lot of demand yet to come for our business,” Smith said, adding that American Tower’s CoreSite data-center assets are also positioned to benefit from rising bandwidth consumption and interconnected cloud demand.
Churn expected to improve after 2026 Smith said the company expects its global organic tenant billings growth to inflect higher after 2026, driven in part by the absence of recurring Dish Network churn. He also pointed to expected improvement in Latin America, contracted stability in Europe and continued network build activity from major African carriers.
In the U.S., Smith described a framework in which a 3% contractual annual escalator, combined with approximately 2.5% contribution from new business activity, would produce 5.5% growth before churn. With churn of about 1%, he said this supports organic tenant billings growth of roughly 4.5%, excluding Dish.
Smith said carrier investment is underpinned by growth in mobile-data consumption and network competition. He estimated carriers invest $30 billion to $35 billion annually in their networks, with a portion of that spending reaching tower sites through antennas, radios and related equipment.
However, he acknowledged that application volume has declined from the peak of the 5G deployment cycle. American Tower expects services revenue of about $245 million this year, down from $345 million in the prior year, reflecting lower application activity. Smith said the company does not yet see the multiyear catalysts in its current application pipeline.
Margin and AFFO outlook Smith said higher revenue conversion and expense-management efforts should support adjusted funds from operations, or AFFO, per-share growth. The company has created a global chief operating officer role focused on site operations, deployment, leasing processes and procurement efficiency.
American Tower is targeting 200 to 300 basis points of margin expansion in its tower business over the next couple of years, Smith said.
He said the company believes it can grow AFFO per share at a mid- to upper-mid-single-digit rate over time, excluding foreign-exchange effects and interest-rate headwinds. Interest rates can create about a 100-basis-point headwind, he said, while currency movements can also affect results.
CoreSite is growing at a double-digit rate, Smith said, and is expected to become a larger contributor to attributable AFFO. He added that Europe is growing faster than the U.S. based on American Tower’s portfolio and current cycle, while Africa has been producing high-single-digit to double-digit growth and Latin America is recovering.
Mexico arbitration and Dish litigation Smith said American Tower continues to await resolution of an arbitration with AT&T Mexico concerning the calculation of rent increases under its contracts. He said a decision could arrive by the end of the year or extend into next year.
AT&T Mexico is paying most of its revenue directly to American Tower while reserving approximately $8 million per quarter in escrow, according to Smith. He said the company had about $70 million reserved between the prior year and the current year. Smith characterized the potential outcomes as narrow and favorable to American Tower, while noting that the arbitrator will decide the matter.
On Dish Network, Smith said American Tower has assumed zero revenue and profit from Dish in its 2026 outlook and has not included recoveries in its balance-sheet forecasts. He said any settlement or recovery would be additive.
Smith estimated that Dish owes American Tower between $1 billion and $2 billion based on the net present value of future leasing, while American Tower’s potential share of an escrow recovery could be roughly $500 million to $600 million. He said the litigation remains ongoing.
Capital allocation and satellite outlook Smith said American Tower is comfortable operating leverage in the upper-4x range while remaining below 5x, a level he said supports its BBB+ credit rating and preserves flexibility for share repurchases or acquisitions.
The company may buy back stock when it views the valuation as attractive, he said, and continues to evaluate M&A opportunities. Smith added that American Tower could temporarily increase leverage for an acquisition before deleveraging, as it has done in the past.
Smith also said low-earth-orbit satellite services, including satellite broadband, are complementary to terrestrial networks rather than a material threat to American Tower’s tower business. While satellite service could reduce the need for some rural sites, he said any impact would be immaterial and could allow the company to redirect capital toward suburban and urban locations that support more tenants.
About American Tower (NYSE:AMT)American Tower Corporation NYSE: AMT is a global owner, operator and developer of wireless communications infrastructure. The company leases space on communications sites, including towers, rooftops and other structures, to wireless carriers, broadcasters, government agencies and other customers. Its infrastructure supports wireless networks and the transmission of voice, data and video services.
In addition to traditional macro towers, American Tower provides distributed antenna systems and other in-building or venue-based communications solutions designed to improve wireless coverage and capacity.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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American Tower uzavřela poslední obchodní den na 172,92 USD, což bylo o 1,76 % méně. Před zveřejněním výsledků trh očekává EPS 2,82 USD a tržby 2,77 miliardy USD.
American Tower (AMT - Free Report) closed the most recent trading day at $172.92, moving -1.76% from the previous trading session. This change lagged the S&P 500's daily gain of 0.46%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the wireless communications infrastructure company had gained 0.44% over the past month, outpacing the Finance sector's loss of 0% and lagging the S&P 500's gain of 2%.
Analysts and investors alike will be keeping a close eye on the performance of American Tower in its upcoming earnings disclosure. The company is expected to report EPS of $2.82, up 1.44% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.77 billion, reflecting a 2.06% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.07 per share and revenue of $11.04 billion, which would represent changes of +2.88% and +3.68%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for American Tower. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.2% higher within the past month. Right now, American Tower possesses a Zacks Rank of #2 (Buy).
With respect to valuation, American Tower is currently being traded at a Forward P/E ratio of 15.9. This valuation marks a premium compared to its industry average Forward P/E of 12.72.
It is also worth noting that AMT currently has a PEG ratio of 2.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.43 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 36% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMT in the coming trading sessions, be sure to utilize Zacks.com.
American Tower zvýšil výhled na rok 2026: výnosy z nemovitostí mají činit 10,70–10,85 miliardy USD a AFFO na akcii 11–11,17 USD. Ve 2. čtvrtletí tržby vzrostly o 4,7 % na 2,75 miliardy USD a AFFO na akcii činil 2,71 USD.
It has been about a month since the last earnings report for American Tower (AMT - Free Report) . Shares have lost about 2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is American Tower due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for American Tower Corporation before we dive into how investors and analysts have reacted as of late.
American Tower Q2 AFFO Meets Estimates, Revenues Beat, '26 View UpAmerican Tower Corporation reported second-quarter 2026 adjusted funds from operations (AFFO) per share of $2.71, matching the Zacks Consensus Estimate. The metric increased 4.2% from the year-ago quarter.
Total revenues rose 4.7% year over year to $2.75 billion, surpassing the consensus mark by 1.5%. Results benefited from higher property revenues, robust global leasing activity and continued data center growth.
American Tower’s Property Portfolio Drives Revenue GrowthTotal property revenues increased 6.3% year over year to $2.69 billion. Property operations remained the company’s primary growth engine, supported by tower leasing demand and expansion across its data center platform.
Total tenant billings grew 2.4%, while organic tenant billings rose $34 million. Property gross margin expanded 4.9% to $1.98 billion, with the property gross margin standing at 73.7%.
American Tower Benefits From Data Center DemandData center revenues increased 13.4% year over year to $297 million. Cash revenues jumped 12.3%, reflecting healthy customer demand and strong leasing activity at CoreSite.
Management highlighted record leasing activity in the business. The company now expects data center property revenue growth of 14.9% at the midpoint of its updated 2026 outlook, indicating faster growth than anticipated earlier in the year.
American Tower Posts Broad Regional Leasing TrendsOrganic tenant billings growth, excluding the impact of DISH churn, was approximately 4% globally. Africa & APAC delivered a 10.6% rise, while Europe recorded an increase of 4.1%.
U.S. & Canada organic tenant billings grew 0.7% on a reported basis but were approximately 5% when excluding DISH churn. Latin America declined 2.4%, reflecting softer tenant billing trends in the region.
American Tower Generates Strong Cash FlowCash provided by operating activities increased 16% year over year to $1.49 billion. After total cash capital expenditures of $329 million, free cash flow climbed 19.6% to $1.16 billion.
The company declared a quarterly distribution of $1.79 per share, up 5.3% from the prior-year period. It also repurchased approximately 0.1 million shares for about $19 million during the quarter.
American Tower Maintains Financial FlexibilityAmerican Tower ended June with net debt of $35.43 billion, resulting in a net leverage ratio of 4.9 times annualized adjusted EBITDA.
Total liquidity stood at approximately $9.9 billion. This included nearly $1.8 billion in cash and roughly $8.2 billion available under revolving credit facilities, net of outstanding letters of credit.
American Tower Raises Its 2026 OutlookAmerican Tower raised the midpoint of its full-year property revenue outlook by $110 million. Property revenues are now projected between $10.70 billion and $10.85 billion, implying 4.5% growth at the midpoint. AFFO per share is projected between $11 and $11.17.
The updated outlook reflects favorable currency movements, data center outperformance and one-time expense benefits. The company also expects approximately 1% organic tenant billings growth, or roughly 4%, excluding DISH churn, along with about 15% data center revenue growth.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in fresh estimates.
VGM ScoresAt this time, American Tower has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, American Tower has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerAmerican Tower is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, Digital Realty Trust (DLR - Free Report) , a stock from the same industry, has gained 2.8%. The company reported its results for the quarter ended June 2026 more than a month ago.
Digital Realty Trust reported revenues of $1.92 billion in the last reported quarter, representing a year-over-year change of +28.9%. EPS of $1.21 for the same period compares with $1.87 a year ago.
For the current quarter, Digital Realty Trust is expected to post earnings of $1.98 per share, indicating a change of 0% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.1% over the last 30 days.
Digital Realty Trust has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.
Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of American Tower Corporation (NYSE:AMT – Free Report) by 29.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,057,200 shares of the real estate investment trust’s stock after acquiring an additional 471,600 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.44% of American Tower worth $336,496,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Oakworth Capital Inc. lifted its holdings in shares of American Tower by 90.7% during the fourth quarter. Oakworth Capital Inc. now owns 143 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Swiss RE Ltd. acquired a new stake in shares of American Tower in the fourth quarter worth $25,000. Allied Private Wealth LLC acquired a new stake in shares of American Tower in the second quarter worth $29,000. Triumph Capital Management bought a new position in American Tower during the third quarter worth $29,000. Finally, Acumen Wealth Advisors LLC acquired a new position in American Tower during the 4th quarter valued at $29,000. 92.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In A number of brokerages have weighed in on AMT. Royal Bank Of Canada raised shares of American Tower from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $195.00 to $205.00 in a report on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on shares of American Tower from $245.00 to $240.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $214.00 price objective on shares of American Tower in a research report on Wednesday, July 29th. TD Cowen lifted their target price on American Tower from $225.00 to $227.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Mizuho set a $208.00 price target on American Tower in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American Tower currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.
View Our Latest Report on American Tower American Tower Trading Up 0.3% Shares of American Tower stock opened at $176.36 on Monday. American Tower Corporation has a 52-week low of $160.06 and a 52-week high of $214.79. The firm has a market capitalization of $82.18 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.90. The company has a debt-to-equity ratio of 3.12, a current ratio of 0.52 and a quick ratio of 0.52. The company’s fifty day moving average price is $171.26 and its two-hundred day moving average price is $177.78.
American Tower (NYSE:AMT – Get Free Report) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $1.57 by $1.14. American Tower had a net margin of 31.08% and a return on equity of 32.76%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the business earned $2.60 EPS. The firm’s revenue was up 4.6% on a year-over-year basis. American Tower has set its FY 2026 guidance at 11.000-11.170 EPS. On average, analysts expect that American Tower Corporation will post 10.8 EPS for the current year.
Insider Buying and Selling In related news, CFO Robert Joseph Meyer sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 21,428 shares of the company’s stock, valued at $3,833,254.92. The trade was a 18.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ruth T. Dowling sold 1,106 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 27,711 shares in the company, valued at $4,848,316.56. This trade represents a 3.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,791 shares of company stock worth $1,204,091 over the last ninety days. Company insiders own 0.08% of the company’s stock.
American Tower Company Profile (Free Report)
American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.
Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.
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American Tower (AMT - Free Report) came out with quarterly funds from operations (FFO) of $2.71 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $2.6 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this wireless communications infrastructure company would post FFO of $2.5 per share when it actually produced FFO of $2.84, delivering a surprise of +13.6%.
Over the last four quarters, the company has surpassed consensus FFO estimates three times.
American Tower, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $2.75 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.51%. This compares to year-ago revenues of $2.63 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
American Tower shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for American Tower?While American Tower has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for American Tower was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $2.81 on $2.73 billion in revenues for the coming quarter and $10.97 on $10.91 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Alexandria Real Estate Equities (ARE - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 3.
This life science real estate company is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of -29.2%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Alexandria Real Estate Equities' revenues are expected to be $649.02 million, down 14.8% from the year-ago quarter.
American Tower oznámí hospodářské výsledky za 2. čtvrtletí 2026 před úterním otevřením trhu. Analytici čekají zisk 1,57 USD na akcii a výnosy 2,6995 miliardy USD.
American Tower (NYSE:AMT – Get Free Report) is anticipated to announce its Q2 2026 results before the market opens on Tuesday, July 28th. Analysts expect the company to announce earnings of $1.57 per share and revenue of $2.6995 billion for the quarter. American Tower has set its FY 2026 guidance at 10.900-11.07 EPS. Individuals can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, July 28, 2026 at 8:30 AM ET.
American Tower (NYSE:AMT – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $1.24. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.66 billion. American Tower had a return on equity of 27.79% and a net margin of 26.81%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. On average, analysts expect American Tower to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.
American Tower Stock Up 1.2% AMT stock opened at $166.66 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market capitalization of $77.65 billion, a P/E ratio of 26.92, a P/E/G ratio of 0.70 and a beta of 0.91. The business has a 50-day moving average of $176.77 and a 200-day moving average of $178.35. American Tower has a fifty-two week low of $160.06 and a fifty-two week high of $231.54.
American Tower Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, July 13th. Investors of record on Friday, June 12th were given a $1.79 dividend. This represents a $7.16 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, June 12th. American Tower’s dividend payout ratio (DPR) is currently 115.67%.
Analyst Upgrades and Downgrades A number of brokerages have recently commented on AMT. Barclays cut their price objective on shares of American Tower from $200.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada upgraded American Tower from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $195.00 to $205.00 in a report on Friday, June 26th. Truist Financial lifted their target price on American Tower from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and set a $240.00 target price on shares of American Tower in a report on Wednesday, April 29th. Finally, Jefferies Financial Group raised their price target on American Tower from $209.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Tower presently has an average rating of “Moderate Buy” and a consensus target price of $215.57.
View Our Latest Report on AMT
Insider Transactions at American Tower In related news, EVP Ruth T. Dowling sold 416 shares of American Tower stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $177.54, for a total transaction of $73,856.64. Following the completion of the transaction, the executive vice president owned 29,461 shares in the company, valued at approximately $5,230,505.94. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.08% of the company’s stock.
Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently made changes to their positions in AMT. Compound Planning Inc. increased its holdings in shares of American Tower by 3.5% during the 4th quarter. Compound Planning Inc. now owns 7,099 shares of the real estate investment trust’s stock worth $1,246,000 after acquiring an additional 243 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in American Tower by 33.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 34,374 shares of the real estate investment trust’s stock valued at $6,035,000 after purchasing an additional 8,551 shares during the last quarter. Caitlin John LLC boosted its position in American Tower by 2,036.4% during the fourth quarter. Caitlin John LLC now owns 235 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 224 shares during the period. Andrews Advisory Associates LLC bought a new position in American Tower during the fourth quarter worth $329,000. Finally, Vident Advisory LLC increased its holdings in shares of American Tower by 4.1% in the fourth quarter. Vident Advisory LLC now owns 43,205 shares of the real estate investment trust’s stock valued at $7,586,000 after purchasing an additional 1,719 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors.
American Tower Company Profile (Get Free Report)
American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.
Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.
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American Tower (AMT) klesl o 3,29 % na 168,72 USD, tedy výrazně víc než širší trh. Před zveřejněním výsledků trh čeká zisk na akcii 2,69 USD a tržby 2,71 mld. USD.
American Tower (AMT - Free Report) ended the recent trading session at $168.72, demonstrating a -3.29% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq decreased by 0.46%.
Heading into today, shares of the wireless communications infrastructure company had lost 5.69% over the past month, lagging the Finance sector's gain of 2.29% and the S&P 500's loss of 1.4%.
Market participants will be closely following the financial results of American Tower in its upcoming release. The company is forecasted to report an EPS of $2.69, showcasing a 3.46% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.71 billion, indicating a 3.09% increase compared to the same quarter of the previous year.
AMT's full-year Zacks Consensus Estimates are calling for earnings of $10.97 per share and revenue of $10.91 billion. These results would represent year-over-year changes of +1.95% and +2.53%, respectively.
It is also important to note the recent changes to analyst estimates for American Tower. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. American Tower is currently a Zacks Rank #3 (Hold).
From a valuation perspective, American Tower is currently exchanging hands at a Forward P/E ratio of 15.9. This expresses a premium compared to the average Forward P/E of 13.2 of its industry.
Also, we should mention that AMT has a PEG ratio of 0.71. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Other industry had an average PEG ratio of 2.49 as trading concluded yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 82, this industry ranks in the top 34% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
