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

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

SBA Communications announced that its Board of Directors has authorized a share repurchase plan 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 purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analyst estimates of $453.50 million. SBA Communications had a negative return on equity of 4.79% and a net margin of 5.54%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. 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 EPS guidance of $7.25-7.66 for the period, compared to the Thomson Reuters consensus 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 12 month target prices for SBA Communications' shares. Their forecasts range from $159.00 to $200.00. On average, they expect SBA Communications' stock price to reach $177.00 in the next twelve months. 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), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Welltower (WELL), GGP (GGP), Ventas (VTR) and Boston Properties (BXP).

Press coverage about SBAC stock has trended somewhat positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications earned a news impact score of 0.10 on Accern's scale. They also assigned news stories about the technology company an impact score of 45.85 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.84%), Principal Financial Group Inc. (4.62%), American Century Companies Inc. (2.09%), Franklin Resources Inc. (1.62%), Dimensional Fund Advisors LP (1.45%) and Wells Fargo & Company MN (1.33%). 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 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 Iridian Asset Management LLC CT, Massachusetts Financial Services Co. MA, BlackRock Inc., Brookfield Asset Management Inc., Neuberger Berman Group LLC, Asset Management One Co. Ltd., Point72 Asset Management L.P. and Bamco Inc. NY. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jason V Silberstein and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Rivulet Capital LLC, Wells Fargo & Company MN, Summit Trail Advisors LLC, JPMorgan Chase & Co., Manning & Napier Group LLC, American Assets Capital Advisers LLC and Magellan Asset Management Ltd. 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 $157.85.

SBA Communications has a market capitalization of $17.99 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]