Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  American Tower Corp    AMT

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

American Tower Corp : American Tower 4Q Net More Than Doubles On Strong Revenue

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/23/2012 | 01:50pm CEST

American Tower Corp.'s (AMT) fourth-quarter earnings more than doubled as the company posted a double-digit increase in rental and management business revenue.

The company also forecast 2012 earnings of $660 million to $680 million on revenue between $2.67 billion and $2.71 billion. Analysts surveyed by Thomson Reuters expect income of $611 million on $2.8 billion in revenue.

The cell-tower operator, with sites in the U.S., Latin America, India and South Africa, has seen its revenue grow in recent quarters, helped by strong demand for broadband-data services in the U.S. and its ongoing global expansion. American Tower converted to a real estate investment trust in late December and has hinted it would introduce a quarterly dividend in early 2012.

American Tower reported a profit of $201.3 million, or 51 cents a share, up from $83.5 million, or 21 cents, a year earlier. Revenue jumped 19% to $653.2 million.

Analysts polled by Thomson Reuters had most recently forecast earnings of 30 cents on revenue of $652 million.

Operating margin edged up to 37.9% from 37.1%.

Revenue jumped 20% for the rental and management business, which makes up a bulk of the top line, while network-development services revenue grew 8.1%.

Shares closed Wednesday at $63.26 and were inactive premarket. The stock has risen 5.4% so far this year.

 
   -By Melodie Warner, Dow Jones Newswires; 212-416-2283; [email protected] 

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICAN TOWER CORP
04/27 AMERICAN TOWER : MA/ MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION..
04/27 AMERICAN TOWER : Millicom signs agreement to sell and lease back towers to Ameri..
04/27 AMERICAN TOWER CORP (NYSE : AMT) reported earnings of $0.67 per share beating Wa..
04/27 AMERICAN TOWER : reports 1Q results
04/27 AMERICAN TOWER CORPORATION (NYSE : AMT) Files An 8-K Results of Operations and F..
04/27 AMERICAN TOWER CORP /MA/ : Results of Operations and Financial Condition, Financ..
04/27 AMERICAN TOWER CORPORATION : Reports First Quarter 2017 Financial Results
04/26 MILLICOM INTERNATIONAL CELLULAR SWE : signs agreement to sell and lease back tow..
04/20 AMERICAN TOWER : Cullinan Associates Inc. Has $4.662 Million Position in America..
04/12 AMERICAN TOWER CORPORATION (NYSE : AMT) Files An 8-K Other Events
More news
Sector news : Specialized REITs - NEC
03/15 GUNDLACH EXPECTS SHORT-TERM RALLY IN : Cnbc
02/23DJPUBLIC STORAGE : Quarterly Results Beat Expectations
02/22DJWELLTOWER : Fourth-Quarter Profit Climbs on Property Sales
02/16DJVentas In Talks to Buy Part or All of Brookdale Senior Living -- Update
02/16DJVentas In Talks to Buy Part or All of Brookdale Senior Living
More sector news : Specialized REITs - NEC
News from SeekingAlpha
04/27 American Tower (AMT) Q1 2017 Results - Earnings Call Transcript
04/27 American Tower Corporation 2017 Q1 - Results - Earnings Call Slides
04/27 American Tower beats by $0.03, beats on revenue
04/26 Notable earnings before Thursday?s open
04/25 One Smart Way To Invest In Smartphones
Advertisement
Financials ($)
Sales 2017 6 521 M
EBIT 2017 2 261 M
Net income 2017 1 205 M
Debt 2017 17 937 M
Yield 2017 2,11%
P/E ratio 2017 43,44
P/E ratio 2018 35,40
EV / Sales 2017 10,8x
EV / Sales 2018 10,1x
Capitalization 52 348 M
More Financials
Chart AMERICAN TOWER CORP
Duration : Period :
American Tower Corp Technical Analysis Chart | AMT | US03027X1000 | 4-Traders
Full-screen chart
Technical analysis trends AMERICAN TOWER CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 135 $
Spread / Average Target 9,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
James D. Taiclet Chairman, President & Chief Executive Officer
William Hal Hess Executive Vice President-International Operations
Thomas A. Bartlett Chief Financial Officer & Executive Vice President
Pamela D. A. Reeve Lead Independent Director
Raymond P. Dolan Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AMERICAN TOWER CORP16.21%52 348
CROWN CASTLE INTERNATI..8.64%34 148
UNITI GROUP INC7.24%4 694
CYRUSONE INC19.09%4 680
THE GEO GROUP INC42.44%4 200
CORECIVIC INC40.84%4 102
More Results