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

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

SBA Communications declared that its Board of Directors has approved a share buyback program on Tuesday, February 27th 2018, which authorizes the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.07. The technology company had revenue of $458.30 million for the quarter, compared to analysts' expectations of $453.50 million. SBA Communications had a net margin of 5.54% and a negative return on equity of 4.79%. SBA Communications's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company 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 earnings per share 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 brokerages have issued twelve-month target prices for SBA Communications' shares. Their predictions range from $159.00 to $200.00. On average, they anticipate SBA Communications' share price to reach $177.00 in the next twelve months. This suggests a possible upside of 9.1% 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).

Press coverage about SBAC stock has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SBA Communications earned a news sentiment score of 0.16 on Accern's scale. They also gave media stories about the technology company an impact score of 46.25 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

SBA Communications' stock is owned by a number of of institutional and retail 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 Cornerstone Wealth Management LLC, 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 $162.26.

SBA Communications has a market capitalization of $18.71 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]