NASDAQ:SBAC - SBA Communications Stock Price, Forecast & News

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

SBA Communications declared a quarterly dividend on Friday, October 25th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.37 per share on Thursday, December 19th. This represents a $1.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, November 20th. View SBA Communications' Dividend History.

SBA Communications declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 27th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings results on Monday, October, 28th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.97 by $1.78. The technology company earned $486.60 million during the quarter, compared to analysts' expectations of $497.48 million. SBA Communications had a negative return on equity of 4.16% and a net margin of 6.89%. SBA Communications's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.92 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for SBA Communications.

10 brokers have issued 12-month target prices for SBA Communications' shares. Their forecasts range from $185.00 to $292.00. On average, they expect SBA Communications' share price to reach $248.30 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price. View Analyst Price Targets for SBA Communications.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

News stories about SBAC stock have trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SBA Communications earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for SBA Communications.

SBA Communications saw a drop in short interest during the month of November. As of November 29th, there was short interest totalling 1,610,000 shares, a drop of 20.3% from the November 14th total of 2,020,000 shares. Based on an average daily trading volume, of 640,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.5% of the company's stock are short sold. View SBA Communications' Current Options Chain.

Some companies that are related to SBA Communications include CROWN CASTLE IN/SH SH (CCI), Sprint (S), BlackBerry (BB), United States Cellular (USM), Telephone & Data Systems (TDS), Shenandoah Telecommunications (SHEN), Boingo Wireless (WIFI) and Spok (SPOK).

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), Cisco Systems (CSCO), American Tower (AMT), CA (CA), Walt Disney (DIS), Home Depot (HD), Mastercard (MA), Netflix (NFLX), Adobe (ADBE) and Starbucks (SBUX).

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (4.28%), Eagle Asset Management Inc. (0.69%), Massachusetts Financial Services Co. MA (0.57%), CIBC Private Wealth Group LLC (0.51%), TimesSquare Capital Management LLC (0.43%) and Manning & Napier Group LLC (0.36%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Steven E Bernstein and Thomas P Hunt. View Institutional Ownership Trends for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including USS Investment Management Ltd, Millennium Management LLC, TimesSquare Capital Management LLC, State of New Jersey Common Pension Fund D, AMF Pensionsforsakring AB, Manning & Napier Group LLC, State of Alaska Department of Revenue and Strs Ohio. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella and Steven E Bernstein. View Insider Buying and Selling for SBA Communications.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Voya Investment Management LLC, CIBC Private Wealth Group LLC, Mackay Shields LLC, Zimmer Partners LP, Squarepoint Ops LLC, California Public Employees Retirement System and Banco Santander S.A.. Company insiders that have bought SBA Communications stock in the last two years include Duncan Cocroft and Jeffrey Stoops. View Insider Buying and Selling for SBA Communications.

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

One share of SBAC stock can currently be purchased for approximately $234.25.

SBA Communications has a market capitalization of $26.38 billion and generates $1.87 billion in revenue each year. The technology company earns $47.45 million in net income (profit) each year or $7.60 on an earnings per share basis. SBA Communications employs 1,347 workers across the globe.View Additional Information About SBA Communications.

The official website for SBA Communications is http://www.sbasite.com/.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-226-9345 or via email at [email protected]