Key Details
Price
$208.84Last Dividend
$1.62Annual ROE
12.75%Beta
-0.07Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Oct 29, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 09, 2024Next split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Screeners with AMT included
Market Data
Dividend
Profitability
Efficiency
Valuation
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Cash Flow
Institutional Ownership
AMT is expected to benefit from strong demand for wireless connectivity and its investment strategy, even though it faces challenges from having a few key customers and industry consolidation.
The challenges to American Tower's growth are expected to lessen next year.
American Tower Corporation shared its Q3-2024 results and revealed the sale of its business in India. Investors are still optimistic about a comeback to its past success. However, the company is finding it difficult to regain the same level of growth it experienced in its prime.
AMT's results for the third quarter show an increase in revenue compared to last year and significant growth in tenant billing. However, the company has reduced its expectations for 2024.
The financial results for American Tower (AMT) from the quarter ending in September 2024 provide insight into the company's performance. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
American Tower (AMT) reported quarterly funds from operations (FFO) of $2.64 per share, which is higher than the Zacks Consensus Estimate of $2.54 per share. This is an increase compared to last year's FFO of $2.58 per share.
The American Tower Corporation (NYSE:AMT) held its Q3 2024 Earnings Call on October 29, 2024, at 8:30 AM ET. Key company participants included Adam Smith, Steve Vondran, and Rod Smith, while various analysts from firms like Raymond James and Goldman Sachs also joined the call. The operator welcomed everyone and thanked them for their patience as the conference began.
AMT's earnings for the third quarter are expected to be negatively affected by high interest costs and increased customer turnover, even though there is strong demand for its communication real estate assets.
In addition to Wall Street's predictions for American Tower's (AMT) revenue and profits, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in September 2024.
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