Equities Analysts Set Expectations for SBAC FY2026 Earnings

Key Points

• KeyCorp expects SBA Communications to earn $11.50 per share in FY2026, slightly above the $11.45 consensus; its FY2027 estimate is $11.25 per share.
• Analyst views are mixed: nine rate the stock Buy and nine Hold, for a “Moderate Buy” consensus and an average price target of $224.64.
• Latest quarterly EPS of $2.19 beat estimates by $0.10, but revenue fell 2.5% year over year and missed forecasts. The company announced a $1.25 quarterly dividend, equivalent to a 2.6% yield.

SBA Communications Corporation (NASDAQ:SBAC - Free Report) - Equities researchers at KeyCorp issued their FY2026 earnings estimates for shares of SBA Communications in a research note issued on Monday, November 2nd. KeyCorp analyst B. Nispel expects that the technology company will post earnings of $11.50 per share for the year. The consensus estimate for SBA Communications' current full-year earnings is $11.45 per share. KeyCorp also issued estimates for SBA Communications' Q4 2026 earnings at $2.81 EPS and FY2027 earnings at $11.25 EPS.

Several other equities analysts have also recently issued reports on the company. BMO Capital Markets reissued a "market perform" rating on shares of SBA Communications in a report on Monday, August 24th. Barclays dropped their target price on SBA Communications from $208.00 to $207.00 and set an "overweight" rating on the stock in a report on Wednesday, September 30th. Jefferies Financial Group upgraded SBA Communications to a "hold" rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. decreased their price target on SBA Communications from $220.00 to $200.00 and set a "neutral" rating for the company in a report on Tuesday, November 3rd. Finally, Citigroup restated a "market outperform" rating on shares of SBA Communications in a research report on Tuesday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $224.64.

SBA Communications Stock Performance

NASDAQ:SBAC opened at $191.43 on Wednesday. The firm's fifty day moving average is $179.82 and its two-hundred day moving average is $190.05. The firm has a market cap of $20.31 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.90 and a beta of 0.97. SBA Communications has a one year low of $156.60 and a one year high of $224.46.

SBA Communications (NASDAQ:SBAC - Get Free Report) last released its quarterly earnings data 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. SBA Communications had a net margin of 34.54% and a negative return on equity of 20.67%. The firm had revenue of $713.92 million for the quarter, compared to analyst estimates of $724.07 million. During the same quarter in the prior year, the business earned $3.30 earnings per share. The business's quarterly revenue was down 2.5% compared to the same quarter last year.

SBA Communications Dividend Announcement

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

Insider Activity at SBA Communications

In other news, Director George R. Krouse, Jr. sold 300 shares of the firm's 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 in the company, valued at $1,554,887.04. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.50% of the stock is owned by company insiders.

Institutional Trading of SBA Communications

Several institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its position in shares of SBA Communications by 47.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,615,054 shares of the technology company's stock valued at $277,967,000 after buying an additional 522,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SBA Communications by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,612,785 shares of the technology company's stock valued at $277,567,000 after buying an additional 46,620 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in SBA Communications in the 2nd quarter valued at $228,367,000. Bank of America Corp DE grew its stake in SBA Communications by 41.7% in the 1st quarter. Bank of America Corp DE now owns 1,005,366 shares of the technology company's stock valued at $173,033,000 after acquiring an additional 295,727 shares during the period. Finally, Sei Investments Co. grew its stake in SBA Communications by 7.1% in the 1st quarter. Sei Investments Co. now owns 672,105 shares of the technology company's stock valued at $115,673,000 after acquiring an additional 44,586 shares during the period. 97.35% of the stock is owned by institutional investors and hedge funds.

About SBA Communications

SBA Communications is a real estate investment trust that owns and operates wireless communications infrastructure. Its primary business is leasing space on its communications towers and other sites to wireless carriers and other customers that need to install network equipment. The company also provides site development services, including helping customers identify, acquire, construct and manage locations for wireless infrastructure. Founded in 1989, SBA serves customers in the United States and several international markets, including countries in Central and South America and Africa.

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