SBA Communications (NASDAQ:SBAC) Posts Earnings Results, Beats Estimates By $0.05 EPS

SBA Communications (NASDAQ:SBAC - Get Free Report) released its earnings results on Monday. The technology company reported $3.16 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.05, Zacks reports. The firm had revenue of $664.25 million for the quarter, compared to analysts' expectations of $661.99 million. SBA Communications had a negative return on equity of 13.13% and a net margin of 25.76%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.29 earnings per share. SBA Communications updated its FY 2025 guidance to EPS.

SBA Communications Stock Performance

Shares of NASDAQ SBAC traded up $1.22 during trading on Friday, hitting $241.96. The company had a trading volume of 758,609 shares, compared to its average volume of 899,356. The stock has a 50 day simple moving average of $221.64 and a 200 day simple moving average of $216.66. The firm has a market capitalization of $26.04 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.83. SBA Communications has a 12 month low of $185.44 and a 12 month high of $252.64.

SBA Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, May 22nd will be given a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, May 22nd. SBA Communications's payout ratio is 60.91%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BMO Capital Markets increased their target price on SBA Communications from $230.00 to $240.00 and gave the company a "market perform" rating in a research note on Tuesday. Citigroup increased their price objective on SBA Communications from $250.00 to $265.00 and gave the company a "buy" rating in a research report on Tuesday. Barclays boosted their target price on SBA Communications from $244.00 to $247.00 and gave the stock an "overweight" rating in a research report on Tuesday. JMP Securities raised their price target on shares of SBA Communications from $250.00 to $270.00 and gave the company a "market outperform" rating in a report on Tuesday. Finally, Citizens Jmp raised shares of SBA Communications to a "strong-buy" rating in a report on Monday, January 27th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $252.38.

Insiders Place Their Bets

In other news, VP Joshua Koenig sold 2,209 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $224.18, for a total value of $495,213.62. Following the completion of the sale, the vice president now directly owns 6,079 shares of the company's stock, valued at $1,362,790.22. This represents a 26.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.92% of the stock is owned by company insiders.

About SBA Communications

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.