NASDAQ:SBAC - SBA Communications Stock Price, Price Target & More

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

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

SBA Communications (NASDAQ:SBAC) posted its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.07. The technology company had revenue of $458.30 million for the quarter, compared to analyst estimates of $453.50 million. SBA Communications had a net margin of 5.54% and a negative return on equity of 4.79%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.69 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Monday, July, 30th 2018. View Earnings Estimates for SBA Communications.

SBA Communications updated its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share (EPS) guidance of $7.25-7.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.63. The company issued revenue guidance of $1.827-1.867 billion, compared to the consensus revenue estimate of $1.86 billion.

14 brokers have issued 1-year price objectives for SBA Communications' stock. Their forecasts range from $159.00 to $200.00. On average, they anticipate SBA Communications' share price to reach $177.1667 in the next twelve months. View Analyst Ratings for SBA Communications.

Some companies that are related to SBA Communications include American Tower (AMT), Simon Property Group (SPG), Crown Castle International (CCI), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), UNIBAIL-RODAMCO/ADR (UNRDY), Equity Residential (EQR), Digital Realty (DLR), AvalonBay Communities (AVB), Welltower (WELL), GGP (GGP), Ventas (VTR) and Boston Properties (BXP).

Media headlines about SBAC stock have been trending somewhat positive on Wednesday, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SBA Communications earned a news impact score of 0.14 on Accern's scale. They also assigned news headlines about the technology company an impact score of 45.37 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.84%), Principal Financial Group Inc. (4.62%), American Century Companies Inc. (2.09%), Franklin Resources Inc. (1.62%), Dimensional Fund Advisors LP (1.45%) and Wells Fargo & Company MN (1.33%). Company insiders that own SBA Communications stock include Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe and Mark R Ciarfella. View Institutional Ownership Trends for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, Massachusetts Financial Services Co. MA, BlackRock Inc., Brookfield Asset Management Inc., Neuberger Berman Group LLC, Asset Management One Co. Ltd., Point72 Asset Management L.P. and Bamco Inc. NY. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jack Langer, Jason V Silberstein and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Rivulet Capital LLC, Wells Fargo & Company MN, Summit Trail Advisors LLC, JPMorgan Chase & Co., Manning & Napier Group LLC, American Assets Capital Advisers LLC and Magellan Asset Management Ltd. 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, Scottrade, Fidelity and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $157.29.

SBA Communications has a market capitalization of $18.40 billion and generates $1.73 billion in revenue each year. SBA Communications employs 1,291 workers across the globe.

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]