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

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

SBA Communications announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 27th 2018, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

SBA Communications (NASDAQ:SBAC) released its quarterly earnings results on Monday, April, 30th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analyst estimates of $453.50 million. SBA Communications had a negative return on equity of 4.79% and a net margin of 5.54%. SBA Communications's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.69 earnings per share. 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 issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided EPS guidance of $7.25-7.66 for the period, compared to the Thomson Reuters consensus 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 analysts have issued twelve-month price objectives for SBA Communications' stock. Their predictions range from $159.00 to $200.00. On average, they expect SBA Communications' stock price to reach $177.1667 in the next year. 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), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR) and Boston Properties (BXP).

Media headlines about SBAC stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications earned a media sentiment score of 0.16 on Accern's scale. They also gave news articles about the technology company an impact score of 45.66 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

SBA Communications' stock is owned by many different of institutional and retail 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 purchased 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 $157.91.

SBA Communications has a market capitalization of $18.06 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]