SBA Communications - SBAC Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 2 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBAC shares.
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13 equities research analysts have issued 12 month price objectives for SBA Communications' stock. Their SBAC share price forecasts range from $347.00 to $425.00. On average, they anticipate the company's stock price to reach $384.67 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
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SBA Communications' stock was trading at $389.02 at the start of the year. Since then, SBAC stock has decreased by 26.4% and is now trading at $286.48.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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SBA Communications Co. (NASDAQ:SBAC) released 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. The technology company earned $652.01 million during the quarter, compared to analyst estimates of $626.30 million. SBA Communications had a net margin of 14.45% and a negative trailing twelve-month return on equity of 6.73%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.64 earnings per share.
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SBA Communications declared a quarterly dividend on Monday, August 1st. Stockholders of record on Thursday, August 25th will be given a dividend of $0.71 per share on Tuesday, September 20th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for SBAC.

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $2.84 per share and currently has a dividend yield of 0.96%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 87.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 23.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

SBA Communications issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.56 billion-$2.60 billion, compared to the consensus revenue estimate of $2.51 billion.

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), American Tower (AMT), Crown Castle (CCI), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

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

SBA Communications' stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.65%), Deutsche Bank AG (2.81%), Price T Rowe Associates Inc. MD (2.77%), Principal Financial Group Inc. (2.71%), FMR LLC (2.67%) and Brown Advisory Inc. (1.73%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt.
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Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBAC stock can currently be purchased for approximately $286.48.

SBA Communications (NASDAQ:SBAC) has a market capitalization of $30.89 billion and generates $2.31 billion in revenue each year. The technology company earns $237.62 million in net income (profit) each year or $3.23 on an earnings per share basis.

The company employs 1,596 workers across the globe.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The official website for the company is www.sbasite.com. The technology company can be reached via phone at (561) 995-7670, via email at ir@sbasite.com, or via fax at 561-995-7626.