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SBA Communications (SBAC) Stock Price, News & Analysis

$188.09
-0.70 (-0.37%)
(As of 05/24/2024 08:50 PM ET)
Today's Range
$187.72
$189.70
50-Day Range
$186.12
$218.60
52-Week Range
$183.64
$258.76
Volume
500,600 shs
Average Volume
984,084 shs
Market Capitalization
$20.21 billion
P/E Ratio
36.88
Dividend Yield
2.08%
Price Target
$252.25

SBA Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.09 Rating Score
Upside/​Downside
34.1% Upside
$252.25 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
1.20mentions of SBA Communications in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$430,966 Sold Last Quarter
Proj. Earnings Growth
-0.16%
From $12.53 to $12.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Finance Sector

2nd out of 865 stocks

Real Estate Investment Trusts Industry

1st out of 178 stocks

SBAC stock logo

About SBA Communications Stock (NASDAQ:SBAC)

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. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBAC Stock Price History

SBAC Stock News Headlines

SBA Communications (NASDAQ:SBAC) Raised to "Buy" at StockNews.com
SBA Communications: Resilience Amid Fluctuations Justifies Buy Rating
Stocks Climb on Q1 Earnings Optimism
SBA Communications: Q1 Earnings Snapshot
Strong Q1 Earnings and Lower Bond Yields Boost Stocks
SBA Communications REIT (A) earnings: here's what to expect
Gaming and Leisure Properties earnings preview: what to expect
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Last Earnings
4/29/2024
Ex-Dividend for 6/19 Dividend
5/22/2024
Today
5/27/2024
Dividend Payable
6/19/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,787
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$252.25
High Stock Price Target
$315.00
Low Stock Price Target
$227.00
Potential Upside/Downside
+34.1%
Consensus Rating
Buy
Rating Score (0-4)
3.09
Research Coverage
11 Analysts

Profitability

Net Income
$501.81 million
Pretax Margin
21.38%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$12.89 per share
Book Value
($48.61) per share

Miscellaneous

Free Float
106,046,000
Market Cap
$20.21 billion
Optionable
Optionable
Beta
0.59

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SBAC Stock Analysis - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price target for 2024?

11 equities research analysts have issued 12-month target prices for SBA Communications' stock. Their SBAC share price targets range from $227.00 to $315.00. On average, they anticipate the company's stock price to reach $252.25 in the next twelve months. This suggests a possible upside of 34.1% 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 2024?

SBA Communications' stock was trading at $253.69 at the beginning of the year. Since then, SBAC shares have decreased by 25.9% and is now trading at $188.09.
View the best growth stocks for 2024 here
.

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) released its earnings results on Monday, April, 29th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.21 by $0.21. The technology company had revenue of $657.86 million for the quarter, compared to analyst estimates of $671.08 million. SBA Communications had a net margin of 20.61% and a negative trailing twelve-month return on equity of 10.75%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.13 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 declared a quarterly dividend on Monday, April 29th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.98 per share on Wednesday, June 19th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, May 22nd.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.92 per share and currently has a dividend yield of 2.08%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 76.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 31.33% 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 2024 earnings guidance on Monday, April, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.7 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).

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.07%), Principal Financial Group Inc. (3.98%), Price T Rowe Associates Inc. MD (0.92%), Bank of New York Mellon Corp (0.66%), Earnest Partners LLC (0.65%) and Canada Pension Plan Investment Board (0.44%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian D Lazarus, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Joshua Koenig, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan, Steven E Bernstein 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NASDAQ:SBAC) was last updated on 5/27/2024 by MarketBeat.com Staff

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