SBA Communications 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 4 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBA Communications stock.
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SBA Communications saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 1,390,000 shares, an increase of 42.3% from the January 28th total of 976,600 shares. Based on an average daily volume of 708,400 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.3% of the company's stock are short sold.
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SBA Communications is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for SBA Communications.

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings results on Sunday, February, 21st. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.42. The technology company had revenue of $536 million for the quarter, compared to analyst estimates of $530.25 million. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS.
View SBA Communications' earnings history.

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SBAC shares have decreased by 11.6% and is now trading at $242.82.
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SBA Communications announced a quarterly dividend on Monday, February 22nd. Stockholders of record on Wednesday, March 10th will be paid a dividend of $0.58 per share on Friday, March 26th. This represents a $2.32 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, March 9th. This is a boost from SBA Communications's previous quarterly dividend of $0.47.
View SBA Communications' dividend history.

SBA Communications pays an annual dividend of $1.86 per share and currently has a dividend yield of 0.77%. SBA Communications does not yet have a strock track record of dividend growth. The dividend payout ratio of SBA Communications is 21.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBA Communications will have a dividend payout ratio of 19.10% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.
View SBA Communications' dividend history.

SBA Communications issued an update on its FY21 earnings guidance on Monday, February, 22nd. The company provided earnings per share guidance of $10.00-10.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.09. The company issued revenue guidance of $2.172-2.212 billion, compared to the consensus revenue estimate of $2.19 billion.

13 brokerages have issued 12-month target prices for SBA Communications' shares. Their forecasts range from $277.00 to $336.00. On average, they anticipate SBA Communications' share price to reach $315.17 in the next twelve months. This suggests a possible upside of 29.8% from the stock's current price.
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247 employees have rated SBA Communications CEO Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among SBA Communications' employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to SBA Communications include Crown Castle International (CCI), BlackBerry (BB), United States Cellular (USM), Shenandoah Telecommunications (SHEN), Telephone and Data Systems (TDS), Boingo Wireless (WIFI) and Spok (SPOK).
View all of SBAC's competitors.

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 International (CCI), Micron Technology (MU), The 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.07%), Brown Advisory Inc. (2.36%), Principal Financial Group Inc. (2.26%), Principal Financial Group Inc. (2.25%), Dimensional Fund Advisors LP (1.42%) and Canada Pension Plan Investment Board (1.15%). 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 UBS Asset Management Americas Inc., Canada Pension Plan Investment Board, BlackRock Inc., Nuveen Asset Management LLC, Daiwa Securities Group Inc., Victory Capital Management Inc., Clearbridge Investments LLC, and Frontier Capital Management Co. LLC. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jeffrey Stoops, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan, and Thomas P Hunt.
View insider buying and selling activity for SBA Communications or view top insider-selling stocks.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Morgan Stanley, Skye Global Management LP, DF Dent & Co. Inc., Duff & Phelps Investment Management Co., Steadfast Capital Management LP, Ceredex Value Advisors LLC, and Panagora Asset Management Inc..
View insider buying and selling activity for SBA Communications or or view top insider-buying stocks.

Shares of SBAC 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 $242.82.

SBA Communications has a market capitalization of $26.98 billion and generates $2.01 billion in revenue each year. The technology company earns $146.99 million in net income (profit) each year or $8.49 on an earnings per share basis.

SBA Communications employs 1,475 workers across the globe.

SBA Communications was founded in 1989.

The official website for SBA Communications is www.sbasite.com.

SBA Communications is headquartered at 8051 CONGRESS AVENUE, BOCA RATON FL, 33487.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-995-7670 or via email at [email protected]