SBA Communications - SBAC Stock Forecast, Price & News

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

SBA Communications Stock Down 0.5 %

Shares of SBA Communications stock traded down $1.80 during trading on Monday, reaching $343.60. The company's stock had a trading volume of 10,634 shares, compared to its average volume of 700,611. SBA Communications has a 12-month low of $286.41 and a 12-month high of $391.15. The company has a market capitalization of $37.05 billion, a P/E ratio of 106.93 and a beta of 0.43. The business has a 50 day moving average price of $323.52 and a 200-day moving average price of $328.72.

SBA Communications (NASDAQ:SBAC - Get Rating) last posted its quarterly earnings results on Monday, August 1st. The technology company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.26). The business had revenue of $652.01 million during the quarter, compared to analysts' expectations of $626.30 million. SBA Communications had a net margin of 14.45% and a negative return on equity of 6.73%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.64 earnings per share. Research analysts predict that SBA Communications will post 11.2 EPS for the current fiscal year.

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.84 dividend on an annualized basis and a yield of 0.83%. SBA Communications's payout ratio is 87.93%.

Wall Street Analyst Weigh In

SBAC has been the subject of several recent research reports. Morgan Stanley decreased their price objective on SBA Communications from $389.00 to $361.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. UBS Group raised their target price on SBA Communications from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, August 2nd. Credit Suisse Group raised their target price on SBA Communications from $405.00 to $408.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 2nd. Barclays raised their target price on SBA Communications from $378.00 to $385.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on SBA Communications from $375.00 to $385.00 in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SBA Communications presently has an average rating of "Moderate Buy" and a consensus target price of $385.88.

Insiders Place Their Bets

In other news, Director Duncan Cocroft sold 1,152 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $344.50, for a total value of $396,864.00. Following the completion of the transaction, the director now directly owns 64,592 shares of the company's stock, valued at $22,251,944. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jeffrey Stoops sold 30,000 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $344.07, for a total value of $10,322,100.00. Following the completion of the transaction, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at $28,787,648.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Duncan Cocroft sold 1,152 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $344.50, for a total value of $396,864.00. Following the completion of the transaction, the director now directly owns 64,592 shares of the company's stock, valued at $22,251,944. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,912 shares of company stock worth $13,038,108. 1.80% of the stock is owned by corporate insiders.