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NASDAQ:SBAC

SBA Communications - SBAC Stock Forecast, Price & News

$355.13
+5.09 (+1.45%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$347.93
$356.59
50-Day Range
$290.87
$350.36
52-Week Range
$286.41
$391.15
Volume
496,562 shs
Average Volume
691,411 shs
Market Capitalization
$38.29 billion
P/E Ratio
109.95
Dividend Yield
0.81%
Price Target
$385.88

SBA Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
8.7% Upside
$385.88 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.02mentions of SBA Communications in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$26.59 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.

2.61 out of 5 stars

Finance Sector

102nd out of 926 stocks

Real Estate Investment Trusts Industry

11th out of 195 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 Up 0.8 %

Shares of NASDAQ:SBAC traded up $2.74 on Monday, reaching $352.78. 9,064 shares of the company's stock traded hands, compared to its average volume of 692,676. SBA Communications has a 12 month low of $286.41 and a 12 month high of $391.15. The business's 50 day simple moving average is $324.59 and its two-hundred day simple moving average is $329.77. The company has a market cap of $38.04 billion, a price-to-earnings ratio of 108.37 and a beta of 0.43.

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

SBA Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25th will be paid 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 0.81%. SBA Communications's payout ratio is 87.93%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SBAC shares. Credit Suisse Group raised their target price on SBA Communications from $405.00 to $408.00 and gave the company an "outperform" rating in a report on Tuesday, August 2nd. Barclays boosted their target price on SBA Communications from $378.00 to $385.00 and gave the stock an "overweight" rating in a report on Tuesday, April 26th. StockNews.com raised SBA Communications from a "hold" rating to a "buy" rating in a research report on Friday. Raymond James upped their target price on SBA Communications from $385.00 to $410.00 and gave the company a "strong-buy" rating in a research report on Tuesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on SBA Communications from $375.00 to $385.00 in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $385.88.

Insider Transactions at SBA Communications

In related news, CEO Jeffrey Stoops sold 30,000 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total transaction of $10,322,100.00. Following the sale, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at $28,787,648.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Jason V. Silberstein sold 16,464 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $350.38, for a total transaction of $5,768,656.32. Following the sale, the executive vice president now directly owns 21,785 shares of the company's stock, valued at $7,633,028.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Stoops sold 30,000 shares of the stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total transaction of $10,322,100.00. Following the transaction, the chief executive officer now directly owns 83,668 shares in the company, valued at $28,787,648.76. The disclosure for this sale can be found here. Insiders have sold 76,939 shares of company stock worth $26,593,030 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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SBAC Stock News Headlines

SBA Communications (NASDAQ:SBAC) Lifted to Buy at StockNews.com
SBA Communications (NASDAQ:SBAC) PT Raised to $408.00
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
8/15/2022
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
+8.7%
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
$8.91 per share
Book Value
($48.49) per share

Miscellaneous

Free Float
105,888,000
Market Cap
$38.29 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 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 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 brokerages have issued 12-month target prices for SBA Communications' stock. Their SBAC share price forecasts range from $347.00 to $425.00. On average, they anticipate the company's stock price to reach $385.88 in the next year. This suggests a possible upside of 8.7% from the stock's current price.
View analysts price targets for SBAC
or view top-rated stocks among Wall Street analysts.

How have SBAC shares performed in 2022?

SBA Communications' stock was trading at $389.02 at the start of the year. Since then, SBAC stock has decreased by 8.7% and is now trading at $355.13.
View the best growth stocks for 2022 here
.

When is SBA Communications' next earnings date?

The company 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) issued its quarterly earnings data on Monday, August, 1st. The technology company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.90 by $0.26. The technology company had revenue of $652.01 million for the quarter, compared to the consensus estimate 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 business's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business 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 declared a quarterly dividend on Monday, August 1st. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.71 per share on Tuesday, September 20th. This represents a $2.84 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend 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 0.81%. 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, 9th. The company provided earnings per share 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 number of retail and institutional investors. Top institutional investors include Deutsche Bank AG (2.81%), Principal Financial Group Inc. (2.71%), FMR LLC (2.67%), Brown Advisory Inc. (1.73%), Franklin Resources Inc. (1.64%) and Massachusetts Financial Services Co. MA (1.48%). 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, Jason V Silberstein, 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 $355.13.

How much money does SBA Communications make?

SBA Communications (NASDAQ:SBAC) has a market capitalization of $38.29 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?

The company 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 8/15/2022 by MarketBeat.com Staff

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