- American Tower Boosts FY Adj. Ebitda Forecast: New forecast of $7.25 billion to $7.36 billion, up from previous $7.12 billion to $7.23 billion.
- Beats Estimates: The company’s forecast beats the $7.17 billion estimate.
- Increased AFFO/share: Revised to $10.48 to $10.72, from previous $10.30 to $10.53.
- Higher AFFO: Now projected at $4.91 billion to $5.02 billion, up from $4.82 billion to $4.93 billion.
- Second Quarter Results:
- Adjusted Ebitda: $1.89 billion, up 8.1% year-over-year (YoY), beating the $1.78 billion estimate.
- Adjusted Ebitda Margin: 65.2%, up from 63% YoY, beating the 62.8% estimate.
- Revenue: $2.90 billion, up 4.6% YoY, surpassing the $2.83 billion estimate.
- US & Canada Revenue: $1.32 billion, a 0.9% increase YoY, in line with the $1.31 billion estimate.
- International Revenue: $1.31 billion, a 7% rise YoY, above the $1.26 billion estimate.
- Higher AFFO/share in Q2: $2.79, compared to $2.46 YoY.
- Analyst Ratings: 19 buys, 7 holds, 0 sells.
A look at American Tower Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, American Tower has a solid long-term outlook. The company scores well in Dividend and Momentum, indicating strong performance in these areas. With a focus on providing good dividends to investors and showing positive momentum in its operations, American Tower presents itself as a promising investment opportunity. While the Value and Resilience scores are not as high, the Growth score sits in the middle range, suggesting potential for expansion and development in the future.
American Tower Corp., a real estate investment trust, specializes in owning and operating wireless communications and broadcast towers in the U.S. The company leases antenna sites to various wireless communication industries, such as cellular and personal communications services. Overall, American Tower‘s Smart Scores reflect a company with favorable dividend payouts, promising growth prospects, and strong operational momentum, making it an attractive choice for investors looking towards the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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