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

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

SBA Communications announced a quarterly dividend on Friday, October 25th. Investors 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 yield of 0.59%. 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 initiated a share buyback program on Tuesday, February 27th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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

11 brokers have issued 12 month price targets for SBA Communications' shares. Their forecasts range from $185.00 to $292.00. On average, they anticipate SBA Communications' stock price to reach $251.18 in the next year. This suggests that the stock has a possible downside of 0.6%. View Analyst Price Targets for SBA Communications.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

Headlines about SBAC stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SBA Communications earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for SBA Communications.

SBA Communications saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,530,000 shares, a decline of 14.0% from the December 31st total of 1,780,000 shares. Based on an average daily trading volume, of 608,300 shares, the short-interest ratio is currently 2.5 days. Currently, 1.4% of the company's shares 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), Xilinx (XLNX), Walt Disney (DIS), Home Depot (HD), CA (CA), Mastercard (MA), UnitedHealth Group (UNH) and Netflix (NFLX).

SBA Communications' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Manning & Napier Group LLC (0.35%), California Public Employees Retirement System (0.24%), New York State Teachers Retirement System (0.16%), State of Alaska Department of Revenue (0.04%), Nisa Investment Advisors LLC (0.04%) and Strs Ohio (0.03%). 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, Mary S Chan, 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 Strs Ohio, Tuttle Tactical Management, Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, CHURCHILL MANAGEMENT Corp and Tealwood Asset Management Inc.. 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, Mary S Chan 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 State of Alaska Department of Revenue, California Public Employees Retirement System, Nisa Investment Advisors LLC, Wealthfront Advisers LLC, Dupont Capital Management Corp, DNB Asset Management AS, Campbell & CO Investment Adviser LLC and Brasada Capital Management LP. 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 $252.74.

SBA Communications has a market capitalization of $28.46 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]