SBA Communications Corporation Company Profile (NASDAQ:SBAC)

About SBA Communications Corporation (NASDAQ:SBAC)

SBA Communications Corporation logoSBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company's operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing. The Company's primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Company owns approximately 25,460 towers. It also manages or leases approximately 5,500 actual or potential towers. The Company's other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Wireless Telecommunication Services
  • Symbol: NASDAQ:SBAC
  • CUSIP: 78388J10
  • Web:
  • Market Cap: $17.87 billion
  • Outstanding Shares: 120,357,000
Average Prices:
  • 50 Day Moving Avg: $148.07
  • 200 Day Moving Avg: $136.76
  • 52 Week Range: $95.66 - $154.71
  • Trailing P/E Ratio: 510.17
  • Foreward P/E Ratio: 92.21
  • P/E Growth: 3.38
Sales & Book Value:
  • Annual Revenue: $1.68 billion
  • Price / Sales: 10.64
  • Book Value: ($16.41) per share
  • Price / Book: -9.05
  • EBITDA: $1.1 billion
  • Net Margins: 2.19%
  • Return on Equity: -2.64%
  • Return on Assets: 0.67%
  • Debt-to-Equity Ratio: -3.98%
  • Current Ratio: 0.32%
  • Quick Ratio: 0.32%
  • Average Volume: 1.50 million shs.
  • Beta: 0.69
  • Short Ratio: 2.42

Frequently Asked Questions for SBA Communications Corporation (NASDAQ:SBAC)

What is SBA Communications Corporation's stock symbol?

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

How will SBA Communications Corporation's stock buyback program work?

SBA Communications Corporation announced that its Board of Directors has authorized a share buyback program on Thursday, April 6th 2017, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 7.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its shares are undervalued.

How were SBA Communications Corporation's earnings last quarter?

SBA Communications Corporation (NASDAQ:SBAC) announced its quarterly earnings data on Monday, July, 31st. The company reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.01. The firm earned $427.30 million during the quarter, compared to analysts' expectations of $426.10 million. SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. SBA Communications Corporation's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.48 EPS. View SBA Communications Corporation's Earnings History.

When will SBA Communications Corporation make its next earnings announcement?

SBA Communications Corporation is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for SBA Communications Corporation.

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

SBA Communications Corporation issued an update on its FY17 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $6.75-7.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.93. The company issued revenue guidance of $1.698-1.723 billion, compared to the consensus revenue estimate of $1.72 billion.

Where is SBA Communications Corporation's stock going? Where will SBA Communications Corporation's stock price be in 2017?

15 brokers have issued 1-year price objectives for SBA Communications Corporation's shares. Their predictions range from $107.00 to $170.00. On average, they anticipate SBA Communications Corporation's stock price to reach $147.00 in the next year. View Analyst Ratings for SBA Communications Corporation.

Are investors shorting SBA Communications Corporation?

SBA Communications Corporation saw a increase in short interest in September. As of September 15th, there was short interest totalling 6,326,482 shares, an increase of 107.6% from the August 31st total of 3,047,698 shares. Based on an average daily trading volume, of 1,476,825 shares, the days-to-cover ratio is currently 4.3 days. Approximately 5.3% of the shares of the company are short sold.

Who are some of SBA Communications Corporation's key competitors?

How do I buy SBA Communications Corporation stock?

Shares of SBA Communications Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is SBA Communications Corporation's stock price today?

One share of SBA Communications Corporation stock can currently be purchased for approximately $148.46.

MarketBeat Community Rating for SBA Communications Corporation (NASDAQ SBAC)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  417 (Vote Outperform)
Underperform Votes:  333 (Vote Underperform)
Total Votes:  750
MarketBeat's community ratings are surveys of what our community members think about SBA Communications Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for SBA Communications Corporation (NASDAQ:SBAC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 4 Hold Ratings, 11 Buy Ratings
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $147.00 (0.98% downside)
Consensus Price Target History for SBA Communications Corporation (NASDAQ:SBAC)
Price Target History for SBA Communications Corporation (NASDAQ:SBAC)
Analysts' Ratings History for SBA Communications Corporation (NASDAQ:SBAC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017Cowen and CompanyReiterated RatingBuy$147.00N/AView Rating Details
9/27/2017KeyCorpUpgradeSector Weight -> Overweight$170.00LowView Rating Details
8/28/2017Citigroup Inc.Boost Price TargetNeutral$140.00 -> $168.00LowView Rating Details
8/24/2017Morgan StanleyReiterated RatingOverweight$147.00 -> $159.00LowView Rating Details
8/2/2017Royal Bank Of CanadaReiterated RatingBuyLowView Rating Details
8/1/2017Barclays PLCReiterated RatingOverweight$148.00LowView Rating Details
8/1/2017Stifel NicolausReiterated RatingBuy$148.00 -> $160.00LowView Rating Details
8/1/2017Jefferies Group LLCBoost Price TargetBuy$150.00 -> $159.00MediumView Rating Details
7/14/2017Deutsche Bank AGReiterated RatingHold$133.00 -> $150.00LowView Rating Details
6/12/2017Raymond James Financial, Inc.Reiterated RatingStrong-Buy -> OutperformMediumView Rating Details
5/2/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$121.00 -> $131.00LowView Rating Details
4/10/2017GuggenheimUpgradeNeutral -> Buy$118.00 -> $137.00MediumView Rating Details
2/26/2017MacquarieReiterated RatingHold$107.00N/AView Rating Details
12/21/2016BTIG ResearchReiterated RatingBuy$145.00N/AView Rating Details
11/30/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$130.00N/AView Rating Details
9/12/2016SunTrust Banks, Inc.Initiated CoverageBuy$129.00N/AView Rating Details
7/29/2016Pacific CrestReiterated RatingHoldN/AView Rating Details
3/30/2016Moffett NathansonBoost Price Target$133.00 -> $135.00N/AView Rating Details
3/4/2016Wells Fargo & CompanyDowngradeOutperform -> Market Perform$100.00 -> $95.00N/AView Rating Details
11/5/2015Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for SBA Communications Corporation (NASDAQ:SBAC)
Earnings by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Earnings History by Quarter for SBA Communications Corporation (NASDAQ SBAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017$0.24N/AView Earnings Details
7/31/2017Q2 2017$0.20$0.19$426.10 million$427.30 millionViewN/AView Earnings Details
5/1/2017Q1 17$0.21$1.69$418.21 million$423.40 millionViewListenView Earnings Details
2/27/2017Q416$0.11$0.04$416.92 million$416.50 millionViewListenView Earnings Details
11/1/2016Q3$0.09$1.53$412.65 million$411.30 millionViewN/AView Earnings Details
7/28/2016Q2$0.14$0.26$403.37 million$405.50 millionViewListenView Earnings Details
5/2/2016Q1$0.05$1.45$398.16 million$399.77 millionViewN/AView Earnings Details
2/25/2016Q4$0.08$1.43$403.59 million$406.90 millionViewListenView Earnings Details
11/4/2015Q3$0.11$1.43$407.41 million$410.70 millionViewListenView Earnings Details
7/29/2015Q2$0.09$1.42$410.17 million$410.70 millionViewListenView Earnings Details
4/23/2015Q115$0.11$1.41$407.31 million$410.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.02$1.39$394.87 million$404.73 millionViewN/AView Earnings Details
11/4/2014Q314($0.01)$1.33$386.50 million$393.30 millionViewListenView Earnings Details
7/24/2014Q214($0.01)$1.31$371.40 million$383.40 millionViewListenView Earnings Details
5/1/2014Q114($0.05)$1.18$334.60 million$345.50 millionViewListenView Earnings Details
2/25/2014Q413($0.05)($0.15)$332.55 million$335.40 millionViewN/AView Earnings Details
11/4/2013Q313($0.12)$0.16$322.27 million$332.09 millionViewN/AView Earnings Details
8/1/2013Q2 2013($0.10)($0.28)$314.05 million$324.30 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.91$0.98$301.80 million$313.10 millionViewN/AView Earnings Details
2/21/2013Q4 2012($0.15)($0.41)$288.74 million$293.80 millionViewN/AView Earnings Details
11/5/2012Q312($0.23)($0.43)$234.64 million$238.60 millionViewN/AView Earnings Details
8/2/2012($0.15)($0.44)ViewN/AView Earnings Details
4/30/2012($0.18)($0.20)ViewN/AView Earnings Details
2/23/2012($0.21)($0.27)ViewN/AView Earnings Details
10/31/2011($0.19)($0.30)ViewN/AView Earnings Details
8/1/2011($0.20)($0.27)ViewN/AView Earnings Details
4/28/2011($0.21)($0.30)ViewN/AView Earnings Details
2/24/2011($0.22)($0.34)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for SBA Communications Corporation (NASDAQ:SBAC)
2017 EPS Consensus Estimate: $0.84
2018 EPS Consensus Estimate: $1.93
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.12$0.22$0.17
Q2 20172$0.17$0.20$0.19
Q3 20173$0.22$0.24$0.23
Q4 20173$0.25$0.26$0.26
Q1 20181$0.39$0.39$0.39
Q2 20181$0.46$0.46$0.46
Q3 20181$0.52$0.52$0.52
Q4 20181$0.56$0.56$0.56
(Data provided by Zacks Investment Research)


Dividend History for SBA Communications Corporation (NASDAQ:SBAC)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for SBA Communications Corporation (NASDAQ:SBAC)
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 92.33%
Insider Trades by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Institutional Ownership by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Insider Trades by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/25/2017Brian D LazarusSVPSell7,376$151.79$1,119,603.04View SEC Filing  
8/4/2017Mark R CiarfellaEVPSell9,655$140.74$1,358,844.70View SEC Filing  
8/3/2017George R Krouse JrDirectorSell1,643$138.63$227,769.09View SEC Filing  
6/6/2017Jack LangerDirectorSell9,000$137.04$1,233,360.00View SEC Filing  
6/5/2017George R Krouse JrDirectorSell187$138.43$25,886.41View SEC Filing  
5/25/2017Jason V SilbersteinEVPSell48,930$136.32$6,670,137.60View SEC Filing  
5/18/2017Brian C CarrDirectorSell3,475$132.54$460,576.50View SEC Filing  
5/17/2017Jeffrey StoopsCEOSell94,289$133.76$12,612,096.64View SEC Filing  
5/5/2017Mark R CiarfellaEVPSell15,147$129.03$1,954,417.41View SEC Filing  
3/10/2017Kevin L BeebeDirectorSell570$118.12$67,328.40View SEC Filing  
3/6/2017Mark R CiarfellaEVPSell11,346$115.00$1,304,790.00View SEC Filing  
9/15/2016Duncan CocroftDirectorBuy500$109.14$54,570.00View SEC Filing  
8/10/2016Jeffrey StoopsCEOSell100,000$116.20$11,620,000.00View SEC Filing  
8/9/2016George R Krouse JrDirectorSell1,565$115.84$181,289.60View SEC Filing  
8/9/2016Jason V SilbersteinEVPSell22,192$115.83$2,570,499.36View SEC Filing  
6/16/2016Duncan CocroftDirectorBuy1,000$100.16$100,160.00View SEC Filing  
12/17/2015Jason V. SilbersteinEVPSell49,491$101.20$5,008,489.20View SEC Filing  
8/18/2015George R Krouse JrDirectorSell1,916$126.67$242,699.72View SEC Filing  
8/17/2015Brian D LazarusCAOSell9,163$127.91$1,172,039.33View SEC Filing  
8/17/2015Kurt L BagwellEVPSell19,735$127.77$2,521,540.95View SEC Filing  
6/18/2015Mark R CiarfellaEVPSell20,852$120.13$2,504,950.76View SEC Filing  
3/16/2015Kurt L BagwellEVPSell5,974$119.00$710,906.00View SEC Filing  
11/24/2014Jason V SilbersteinEVPSell14,230$117.24$1,668,325.20View SEC Filing  
9/9/2014Jeffrey StoopsCEOSell30,000$112.20$3,366,000.00View SEC Filing  
8/11/2014Kevin L BeebeDirectorSell15,000$109.56$1,643,400.00View SEC Filing  
8/6/2014Brian C CarrDirectorSell2,576$107.06$275,786.56View SEC Filing  
7/31/2014George R Krouse JrDirectorSell2,000$106.99$213,980.00View SEC Filing  
7/10/2014Mark R CiarfellaEVPSell5,673$105.26$597,139.98View SEC Filing  
5/23/2014Steven BernsteinChairmanSell75,000$100.68$7,551,000.00View SEC Filing  
5/13/2014Jason SilbersteinEVPSell19,583$99.00$1,938,717.00View SEC Filing  
5/9/2014Jack LangerDirectorSell10,000$97.12$971,200.00View SEC Filing  
5/8/2014Jason SilbersteinEVPSell6,590$97.00$639,230.00View SEC Filing  
3/7/2014Kurt BagwellEVPSell47,505$95.26$4,525,326.30View SEC Filing  
3/6/2014Mark CiarfellaEVPSell3,570$95.75$341,827.50View SEC Filing  
11/7/2013Brian LazarusCAOSell9,319$91.66$854,179.54View SEC Filing  
9/16/2013Brendan Thomas CavanaghCFOSell101,628$77.04$7,829,421.12View SEC Filing  
3/6/2013Kurt L BagwellInsiderSell52,975$73.08$3,871,413.00View SEC Filing  
3/5/2013Brian D LazarusCAOSell6,413$73.03$468,341.39View SEC Filing  
3/5/2013Mark R CiarfellaSVPSell7,304$72.85$532,096.40View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for SBA Communications Corporation (NASDAQ:SBAC)
Latest Headlines for SBA Communications Corporation (NASDAQ:SBAC)
DateHeadline logoSBA Communications Corporation (SBAC) Receives Consensus Recommendation of "Buy" from Analysts - October 11 at 2:40 PM logoSBA Communications Corporation Sets Date for 3rd Quarter 2017 Earnings Release - October 11 at 7:28 AM logoSBA Announces Offering of $500 Million of Senior Notes Due 2022 - October 3 at 12:01 PM logoSBA Announces Pricing of $750 Million of 4.0% Senior Notes Due 2022 - October 3 at 12:01 PM logo$430.88 Million in Sales Expected for SBA Communications Corporation (SBAC) This Quarter - October 1 at 5:50 AM logoKeyCorp Upgrades SBA Communications Corporation (SBAC) to "Overweight" - October 1 at 12:26 AM logoSBA Announces Pricing of $750 Million of 4.0% Senior Notes Due 2022 - GlobeNewswire (press release) - September 30 at 12:53 AM logo Brokerages Anticipate SBA Communications Corporation (SBAC) to Post $0.24 Earnings Per Share - September 29 at 2:34 PM logoSBA Communications prices $750M senior note offering - September 28 at 7:39 PM logoSBA Communications Corporation (SBAC) Expected to Earn Q3 2017 Earnings of $0.22 Per Share - September 28 at 7:10 AM logoSBA Communications Corporation (SBAC) Sees Large Growth in Short Interest - September 28 at 2:46 AM logoTop Analyst Upgrades and Downgrades: Axovant, Carnival, Micron, Nike, SunPower, Vivint Solar, Walgreens and More - September 27 at 4:36 PM logoHere's Why Wireless M&A Shouldn't Weigh On SBA - September 27 at 4:36 PM logoSBA Communications Corp. breached its 50 day moving average in a Bearish Manner : SBAC-US : September 25, 2017 - September 26 at 11:34 AM logoCritical Survey: SBA Communications Corporation (SBAC) versus Crown Castle International Corporation (CCI) - September 17 at 8:26 AM logoSBA Communications Corporation (SBAC) Given Consensus Recommendation of "Buy" by Brokerages - September 16 at 3:20 PM logoHead to Head Analysis: Crown Castle International Corporation (CCI) and SBA Communications Corporation (SBAC) - September 10 at 4:08 PM logoSBA Communications Corporation Cancels Presentation at the Bank of America ... - September 7 at 8:41 AM logoSBA Communications Corporation Cancels Presentation at the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment Conference due to Hurricane Irma - September 6 at 12:32 PM logoSBA Communications May be a Buy After a Test of Support - September 6 at 8:01 AM logoSBA Communications May be a Buy After a Test of Support - September 6 at 8:01 AM logoSBA Communications Corporation -- Moody's upgrades SBA Communications' senior unsecured notes to B2 and affirms CFR at B1; outlook stable - August 31 at 9:43 AM logoSBA Communications Corporation to Speak at the Goldman Sachs 26th Annual Communacopia Conference - August 30 at 2:20 PM logoSBA Communications Corporation (SBAC) SVP Sells $1,119,603.04 in Stock - August 29 at 10:34 PM logoSBA Communications Corporation (SBAC) Given New $168.00 Price Target at Citigroup Inc. - August 28 at 10:52 AM logoMorgan Stanley Increases SBA Communications Corporation (SBAC) Price Target to $159.00 - August 24 at 2:10 PM logoSBA Communications Corporation to Speak at the Bank of America Merrill Lynch 2017 Media, Communications & Entertainment Conference - August 22 at 6:28 AM logoReviewing SBA Communications Corporation (SBAC) and Inseego Corp. (INSG) - August 19 at 10:48 AM logoFinancial Contrast: SBA Communications Corporation (SBAC) & Inseego Corp. (INSG) - August 16 at 4:04 AM logoEarnings Review and Free Research Report: SBA Communications’ Revenue Grew 5.4%; AFFO Surged 16.9% - August 14 at 3:47 PM logoSee what the IHS Markit Score report has to say about SBA Communications Corp. - August 11 at 8:20 AM logoGeorge R. Krouse, Jr. Sells 1,643 Shares of SBA Communications Corporation (SBAC) Stock - August 7 at 8:02 PM logoSBA Communications Corporation (SBAC) EVP Sells $1,358,844.70 in Stock - August 7 at 7:20 PM logoSBA Communications Corporation (NASDAQ:SBAC) Expected to Announce Quarterly Sales of $431.69 Million - August 6 at 7:00 AM logoFY2017 Earnings Estimate for SBA Communications Corporation (SBAC) Issued By KeyCorp - August 3 at 9:32 AM logoSunTrust Banks Equities Analysts Decrease Earnings Estimates for SBA Communications Corporation (NASDAQ:SBAC) - August 3 at 9:30 AM logoSBA Communications Corporation (SBAC) Expected to Earn Q3 2017 Earnings of $0.23 Per Share - August 3 at 7:40 AM logoKeyCorp Weighs in on SBA Communications Corporation's Q3 2017 Earnings (SBAC) - August 2 at 7:32 AM logoSBA Communications Corporation Expected to Post Q3 2017 Earnings of $0.24 Per Share (NASDAQ:SBAC) - August 2 at 7:32 AM logoBarclays PLC Reaffirms "Overweight" Rating for SBA Communications Corporation (SBAC) - August 1 at 5:24 PM logoSBA Communications Corporation (NASDAQ:SBAC) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS - August 1 at 11:56 AM logoSBA Communications Corporation (NASDAQ:SBAC) Given "Buy" Rating at Stifel Nicolaus - August 1 at 11:08 AM logoSBA Communications Corporation Reports 2nd Quarter 2017 Results; Updates Full Year 2017 Outlook - August 1 at 6:12 AM logoSBA Communications misses 2Q profit forecasts - August 1 at 6:12 AM logoSBA Communications Corporation (SBAC) Issues FY17 Earnings Guidance - July 31 at 6:34 PM logoContrasting Inseego Corp. (INSG) & SBA Communications Corporation (SBAC) - July 31 at 12:34 AM logoSBA Communications Corporation (NASDAQ:SBAC) vs. Towerstream (TWER) Financial Review - July 29 at 12:34 PM logoSBA Communications Corporation (NASDAQ:SBAC) Given Average Rating of "Buy" by Brokerages - July 28 at 2:51 PM logoSprint (S) Q1 Earnings: Is Disappointment in the Cards? - July 28 at 7:40 AM logoShould You Buy SBA Communications (SBAC) Ahead of Earnings? - July 28 at 7:40 AM



SBA Communications Corporation (SBAC) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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