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NASDAQ:SBAC

SBA Communications - SBAC Stock Forecast, Price & News

$344.39
-1.01 (-0.29%)
(As of 08/8/2022 02:21 PM ET)
Add
Compare
Today's Range
$341.74
$350.38
50-Day Range
$290.87
$347.56
52-Week Range
$286.41
$391.15
Volume
12,417 shs
Average Volume
700,611 shs
Market Capitalization
$37.14 billion
P/E Ratio
106.62
Dividend Yield
0.82%
Price Target
$385.88

SBA Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
12.1% Upside
$385.88 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.21mentions of SBA Communications in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$13.04 M Sold Last Quarter
Proj. Earnings Growth
9.29%
From $11.20 to $12.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Finance Sector

177th out of 1,207 stocks

Real Estate Investment Trusts Industry

37th out of 216 stocks

SBAC stock logo

About SBA Communications (NASDAQ:SBAC) Stock

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 Down 0.5 %

Shares of SBA Communications stock traded down $1.80 during trading on Monday, reaching $343.60. The company's stock had a trading volume of 10,634 shares, compared to its average volume of 700,611. SBA Communications has a 12-month low of $286.41 and a 12-month high of $391.15. The company has a market capitalization of $37.05 billion, a P/E ratio of 106.93 and a beta of 0.43. The business has a 50 day moving average price of $323.52 and a 200-day moving average price of $328.72.

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

SBA Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25th will be given 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 0.83%. SBA Communications's payout ratio is 87.93%.

Wall Street Analyst Weigh In

SBAC has been the subject of several recent research reports. Morgan Stanley decreased their price objective on SBA Communications from $389.00 to $361.00 and set an "overweight" rating for the company in a research note on Wednesday, July 20th. UBS Group raised their target price on SBA Communications from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Tuesday, August 2nd. Credit Suisse Group raised their target price on SBA Communications from $405.00 to $408.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 2nd. Barclays raised their target price on SBA Communications from $378.00 to $385.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on SBA Communications from $375.00 to $385.00 in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SBA Communications presently has an average rating of "Moderate Buy" and a consensus target price of $385.88.

Insiders Place Their Bets

In other news, Director Duncan Cocroft sold 1,152 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $344.50, for a total value of $396,864.00. Following the completion of the transaction, the director now directly owns 64,592 shares of the company's stock, valued at $22,251,944. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jeffrey Stoops sold 30,000 shares of the business's stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $344.07, for a total value of $10,322,100.00. Following the completion of the transaction, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at $28,787,648.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Duncan Cocroft sold 1,152 shares of the business's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $344.50, for a total value of $396,864.00. Following the completion of the transaction, the director now directly owns 64,592 shares of the company's stock, valued at $22,251,944. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,912 shares of company stock worth $13,038,108. 1.80% of the stock is owned by corporate insiders.

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SBAC Stock News Headlines

SBA Communications (NASDAQ:SBAC) PT Raised to $408.00
SBA Communications (NASDAQ:SBAC) Trading Down 1.5%
10 Analysts Have This to Say About SBA Communications
See More Headlines
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SBAC Company Calendar

Ex-Dividend for 6/14 Dividend
5/18/2022
Dividend Payable
6/14/2022
Last Earnings
8/01/2022
Today
8/08/2022
Ex-Dividend for 9/20 Dividend
8/24/2022
Dividend Payable
9/20/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Sector
Finance
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,596
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$385.88
High Stock Price Forecast
$425.00
Low Stock Price Forecast
$347.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

Net Income
$237.62 million
Pretax Margin
15.46%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$8.76 per share
Book Value
($48.49) per share

Miscellaneous

Free Float
105,888,000
Market Cap
$37.14 billion
Optionable
Optionable
Beta
0.43

Social Links















SBAC Stock - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price forecast for 2022?

14 brokers have issued twelve-month target prices for SBA Communications' shares. Their SBAC stock forecasts range from $347.00 to $425.00. On average, they predict the company's stock price to reach $385.88 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts price targets for SBAC
or view top-rated stocks among Wall Street analysts.

How has SBA Communications' stock performed in 2022?

SBA Communications' stock was trading at $389.02 at the beginning of the year. Since then, SBAC stock has decreased by 11.5% and is now trading at $344.35.
View the best growth stocks for 2022 here
.

When is SBA Communications' next earnings date?

SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) posted its earnings results on Monday, August, 1st. The technology company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.90 by $0.26. The technology company earned $652.01 million during the quarter, compared to analyst estimates of $626.30 million. SBA Communications had a net margin of 14.45% and a negative trailing twelve-month return on equity of 6.73%. The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.64 earnings per share.
Read the conference call transcript
.

How often does SBA Communications pay dividends? What is the dividend yield for SBA Communications?

SBA Communications announced a quarterly dividend on Monday, August 1st. Stockholders of record on Thursday, August 25th will be given a dividend of $0.71 per share on Tuesday, September 20th. This represents a $2.84 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $2.84 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 87.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 23.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

What guidance has SBA Communications issued on next quarter's earnings?

SBA Communications updated its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.56 billion-$2.60 billion, compared to the consensus revenue estimate of $2.51 billion.

What is Jeffrey A. Stoops' approval rating as SBA Communications' CEO?

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SBA Communications own?

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), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

What is SBA Communications' stock symbol?

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

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Brown Advisory Inc. (1.73%), Parnassus Investments LLC (0.65%), Victory Capital Management Inc. (0.55%), Manning & Napier Group LLC (0.52%), Allspring Global Investments Holdings LLC (0.43%) and Artemis Investment Management LLP (0.36%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jack Langer, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt.
View institutional ownership trends
.

How do I buy shares of SBA Communications?

Shares of SBAC stock 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.
Compare Top Brokerages Here.

What is SBA Communications' stock price today?

One share of SBAC stock can currently be purchased for approximately $344.35.

How much money does SBA Communications make?

SBA Communications (NASDAQ:SBAC) has a market capitalization of $37.13 billion and generates $2.31 billion in revenue each year. The technology company earns $237.62 million in net income (profit) each year or $3.23 on an earnings per share basis.

How many employees does SBA Communications have?

SBA Communications employs 1,596 workers across the globe.

When was SBA Communications founded?

SBA Communications was founded in 1989.

How can I contact SBA Communications?

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The official website for the company is www.sbasite.com. The technology company can be reached via phone at (561) 995-7670, via email at ir@sbasite.com, or via fax at 561-995-7626.

This page (NASDAQ:SBAC) was last updated on 8/8/2022 by MarketBeat.com Staff

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