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

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

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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; melodie.warner@dowjones.com 

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Financials ($)
Sales 2017 6 652 M
EBIT 2017 2 304 M
Net income 2017 1 310 M
Debt 2017 18 710 M
Yield 2017 1,87%
P/E ratio 2017 46,19
P/E ratio 2018 37,89
EV / Sales 2017 11,8x
EV / Sales 2018 11,0x
Capitalization 59 935 M
Chart AMERICAN TOWER CORP
Duration : Period :
American Tower Corp Technical Analysis Chart | AMT | US03027X1000 | 4-Traders
Technical analysis trends AMERICAN TOWER CORP
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 148 $
Spread / Average Target 5,7%
EPS 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, Treasurer & Executive VP
Pamela D. A. Reeve Lead Independent Director
Raymond P. Dolan Independent Director
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