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.

SBA Communications Stock Up 0.8 %

Shares of NASDAQ:SBAC traded up $2.74 on Monday, reaching $352.78. 9,064 shares of the company's stock traded hands, compared to its average volume of 692,676. SBA Communications has a 12 month low of $286.41 and a 12 month high of $391.15. The business's 50 day simple moving average is $324.59 and its two-hundred day simple moving average is $329.77. The company has a market cap of $38.04 billion, a price-to-earnings ratio of 108.37 and a beta of 0.43.

SBA Communications (NASDAQ:SBAC - Get Rating) last issued its quarterly earnings results on Monday, August 1st. The technology company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.26). SBA Communications had a negative return on equity of 6.73% and a net margin of 14.45%. The business had revenue of $652.01 million for the quarter, compared to analysts' expectations of $626.30 million. During the same quarter in the prior year, the business earned $2.64 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Analysts forecast that SBA Communications will post 11.2 earnings per share for the current fiscal year.

SBA Communications Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.84 dividend on an annualized basis and a yield of 0.81%. SBA Communications's payout ratio is 87.93%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SBAC shares. Credit Suisse Group raised 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 boosted their target price on SBA Communications from $378.00 to $385.00 and gave the stock an "overweight" rating in a report on Tuesday, April 26th. StockNews.com raised SBA Communications from a "hold" rating to a "buy" rating in a research report on Friday. Raymond James upped their target price on SBA Communications from $385.00 to $410.00 and gave the company a "strong-buy" rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on SBA Communications from $375.00 to $385.00 in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $385.88.

Insider Transactions at SBA Communications

In related news, CEO Jeffrey Stoops sold 30,000 shares of the 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 $28,787,648.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jason V. Silberstein sold 16,464 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $350.38, for a total transaction of $5,768,656.32. Following the sale, the executive vice president now directly owns 21,785 shares of the company's stock, valued at $7,633,028.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Stoops sold 30,000 shares of the 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 transaction, the chief executive officer now directly owns 83,668 shares in the company, valued at $28,787,648.76. The disclosure for this sale can be found here. Insiders have sold 76,939 shares of company stock worth $26,593,030 over the last 90 days. 1.80% of the stock is currently owned by company insiders.