Last $82.84 USD
Change Today +0.46 / 0.56%
Volume 835.0K
As of 12:12 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

american tower corp (AMT) Snapshot

Open
$82.49
Previous Close
$82.38
Day High
$83.13
Day Low
$82.45
52 Week High
05/21/13 - $85.26
52 Week Low
08/22/13 - $67.89
Market Cap
32.8B
Average Volume 10 Days
2.3M
EPS TTM
$1.48
Shares Outstanding
395.7M
EX-Date
04/8/14
P/E TM
56.1x
Dividend
$1.28
Dividend Yield
1.40%
Current Stock Chart for AMERICAN TOWER CORP (AMT)

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american tower corp (AMT) Details

American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm through its subsidiaries owns, operates and develops wireless and broadcast communications real estate. Through its subsidiaries it leases antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.

2,716 Employees
Last Reported Date: 02/26/14
Founded in 1995

american tower corp (AMT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $730.0K
Executive Vice President of International Ope...
Total Annual Compensation: $600.0K
Executive Vice President and President of U.S...
Total Annual Compensation: $600.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $530.0K
Compensation as of Fiscal Year 2013.

american tower corp (AMT) Key Developments

American Tower Corporation Declares Quarterly Distribution, Payable on April 25, 2014

American Tower Corporation announced that its board of directors has declared its quarterly cash distribution of $0.32 per share. The distribution is payable on April 25, 2014 to stockholders of record at the close of business on April 10, 2014.

American Tower Reportedly Mulls To Bid For Viom

American Tower Corporation (NYSE:AMT) is seeking to make a bid to acquire Viom Networks Limited majority-owned by Tata Teleservices Limited, three people familiar with the matter said. American Tower is willing to value Viom at around INR 100 billion to INR 120 billion, excluding debt, one of the people said. Viom’s debt is estimated at INR 72 billion, which is expected to fall to around INR 65 billion by the end of 2014. American Tower may make a bid by March 7, said another person. It was earlier looking to place a bid by February 25, this person said. “There is a chance it will be further delayed, simply because we are still figuring out how exactly to value Viom.” Viom is 54% owned by Tata Teleservices, around 18% by SREI Infrastructure Finance Limited (BSE:523756) and the rest by private-equity firms like GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund, and SBI Macquarie Infrastructure Management Pvt., Ltd. A Viom spokesman denied any talks with American Tower, but said the company has engaged financial advisers to explore options to raise capital. “Some of the advisers have indicated a valuation range of INR 220 billion to INR 270 billion.

American Tower Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year December 31, 2013; Provides Earnings Guidance for the Full Year 2014

American Tower Corporation reported unaudited consolidated earnings results for the fourth quarter and full year December 31, 2013. For the quarter, the company’s total operating revenues were $941,969,000 against $768,374,000 a year ago. Operating income was $292,928,000 against $279,235,000 a year ago. Income from continuing operations before income taxes and income on equity method investments was $110,105,000 against $161,330,000 a year ago. Net income was $73,925,000 against $118,153,000 a year ago. Net income attributable to American Tower Corporation was $99,982,000 or $0.25 diluted per share against $135,679,000 or $0.34 diluted per share a year ago. Payments for purchase of property and equipment and construction activities were $276,283,000 against $191,021,000 a year ago. Adjusted EBITDA was $600,137,000 against $500,630,000 a year ago. Adjusted funds from operations were $378,166,000 or $0.95 per share against $295,288,000 or $0.75 per share a year ago. The increased in operating income and decreased in net income attributable to the company was primarily attributable to the company's recognition of unrealized non-cash losses of $60.0 million associated with fluctuations in foreign currency exchange rates related to intercompany loans and similar unaffiliated balances. Cash provided by operating activities increased 52.6% to $454.6 million. Capital improvement capital expenditures were $20,170,000 against $30,856,000 a year ago. Corporate capital expenditures were $5,778,000 against $5,853,000 a year ago. For the year, the company’s total operating revenues were $3,361,407,000 against $2,875,960,000 a year ago. Operating income was $1,214,305,000 against $1,119,719,000 a year ago. Income from continuing operations before income taxes and income on equity method investments was $541,749,000 against $701,294,000 a year ago. Net income was $482,208,000 against $594,025,000 a year ago. Net income attributable to American Tower Corporation was $551,333,000 or $1.38 diluted per share against $637,283,000 or $1.60 diluted per share a year ago. Cash provided by operating activities was $1,599,047,000 against $1,414,391,000 a year ago. Payments for purchase of property and equipment and construction activities were $724,532,000 against $568,048,000 a year ago. Adjusted EBITDA was $2,176,362,000 against $1,892,421,000 a year ago. Adjusted funds from operations were $1,469,518,000 or $3.68 per share against $1,222,605,000 or $3.06 diluted per share a year ago. The decrease in net income was primarily attributable to the Company’s recognition of unrealized non-cash losses of $211.7 million associated with fluctuations in foreign currency exchange rates related to intercompany loans and similar unaffiliated balances. Net debt as on December 31, 2013 was $14,184,702,000. Capital improvement capital expenditures were $81,218,000 against $75,444,000 a year ago. Corporate capital expenditures were $30,383,000 against $20,047,000 a year ago. For the full year 2014, the company expects total rental and management revenue to be $3,820 million to $3,910 million; adjusted EBITDA to be $2,500 million to $2,560 million; adjusted funds from operations to be $1,680 million to $1,740 million; net income to be $765 million to $805 million; capital expenditures to be $850 million to $950 million; interest expense to be $597 million to $580 million; depreciation, amortization and accretion to be $965 million to $985 million; adjusted EBITDA to be $2,500 million to $2,560 million; capital improvement capital expenditures to be $100 million to $110 million; and corporate capital expenditures to be $20 million. The company generate about $2 billion of cash flow from operations this year.

 

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AMT

Industry Average

Valuation AMT Industry Range
Price/Earnings 59.6x
Price/Sales 9.7x
Price/Book 9.2x
Price/Cash Flow 24.1x
TEV/Sales 5.3x
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