American Tower Corporation (REIT) (NYSE:AMT) will be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect American Tower Corporation (REIT) to post earnings of $0.79 per share for the quarter.

American Tower Corporation (REIT) (NYSE:AMT) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.55 by ($0.75). The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. American Tower Corporation (REIT) had a net margin of 18.58% and a return on equity of 16.70%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. On average, analysts expect American Tower Corporation (REIT) to post $3.04 EPS for the current fiscal year and $3.70 EPS for the next fiscal year.

Shares of American Tower Corporation (NYSE:AMT) opened at 138.75 on Tuesday. American Tower Corporation has a 52 week low of $99.72 and a 52 week high of $148.71. The company has a market capitalization of $59.55 billion, a PE ratio of 55.50 and a beta of 0.69. The company has a 50 day moving average price of $140.21 and a 200 day moving average price of $134.57.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were issued a $0.66 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from American Tower Corporation (REIT)’s previous quarterly dividend of $0.64. This represents a $2.64 annualized dividend and a yield of 1.90%. American Tower Corporation (REIT)’s dividend payout ratio (DPR) is 106.02%.

In other American Tower Corporation (REIT) news, EVP Edmund Disanto sold 10,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $136.00, for a total value of $1,360,000.00. Following the completion of the transaction, the executive vice president now directly owns 151,928 shares of the company’s stock, valued at approximately $20,662,208. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Amit Sharma sold 20,747 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $139.67, for a total transaction of $2,897,733.49. Following the completion of the transaction, the executive vice president now directly owns 101,605 shares of the company’s stock, valued at $14,191,170.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 113,747 shares of company stock valued at $16,054,543. Insiders own 0.86% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/24/american-tower-corporation-reit-amt-set-to-announce-earnings-on-tuesday.html.

Several research firms recently commented on AMT. Jefferies Group LLC reaffirmed a “buy” rating and issued a $144.00 price objective on shares of American Tower Corporation (REIT) in a report on Tuesday, September 12th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $153.00 price objective on shares of American Tower Corporation (REIT) in a report on Friday, September 1st. UBS AG raised their price objective on shares of American Tower Corporation (REIT) from $150.00 to $163.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Citigroup Inc. raised their price objective on shares of American Tower Corporation (REIT) from $142.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, BidaskClub raised shares of American Tower Corporation (REIT) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $148.58.

About American Tower Corporation (REIT)

American Tower Corporation (ATC) is a holding company. The Company operates as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. ATC’s segments include U.S. property, Asia property, EMEA property, Latin America property, Services and Other.

Earnings History for American Tower Corporation (REIT) (NYSE:AMT)

Receive News & Ratings for American Tower Corporation (REIT) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Tower Corporation (REIT) and related companies with MarketBeat.com's FREE daily email newsletter.