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.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBAC. Cowen lifted their target price on SBA Communications from $373.00 to $382.00 in a report on Tuesday, April 26th. KeyCorp lifted their target price on SBA Communications from $367.00 to $389.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Credit Suisse Group lifted their target price on SBA Communications from $405.00 to $408.00 and gave the company an "outperform" rating in a report on Tuesday, August 2nd. Barclays lifted their target price on SBA Communications from $378.00 to $385.00 and gave the company an "overweight" rating in a report on Tuesday, April 26th. Finally, StockNews.com cut SBA Communications from a "buy" rating to a "hold" rating in a research note on Friday, June 10th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, SBA Communications currently has an average rating of "Moderate Buy" and an average target price of $385.88.

SBA Communications Price Performance

SBAC opened at $345.57 on Wednesday. SBA Communications has a 1-year low of $286.41 and a 1-year high of $391.15. The business has a 50 day moving average price of $323.64 and a two-hundred day moving average price of $329.07. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 106.99 and a beta of 0.43.

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

SBA Communications Dividend Announcement

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 paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 24th. SBA Communications's dividend payout ratio (DPR) is currently 87.93%.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, CEO Jeffrey Stoops sold 30,000 shares of the business's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total transaction of $10,322,100.00. Following the sale, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at approximately $28,787,648.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Stoops sold 30,000 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total value of $10,322,100.00. Following 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark R. Ciarfella sold 1,000 shares of the company's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $338.05, for a total transaction of $338,050.00. Following the completion of the transaction, the executive vice president now directly owns 23,884 shares in the company, valued at $8,073,986.20. The disclosure for this sale can be found here. Insiders have sold a total of 37,912 shares of company stock valued at $13,038,108 in the last three months. 1.80% of the stock is currently owned by company insiders.