|Bid||0.00 x 1200|
|Ask||0.00 x 1400|
|Day's Range||59.26 - 59.58|
|52 Week Range||50.79 - 68.58|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
American Tower (AMT) deployed $600 million of capital in 3Q17, bringing its year-to-date amount to $3.6 billion. It spent $488 million on discretionary capex (capital expenditure) for construction and an increase in capacity for its existing sites and acquire land. It spent $90 million in the form of non-discretionary capex.
During 3Q17, American Tower (AMT) strengthened its revenues on higher organic growth in domestic and international markets such as India and Mexico. REITs are heavily dependent on debt for their routine activities, so they need to maintain a strong balance sheet. AMT’s debt-to-equity ratio stands at 2.96x, which is much higher than the industry average of 1.03x.
American Tower (AMT) stated in its 3Q17 earnings call, “According to Cisco, the average U.S. smartphone now consumes more than 4.4 gigabits of data per month, a 33% increase from just one year ago.” The increase is mainly due to video consumption, which has increased due to unlimited data plans offered by all major US wireless carriers. Data usage is also increasing in international markets due to smartphone penetration. Data usage is expected on average to increase 50% by 2021 in Mexico, India, Brazil, South Africa, and Nigeria.
AMT’s current price-to-FFO multiple stands at ~22.1x. After 2Q17, American Tower offers a next-12-month dividend yield of 1.9%.
In 2Q17, American Tower distributed cash worth $275 million among its common stockholders and paid preferred stock dividends totaling $27 million.
American Tower’s (AMT) 2Q17 EBITDA grew 17.5% to $1.02 billion. These results surpassed the analysts’ expectations of $1 billion.
For 2Q17, American Tower (AMT) has reported robust double-digit revenue growth of 15.3%, backed primarily by higher tenant billing growth.
For fiscal 2017, American Tower expects to report property revenues that would be 14% higher on a year-over-year basis, or by $25 million.
For 2Q17, American Tower (AMT) reported adjusted funds from operation of $1.58 per share, meeting Wall Street estimates and topping 2Q16 by 18.8%.
AMT’s current price-to-FFO ratio stands at 20.06x. The company has undertaken several acquisitions and strategic partnerships to boost its presence in high-demand geographies.
American Tower has paid dividends to its shareholders in every quarter since it became a public company. On June 1, AMT hiked its quarterly dividend by 3.2%.
According to Wall Street analysts, American Tower (AMT) is expected to report EBITDA (earnings before income tax, depreciation, and amortization) of $1 billion in 2Q17.
Wireless tower owner American Tower (AMT) is expected to post flat year-over-year (or YoY) top and bottom line results when it releases its 2Q17 earnings on July 27, 2017.
Analysts expect wireless tower operator American Tower (AMT) to report revenue of $1.6 billion in its 2Q17 earnings call on July 27, 2017.
American Tower is scheduled to report its 2Q17 earnings on July 27, 2017. Analysts expect it to report adjusted funds from operations per diluted share of $1.58.
ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 10 of its ETFs. The splits will not change the total value of a shareholder's investment.