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 has approved a share repurchase program on Tuesday, February 27th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The technology company had revenue of $458.30 million for the quarter, compared to analyst estimates of $453.50 million. SBA Communications had a net margin of 5.54% and a negative return on equity of 4.79%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.69 EPS. 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 updated 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 EPS 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.

13 Wall Street analysts have issued 12-month price objectives for SBA Communications' shares. Their predictions range from $159.00 to $200.00. On average, they expect SBA Communications' share price to reach $177.00 in the next year. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Ratings for SBA Communications.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to SBA Communications include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Equinix (EQIX), Prologis (PLD), Weyerhaeuser (WY), DIGITAL Rlty Tr/SH SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP) and Boston Properties (BXP).

Media headlines about SBAC stock have been trending somewhat negative recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media 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 one, with scores closest to one being the most favorable. SBA Communications earned a coverage optimism score of -0.06 on Accern's scale. They also gave media coverage about the technology company an impact score of 47.74 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include Fred Alger Management Inc. (0.76%), Manning & Napier Group LLC (0.37%), Bank of Montreal Can (0.10%), Hartford Investment Management Co. (0.06%), State of Alaska Department of Revenue (0.05%) and Retirement Systems of Alabama (0.05%). 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, Kurt L Bagwell 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 Fred Alger Management Inc., State of Alaska Department of Revenue, Bank of Montreal Can, Hartford Investment Management Co., Manning & Napier Group LLC, Municipal Employees Retirement System of Michigan, Fjarde AP Fonden Fourth Swedish National Pension Fund and Gateway Investment Advisers LLC. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jason V Silberstein, Kurt L Bagwell and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, IFM Investors Pty Ltd, FNY Investment Advisers LLC, Amalgamated Bank, DnB Asset Management AS and Atria Investments LLC. 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 $162.63.

SBA Communications has a market capitalization of $18.85 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]