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American Tower (NYSE:AMT) is scheduled to announce Q2 earnings results on Thursday, July 27th, before market open.
The consensus FFO estimate is $2.57 and the consensus revenue estimate is $2.72B.
Over the last 2 years, AMT has beaten FFO estimates 75% of the time and revenue estimates 100% of the time.
Past results:
Q1 AFFO of $2.54 beats by $0.08 and revenue of $2767.2M (+4.0% Y/Y) beats by $27.2M.
The company boosted its 2023 guidance for AFFO per share, primarily due to the favorable impacts of foreign currency exchange rate fluctuations.
Last reported book value per share was $11.60, the stock is currently trading at $189.32.
Ratings on AMT:
Sell-side analysts: Buy, with average price target of $236.35.
SA analysts: Buy
Quant Rating system: Sell
American Tower has negative EPS revisions and is overpriced when compared to other real estate stocks. The company has 4-year average dividend yield of 1.99%, while the real estate sector median is 4.28%, according to Quant.
Recent ratings actions:
BMO Capital Markets analyst Ari Klein initiated coverage with an Outperform rating, considering the company’s diversified global tower portfolio.
Recent earnings analysis from SA contributors:
- American Tower: Too Depressed But Buyers’ Redemption Is Likely Close
- Boring Factual Information About AFFO For American Tower
