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

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

SBA Communications announced a quarterly dividend on Friday, October 25th. Investors of record on Thursday, November 21st will be paid a dividend of $0.37 per share on Thursday, December 19th. This represents a $1.48 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Wednesday, November 20th. View SBA Communications' Dividend History.

SBA Communications declared that its board has initiated a stock repurchase program on Tuesday, February 27th 2018, which allows the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) released 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 revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. 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 equities research analysts have issued 12 month price targets 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 year. This suggests that the stock has a possible downside of 0.3%. 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.

Media headlines about SBAC stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of 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 0.7 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for SBA Communications.

SBA Communications saw a decline in short interest in December. As of December 31st, there was short interest totalling 1,530,000 shares, a decline of 14.0% from the December 15th total of 1,780,000 shares. Based on an average daily trading volume, of 612,800 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.4% of the company's stock are sold short. 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), Mastercard (MA), CA (CA), 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%), State of Alaska Department of Revenue (0.04%), Nisa Investment Advisors LLC (0.04%), Brasada Capital Management LP (0.02%), DNB Asset Management AS (0.01%) and IFM Investors Pty Ltd (0.01%). 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 Tuttle Tactical Management, Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, Tealwood Asset Management Inc., Gateway Investment Advisers LLC and OLD National Bancorp IN. 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 acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nisa Investment Advisors LLC, DNB Asset Management AS, Brasada Capital Management LP, Allred Capital Management LLC, Raymond James Trust N.A., First Hawaiian Bank and Donaldson 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 $252.04.

SBA Communications has a market capitalization of $28.38 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]