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SBA Communications (SBAC) Stock Forecast, Price & News

$198.46
+2.40 (+1.22%)
(As of 09/28/2023 ET)
Compare
Today's Range
$195.98
$199.60
50-Day Range
$196.06
$231.02
52-Week Range
$192.88
$312.34
Volume
1.14 million shs
Average Volume
832,717 shs
Market Capitalization
$21.51 billion
P/E Ratio
42.68
Dividend Yield
1.71%
Price Target
$297.42

SBA Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
49.6% Upside
$297.42 Price Target
Short Interest
Healthy
2.56% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
0.95mentions of SBA Communications in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$85,070 Sold Last Quarter
Proj. Earnings Growth
4.86%
From $12.13 to $12.72 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.27 out of 5 stars

Finance Sector

26th out of 874 stocks

Real Estate Investment Trusts Industry

3rd out of 182 stocks


SBAC stock logo

About SBA Communications (NASDAQ:SBAC) Stock

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 in 16 markets throughout the Americas, Africa and the Philippines, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBAC Price History

SBAC Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
SBAC Is a Great Business. Here's Why I Don't Own the Stock
SBA Communications Appoints Marc Montagner As EVP & CFO
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
What 12 Analyst Ratings Have To Say About SBA Comms
Where SBA Comms Stands With Analysts
J.P. Morgan Reaffirms Their Hold Rating on SBA Communications (SBAC)
BMO Capital Keeps Their Hold Rating on SBA Communications (SBAC)
See More Headlines
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SBAC Company Calendar

Last Earnings
7/31/2023
Ex-Dividend for 9/20 Dividend
8/23/2023
Dividend Payable
9/20/2023
Today
9/28/2023
Next Earnings (Estimated)
10/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Sector
Finance
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,834
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$297.42
High Stock Price Forecast
$350.00
Low Stock Price Forecast
$229.00
Forecasted Upside/Downside
+50.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
19 Analysts

Profitability

Net Income
$461.43 million
Pretax Margin
20.19%

Debt

Sales & Book Value

Annual Sales
$2.63 billion
Cash Flow
$11.05 per share
Book Value
($48.86) per share

Miscellaneous

Free Float
106,649,000
Market Cap
$21.37 billion
Optionable
Optionable
Beta
0.51

Social Links

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Key Executives

  • Mr. Steven E. Bernstein IIMr. Steven E. Bernstein II (Age 62)
    Founder & Independent Chairman
    Comp: $219.58k
  • Mr. Jeffrey A. StoopsMr. Jeffrey A. Stoops (Age 64)
    CEO, Pres & Director
    Comp: $3.43M
  • Mr. Brendan Thomas Cavanagh CPAMr. Brendan Thomas Cavanagh CPA (Age 51)
    CFO & Exec. VP
    Comp: $1.69M
  • Mr. Jason V. SilbersteinMr. Jason V. Silberstein (Age 54)
    Exec. VP of Site Leasing
    Comp: $1.43M
  • Mr. Mark R. CiarfellaMr. Mark R. Ciarfella (Age 57)
    Exec. VP of Operations
  • Mr. Brian D. Lazarus CPAMr. Brian D. Lazarus CPA (Age 51)
    CPA, Sr. VP & Chief Accounting Officer
  • Dr. Dipan D. Patel Ph.D. (Age 48)
    Exec. VP of Strategy, Technology & New Bus. Initiatives
  • Mr. Elvis T. Clemetson
    Sr. VP & Chief Information Officer
  • Mr. Joshua Koenig (Age 42)
    Exec. VP, Chief Admin. Officer & Gen. Counsel
  • Ms. Michelle Eisner (Age 62)
    Sr. VP & Chief HR Officer













SBAC Stock - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price forecast for 2023?

19 equities research analysts have issued 1 year price targets for SBA Communications' stock. Their SBAC share price forecasts range from $229.00 to $350.00. On average, they predict the company's share price to reach $297.42 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price.
View analysts price targets for SBAC
or view top-rated stocks among Wall Street analysts.

How have SBAC shares performed in 2023?

SBA Communications' stock was trading at $280.31 at the start of the year. Since then, SBAC shares have decreased by 29.7% and is now trading at $197.19.
View the best growth stocks for 2023 here
.

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) issued its earnings results on Monday, July, 31st. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.91 by $1.04. The technology company had revenue of $678.50 million for the quarter, compared to analysts' expectations of $676.87 million. SBA Communications had a negative trailing twelve-month return on equity of 9.68% and a net margin of 18.71%. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $3.07 earnings per share.
Read the conference call transcript
.

How often does SBA Communications pay dividends? What is the dividend yield for SBA Communications?

SBA Communications announced a quarterly dividend on Sunday, July 30th. Stockholders of record on Thursday, August 24th will be paid a dividend of $0.85 per share on Wednesday, September 20th. This represents a $3.40 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Wednesday, August 23rd.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.70%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 73.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBAC will have a dividend payout ratio of 26.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

What guidance has SBA Communications issued on next quarter's earnings?

SBA Communications issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.71 billion-$2.75 billion, compared to the consensus revenue estimate of $2.71 billion.

What is Jeffrey A. Stoops' approval rating as SBA Communications' CEO?

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SBA Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), American Tower (AMT), Crown Castle (CCI), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

What is SBA Communications' stock symbol?

SBA Communications trades on the NASDAQ under the ticker symbol "SBAC."

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.25%), State Street Corp (4.39%), Cohen & Steers Inc. (3.83%), Principal Financial Group Inc. (2.57%), JPMorgan Chase & Co. (2.49%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella and Thomas P Hunt.
View institutional ownership trends
.

How do I buy shares of SBA Communications?

Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SBA Communications' stock price today?

One share of SBAC stock can currently be purchased for approximately $197.19.

How much money does SBA Communications make?

SBA Communications (NASDAQ:SBAC) has a market capitalization of $21.37 billion and generates $2.63 billion in revenue each year. The technology company earns $461.43 million in net income (profit) each year or $4.65 on an earnings per share basis.

How many employees does SBA Communications have?

The company employs 1,834 workers across the globe.

Does SBA Communications have any subsidiaries?
The following companies are subsidiares of SBA Communications: AAT Communications Corporation, Bay Communications, Communication Site Services Inc., Light Tower Wireless LLC, Optasite Holding Company Inc, SBA 2012 TC Assets LLC, SBA Guarantor LLC, SBA Infrastructure LLC, SBA Monarch Towers I LLC, SBA Network Management Inc., SBA New Builds LLC, SBA Properties LLC, SBA Puerto Rico LLC, SBA Senior Finance II LLC, SBA Senior Finance LLC, SBA Site Management LLC, SBA Sites LCC, SBA Structures LCC, SBA Telecommunications LLC, SBA Torres Brasil LTDA, SBA Torres Panama S.A., SBA Towers II LLC, SBA Towers III LLC, SBA Towers IV LLC, SBA Towers IX LLC, SBA Towers LLC, SBA Towers V LLC, and SBA Towers VII LLC.
Read More
How can I contact SBA Communications?

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The official website for the company is www.sbasite.com. The technology company can be reached via phone at (561) 995-7670, via email at ir@sbasite.com, or via fax at 561-995-7626.

This page (NASDAQ:SBAC) was last updated on 9/28/2023 by MarketBeat.com Staff

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