Brokers Offer Predictions for SBAC Q1 Earnings

Key Points

• KeyCorp forecasts SBA Communications will earn $2.78 per share in Q1 2027, with quarterly estimates of $2.72–$2.89 for the rest of the year; full-year consensus is $11.45 per share.
• In its latest quarter, SBA reported EPS of $2.19, beating the $2.09 consensus, but revenue of $713.92 million missed expectations and fell 2.5% year over year.
• Analyst sentiment is a Moderate Buy, with nine Buy and nine Hold ratings and an average price target of $224.64. The company also announced a $1.25 quarterly dividend, equal to a 2.6% yield.

SBA Communications Corporation (NASDAQ:SBAC - Free Report) - Analysts at KeyCorp issued their Q1 2027 earnings estimates for SBA Communications in a research report issued to clients and investors on Monday, November 2nd. KeyCorp analyst B. Nispel expects that the technology company will earn $2.78 per share for the quarter. The consensus estimate for SBA Communications' current full-year earnings is $11.45 per share. KeyCorp also issued estimates for SBA Communications' Q2 2027 earnings at $2.72 EPS, Q3 2027 earnings at $2.89 EPS and Q4 2027 earnings at $2.86 EPS.

SBA Communications (NASDAQ:SBAC - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The technology company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.10. The company had revenue of $713.92 million during the quarter, compared to analysts' expectations of $724.07 million. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The business's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share.

Several other equities analysts also recently commented on SBAC. Citigroup reiterated a "market outperform" rating on shares of SBA Communications in a report on Tuesday, November 3rd. Truist Financial reduced their price objective on shares of SBA Communications from $238.00 to $235.00 and set a "buy" rating for the company in a research note on Wednesday, November 4th. UBS Group downgraded shares of SBA Communications from a "market perform" rating to a "hold" rating in a report on Monday, August 24th. JPMorgan Chase & Co. decreased their price objective on shares of SBA Communications from $220.00 to $200.00 and set a "neutral" rating for the company in a report on Tuesday, November 3rd. Finally, Wells Fargo & Company set a $200.00 target price on shares of SBA Communications in a research note on Tuesday, November 3rd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, SBA Communications presently has an average rating of "Moderate Buy" and an average price target of $224.64.

SBA Communications Stock Performance

Shares of SBAC stock opened at $190.35 on Tuesday. The stock's 50 day simple moving average is $179.79 and its 200 day simple moving average is $190.02. SBA Communications has a twelve month low of $156.60 and a twelve month high of $224.46. The company has a market capitalization of $20.19 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 1.96 and a beta of 0.97.

Hedge Funds Weigh In On SBA Communications

Large investors have recently added to or reduced their stakes in the company. Raiffeisen Bank International AG increased its position in shares of SBA Communications by 184.8% during the second quarter. Raiffeisen Bank International AG now owns 188 shares of the technology company's stock valued at $34,000 after purchasing an additional 122 shares during the period. CX Institutional lifted its position in SBA Communications by 44.2% in the second quarter. CX Institutional now owns 212 shares of the technology company's stock worth $37,000 after purchasing an additional 65 shares during the period. Provenance Wealth Advisors LLC bought a new position in SBA Communications in the third quarter worth $36,000. Eastern Bank acquired a new stake in SBA Communications during the second quarter worth $44,000. Finally, Root Financial Partners LLC bought a new stake in SBA Communications in the 3rd quarter valued at $48,000. Institutional investors and hedge funds own 97.35% of the company's stock.

Insider Buying and Selling at SBA Communications

In related news, Director George R. Krouse, Jr. sold 300 shares of SBA Communications stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $182.67, for a total transaction of $54,801.00. Following the sale, the director directly owned 8,512 shares of the company's stock, valued at $1,554,887.04. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.50% of the company's stock.

SBA Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 12th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 12th. SBA Communications's dividend payout ratio (DPR) is presently 53.94%.

SBA Communications Company Profile

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