Analysts Say AMT Will Hit $1.74B in Sales For Q1


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American Tower is scheduled to release first-quarter 2018 results, before the opening bell on May 1, and analysts predict they will announce $1.74 billion in sales for the current fiscal quarter, according to Zacks.

Revenues and funds from operations per share are expected to witness a rise year-over-year. The company’s bottom line surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 0.97 percent.

“The company has a substantially leveraged balance sheet. At the end of fourth-quarter 2017, the company had $802.1 million in cash and cash equivalents, and around $19,430.3 million of outstanding long-term debt, compared with $787.2 million and $18,294.7 million, respectively, at the end of December 2016,” according to Yahoo Finance. “Such high debt levels may impede sufficient cash flow generation which is needed to meet future debt obligations. Moreover, this may keep the company from accessing the debt market and refinancing at suitable rates,” Yahoo analysts said.

April 27, 2018

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