Wall Street analyst estimates for American Tower Corporation (AMT): consensus price target, buy/hold/sell recommendations and forecasts for revenue, EPS and EBITDA for the upcoming fiscal years.
American Tower Corporation is one of the largest global real estate investment trusts. It is a leading independent owner, operator and developer of multitenant communications real estate. The Company's primary business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a few other industries.
Analyst Consensus
| Strong Buy | 1 |
| Buy | 40 |
| Hold | 9 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 50 |
| Avg rating (1-5) | 0.84 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-10-27 | $1.64 | ||
| 2026-07-28 | $1.86 | $1.57 | +18.5% |
| 2026-04-28 | $1.84 | $1.60 | +15.0% |
| 2026-02-24 | $1.75 | $1.48 | +18.2% |
| 2025-10-28 | $1.82 | $1.65 | +10.3% |
| 2025-07-29 | $0.78 | $1.67 | -53.3% |
| 2025-04-29 | $1.05 | $1.61 | -34.8% |
| 2025-02-25 | $2.62 | $1.74 | +50.6% |
Valuation Ratios
| P/E Ratio | 22.31 |
| Price / Book | 20.32 |
| EV / EBITDA | 16.91 |
| Dividend Yield | 4.36% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.79B | $6.66B | $7.44B | $7.58B | $8.04B | $9.36B | $9.65B | $10.01B | $10.13B | $10.65B |
| Cost of Revenue | $1.79B | $2.05B | $2.18B | $2.21B | $2.23B | $2.68B | $2.57B | $2.56B | $2.57B | $2.80B |
| Gross Profit | $4.00B | $4.61B | $5.26B | $5.37B | $5.81B | $6.67B | $7.08B | $7.45B | $7.55B | $7.84B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $545.8M | $639.9M | $733.2M | $733.2M | $778.7M | $811.6M | $902.1M | $946.0M | $933.4M | $944.2M |
| Operating Expenses | $2.14B | $2.61B | $3.36B | $2.68B | $2.93B | $3.54B | $4.34B | $4.33B | $3.04B | $2.96B |
| Operating Income | $1.85B | $2.00B | $1.91B | $2.69B | $2.89B | $3.13B | $2.74B | $3.13B | $4.52B | $4.88B |
| EBITDA | $3.37B | $3.72B | $4.09B | $4.51B | $4.50B | $6.03B | $6.58B | $6.00B | $7.15B | $6.12B |
| Interest Expense | $718.3M | $750.8M | $825.6M | $814.2M | $793.5M | $870.9M | $1.14B | $1.39B | $1.40B | $1.02B |
| Pre-tax Income | $1.13B | $1.26B | $1.15B | $1.92B | $1.82B | $2.83B | $2.09B | $1.53B | $3.62B | $3.04B |
| Income Tax | $155.5M | $30.7M | -$110.1M | -$200,000 | $129.6M | $261.8M | $112.8M | $90.8M | $366.3M | $415.7M |
| Net Income | $956.4M | $1.24B | $1.24B | $1.89B | $1.69B | $2.57B | $1.77B | $1.48B | $2.25B | $2.53B |
| EPS | $2.00 | $2.69 | $2.81 | $4.27 | $3.81 | $5.69 | $3.83 | $3.18 | $4.83 | $5.40 |
| EPS (Diluted) | $1.98 | $2.67 | $2.79 | $4.24 | $3.79 | $5.66 | $3.82 | $3.18 | $4.82 | $5.39 |
| Shares Outstanding (Diluted) | $429.3M | $431.7M | $443.0M | $445.5M | $446.1M | $453.3M | $462.8M | $467.2M | $468.1M | $469.1M |
Price
| Price | $162.26 |
| Market Cap | $75.6B |
| Exchange | NYSE |
| Country | US |
Related companies: CCI · DLR · EQIX · O · PLD · PSA · SBAC
Explore sector: Real Estate · REIT - Specialty
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