American Tower Corporation (AMT) closed at $213.12 on the latest trading session, marking a 1.41% increase. This performance outpaced the S&P 500’s daily decline of 1.39%, while the Dow gained 0.6% and the Nasdaq dropped by 2.77%. Over the past month, AMT shares have risen by 9.01%, outperforming the S&P 500, which gained 4.43%.
The company is scheduled to release its earnings report on July 30, 2024, with an expected earnings per share (EPS) of $2.53, reflecting a 2.85% increase year-over-year. Analysts project net sales of $2.81 billion, up 1.24% from the previous year. For the full year, the consensus estimates suggest earnings of $10.45 per share and revenue of $11.17 billion, representing changes of +5.88% and +0.25%, respectively.
Currently, AMT holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 20.11, which is higher than the industry average of 12.71. The company’s PEG ratio stands at 1.42, compared to the industry average of 2.31. The REIT and Equity Trust – Other industry, to which AMT belongs, ranks in the bottom 40% of over 250 industries according to Zacks Industry Rank.
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