SBA Communications (SBAC) Stock Price, News & Analysis

Company Overview

SBA Communications Corporation (NASDAQ: SBAC) is a leading independent owner and operator of wireless communications infrastructure. The company specializes in the development, acquisition and management of multi-tenant communications sites, providing essential support for wireless carriers, broadcasters and network providers. SBA Communications’ portfolio of services encompasses site acquisition, design, construction and site maintenance to ensure reliable connectivity in urban, suburban and rural markets.

In addition to traditional lattice and monopole towers, SBA Communications offers a comprehensive suite of small cell and distributed antenna system (DAS) solutions designed to enhance network capacity and coverage within densely populated areas. The company’s fiber and backhaul services facilitate high-speed data transmission between tower sites and core network nodes. Through a focus on site optimization and network densification, SBA Communications enables wireless carriers to meet growing demand for data-intensive applications and next-generation technologies.

Founded in 1989 and headquartered in Boca Raton, Florida, SBA Communications has expanded its global footprint across the Americas and Sub-Saharan Africa. The company’s operations span more than a dozen countries, including the United States, Canada, Brazil, Chile, Colombia, Panama, Costa Rica and South Africa. Strategic acquisitions and long-term lease agreements with major carriers have driven portfolio growth and diversified revenue streams.

Under the leadership of President and Chief Executive Officer Jeff Stoops, SBA Communications emphasizes innovation, safety and operational excellence. The company’s executive team brings decades of industry experience in wireless infrastructure, real estate development and finance. SBA Communications continues to pursue disciplined expansion and deployment of advanced wireless solutions to support the evolving needs of global network operators.

Key Stats

• Today's Range: $227.56 to $231.81
• 50-Day Range: $222.73 to $242.83
• 52-Week Range: $192.55 to $252.64
• Volume: 678,942 shs
• Average Volume: 875,163 shs
• Market Capitalization: $24.58 billion
• P/E Ratio: 31.39
• Dividend Yield: 1.94%
• Price Target: $255.53
• Consensus Rating: Moderate Buy

SBA Communications Stock Analysis - MarketRank™

SBA Communications scored higher than 96% of companies evaluated by MarketBeat, and ranked 68th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SBA Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SBA Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: -2.78%

Earnings Growth

Earnings for SBA Communications are expected to decrease by -2.78% in the coming year, from $12.57 to $12.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of SBA Communications is 31.39, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of SBA Communications is 31.39, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.20.

Price to Earnings Growth Ratio

SBA Communications has a PEG Ratio of 1.89. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.87% of the float of SBA Communications has been sold short.

Short Interest Ratio / Days to Cover

SBA Communications has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SBA Communications has recently decreased by 13.91%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

SBA Communications pays a meaningful dividend of 1.94%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

SBA Communications has been increasing its dividend for 6 years.

Dividend Coverage

The dividend payout ratio of SBA Communications is 60.91%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, SBA Communications will have a dividend payout ratio of 36.33% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -1.23

Percentage of Shares Shorted

1.87% of the float of SBA Communications has been sold short.

Short Interest Ratio / Days to Cover

SBA Communications has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SBA Communications has recently decreased by 13.91%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.37

News Sentiment

SBA Communications has a news sentiment score of 1.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.95 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for SBA Communications this week, compared to 13 articles on an average week.

Search Interest

Only 1 people have searched for SBAC on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added SBA Communications to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, SBA Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,202,950.00 in company stock.

Percentage Held by Insiders

Only 0.92% of the stock of SBA Communications is held by insiders.

Percentage Held by Institutions

97.35% of the stock of SBA Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SBAC Stock Analysis - Frequently Asked Questions

How have SBAC shares performed this year?

SBA Communications' stock was trading at $203.80 on January 1st, 2025. Since then, SBAC stock has increased by 12.3% and is now trading at $228.80.

How were SBA Communications' earnings last quarter?

SBA Communications Corporation (NASDAQ:SBAC) announced its quarterly earnings data on Monday, October, 28th. The technology company reported $2.40 EPS for the quarter, missing analysts' consensus estimates of $3.17 by $0.77. The company's revenue was down 2.2% compared to the same quarter last year.
Read the conference call transcript.

Does SBA Communications have any subsidiaries?

SBA Communications subsidiaries include Bay Communications, Light Tower Wireless LLC, Optasite Holding Company Inc, AAT Communications Corporation, Communication Site Services Inc., SBA 2012 TC Assets LLC, SBA Guarantor LLC, and more.

Who are SBA Communications' major shareholders?

SBA Communications' top institutional investors include Perpetual Ltd (0.17%), Gateway Investment Advisers LLC (0.10%), Swedbank AB (0.08%) and Czech National Bank (0.02%). Insiders that own company stock include Jeffrey Stoops, Duncan Cocroft, Steven E Bernstein, Mark R Ciarfella, Jason V Silberstein, Kevin L Beebe, Jack Langer, George R Krouse Jr, Brian D Lazarus, Joshua Koenig, Donald Day and Mary S Chan.
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.

What other stocks do shareholders of SBA Communications own?

Based on aggregate information from My MarketBeat watchlists, some other companies that SBA Communications investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 10/28/2024
• Record date for 6/17 Dividend: 5/22/2025
• Ex-Dividend for 6/17 Dividend: 5/22/2025
• Dividend Payable: 6/17/2025
• Today: 7/13/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Wireless Telecommunication Services
• Current Symbol: NASDAQ:SBAC
• CIK: 1034054
• Web: www.sbasite.com
• Phone: (561) 995-7670
• Fax: 561-995-7626
• Employees: 1,720
• Year Founded: 1989

Price Target and Rating

• Average Price Target for SBA Communications: $255.53
• High Price Target: $285.00
• Low Price Target: $225.00
• Potential Upside/Downside: +11.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $7.29
• Trailing P/E Ratio: 31.39
• Forward P/E Ratio: 18.20
• P/E Growth: 1.89
• Net Income: $749.54 million
• Net Margins: 29.29%
• Pretax Margin: 32.06%
• Return on Equity: -15.30%
• Return on Assets: 7.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.69
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $2.68 billion
• Price / Sales: 9.17
• Cash Flow: $9.67 per share
• Price / Cash Flow: 23.66
• Book Value: ($47.51) per share
• Price / Book: -4.82

Miscellaneous

• Outstanding Shares: 107,450,000
• Free Float: 106,463,000
• Market Cap: $24.58 billion
• Optionable: Optionable
• Beta: 0.78