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

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

SBA Communications declared a quarterly dividend on Friday, October 25th. Investors of record on Thursday, November 21st will be given a dividend of $0.37 per share on Thursday, December 19th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, November 20th. View SBA Communications' Dividend History.

SBA Communications announced that its board has initiated a stock buyback plan on Tuesday, February 27th 2018, which allows the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) issued its quarterly earnings results on Monday, October, 28th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.97 by $1.78. The technology company earned $486.60 million during the quarter, compared to the consensus estimate of $497.48 million. SBA Communications had a negative return on equity of 4.16% and a net margin of 6.89%. SBA Communications's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm earned $1.92 earnings per share. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for SBA Communications.

11 Wall Street analysts have issued 12-month price objectives for SBA Communications' stock. Their forecasts range from $185.00 to $292.00. On average, they expect SBA Communications' share price to reach $251.18 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. 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 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

Headlines about SBAC stock have been trending very negative on Saturday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. SBA Communications earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for SBA Communications.

SBA Communications saw a drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,530,000 shares, a drop of 14.0% from the December 15th total of 1,780,000 shares. Based on an average daily volume of 612,800 shares, the short-interest ratio is currently 2.5 days. Currently, 1.4% of the company's stock are short sold. View SBA Communications' Current Options Chain.

Some companies that are related to SBA Communications include CROWN CASTLE IN/SH SH (CCI), Sprint (S), BlackBerry (BB), United States Cellular (USM), Telephone & Data Systems (TDS), Shenandoah Telecommunications (SHEN), Boingo Wireless (WIFI) and Spok (SPOK).

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), Cisco Systems (CSCO), American Tower (AMT), Xilinx (XLNX), Walt Disney (DIS), Home Depot (HD), CA (CA), Mastercard (MA), UnitedHealth Group (UNH) and Netflix (NFLX).

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.35%), New York State Teachers Retirement System (0.16%), State of Alaska Department of Revenue (0.04%), Nisa Investment Advisors LLC (0.04%), Strs Ohio (0.03%) and CHURCHILL MANAGEMENT Corp (0.02%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, 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, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt. View Institutional Ownership Trends for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Tuttle Tactical Management, Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, CHURCHILL MANAGEMENT Corp and Tealwood Asset Management Inc.. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, 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, Mark R Ciarfella, Mary S Chan and Steven E Bernstein. View Insider Buying and Selling for SBA Communications.

SBAC stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Wealthfront Advisers LLC, DNB Asset Management AS, Campbell & CO Investment Adviser LLC, Brasada Capital Management LP, New York State Teachers Retirement System and Allred Capital Management LLC. Company insiders that have bought SBA Communications stock in the last two years include Duncan Cocroft and Jeffrey Stoops. 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, Robinhood, Fidelity and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $253.15.

SBA Communications has a market capitalization of $28.50 billion and generates $1.87 billion in revenue each year. The technology company earns $47.45 million in net income (profit) each year or $7.60 on an earnings per share basis. SBA Communications employs 1,347 workers across the globe.View Additional Information About SBA Communications.

The official website for SBA Communications is http://www.sbasite.com/.

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]