NASDAQ:SBAC - SBA Communications Stock Price, News, & Analysis

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

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

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Monday, July, 30th. The technology company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.68. The technology company earned $456.30 million during the quarter, compared to analyst estimates of $457.43 million. SBA Communications had a net margin of 1.73% and a negative return on equity of 1.26%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Monday, October, 29th 2018. View Earnings Estimates for SBA Communications.

SBA Communications updated its FY18 earnings guidance on Monday, July, 30th. The company provided earnings per share guidance of $7.21-$7.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.63. The company issued revenue guidance of $1.819-$1.859 billion, compared to the consensus revenue estimate of $1.85 billion.

11 Wall Street analysts have issued 1 year price targets for SBA Communications' stock. Their predictions range from $170.00 to $200.00. On average, they anticipate SBA Communications' stock price to reach $181.40 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View Analyst Price Targets for SBA Communications.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SBA Communications.

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 (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), 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 press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SBA Communications earned a media and rumor sentiment score of 0.11 on Accern's scale. They also gave media coverage about the technology company an impact score of 45.59 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for SBA Communications.

SBA Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.28%), Brown Advisory Inc. (2.67%), American Century Companies Inc. (1.95%), Dimensional Fund Advisors LP (1.49%), Canada Pension Plan Investment Board (1.49%) and Wells Fargo & Company MN (1.14%). 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 Massachusetts Financial Services Co. MA, Schroder Investment Management Group, Iridian Asset Management LLC CT, Frontier Capital Management Co. LLC, Millennium Management LLC, Wells Fargo & Company MN, Jennison Associates LLC and Janus Henderson Group PLC. Company insiders that have sold SBA Communications company stock in the last year include Brian C Carr, 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 BlackRock Inc., Canada Pension Plan Investment Board, Meritage Group LP, Eagle Asset Management Inc., Los Angeles Capital Management & Equity Research Inc., Brown Advisory Inc., Carillon Tower Advisers Inc. and Bank of America Corp DE. 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 $157.90.

SBA Communications has a market capitalization of $17.93 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]