A new trading day began on Tuesday, with American Tower Corp. (NYSE: AMT) stock price up 0.33% from the previous day of trading, before settling in for the closing price of $219.66. AMT’s price has ranged from $154.58 to $236.13 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 8.57% over the past five years. Meanwhile, its annual earnings per share averaged 118.47%. With a float of $465.29 million, this company’s outstanding shares have now reached $466.30 million.
Let’s look at the performance matrix of the company that is accounted for 5643 employees. In terms of profitability, gross margin is 54.91%, operating margin of 35.39%, and the pretax margin is 24.14%.
American Tower Corp. (AMT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Specialty Industry. The insider ownership of American Tower Corp. is 0.38%, while institutional ownership is 95.17%. The most recent insider transaction that took place on Aug 02 ’24, was worth 2,333,902. In this transaction EVP & President, LatAm & EMEA of this company sold 10,005 shares at a rate of $233.27, taking the stock ownership to the 51,746 shares. Before that another transaction happened on Aug 02 ’24, when Company’s President and CEO sold 21,537 for $230.00, making the entire transaction worth $4,953,510. This insider now owns 61,843 shares in total.
American Tower Corp. (AMT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.26 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 118.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.27% during the next five years compared to 2.77% growth over the previous five years of trading.
American Tower Corp. (NYSE: AMT) Trading Performance Indicators
Here are American Tower Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.08. Likewise, its price to free cash flow for the trailing twelve months is 30.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.32, a number that is poised to hit 1.61 in the next quarter and is forecasted to reach 6.77 in one year’s time.
Technical Analysis of American Tower Corp. (AMT)
American Tower Corp. (NYSE: AMT) saw its 5-day average volume 1.81 million, a negative change from its year-to-date volume of 2.36 million. As of the previous 9 days, the stock’s Stochastic %D was 26.20%. Additionally, its Average True Range was 4.60.
During the past 100 days, American Tower Corp.’s (AMT) raw stochastic average was set at 76.02%, which indicates a significant increase from 17.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.70% in the past 14 days, which was higher than the 25.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $208.12, while its 200-day Moving Average is $198.62. Nevertheless, the first resistance level for the watch stands at $221.47 in the near term. At $222.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $224.15. If the price goes on to break the first support level at $218.79, it is likely to go to the next support level at $217.21. The third support level lies at $216.11 if the price breaches the second support level.
American Tower Corp. (NYSE: AMT) Key Stats
With a market capitalization of 102.94 billion, the company has a total of 466,975K Shares Outstanding. Currently, annual sales are 11,144 M while annual income is 1,483 M. The company’s previous quarter sales were 2,900 M while its latest quarter income was 900,300 K.
