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 Thursday, February 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.465 per share on Thursday, March 26th. This represents a $1.86 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 9th. This is a boost from SBA Communications's previous quarterly dividend of $0.37. View SBA Communications' Dividend History.

SBA Communications declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 27th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Thursday, February, 20th. The technology company reported $0.59 earnings per share for the quarter, missing the Zacks' consensus estimate of $2.04 by $1.45. The technology company had revenue of $513.66 million for the quarter, compared to analyst estimates of $506.66 million. SBA Communications had a negative return on equity of 4.24% and a net margin of 7.30%. SBA Communications's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for SBA Communications.

SBA Communications updated its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share guidance of $9.07 to $9.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.51. The company issued revenue guidance of $2.10 billion to $2.14 billion, compared to the consensus revenue estimate of $2.12 billion.

12 analysts have issued 1-year price objectives for SBA Communications' shares. Their forecasts range from $236.00 to $338.00. On average, they expect SBA Communications' stock price to reach $282.58 in the next year. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets for SBA Communications.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

News headlines about SBAC stock have trended very negative recently, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. 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 daily sentiment score of -3.2 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for SBA Communications.

SBA Communications saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,840,000 shares, an increase of 20.3% from the January 15th total of 1,530,000 shares. Based on an average trading volume of 599,900 shares, the days-to-cover ratio is currently 3.1 days. Approximately 1.7% of the company's shares 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), CROWN CASTLE IN/SH SH (CCI), AT&T (T), Xilinx (XLNX), UnitedHealth Group (UNH), Micron Technology (MU), AbbVie (ABBV) and Walt Disney (DIS).

SBA Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.54%), Principal Financial Group Inc. (2.63%), Cohen & Steers Inc. (2.56%), Capital Research Global Investors (2.01%), Franklin Resources Inc. (1.81%) and Geode Capital Management LLC (1.67%). 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 Cohen & Steers Inc., FMR LLC, UBS Asset Management Americas Inc., Alliancebernstein L.P., Renaissance Technologies LLC, Daiwa Securities Group Inc., Goldman Sachs Group Inc. and CIBC Private Wealth Group LLC. 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 Brookfield Public Securities Group LLC, State Street Corp, Ceredex Value Advisors LLC, USS Investment Management Ltd, Earnest Partners LLC, Massachusetts Financial Services Co. MA, Lasalle Investment Management Securities LLC and UBS Group AG. 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 $296.40.

SBA Communications has a market capitalization of $33.37 billion and generates $2.01 billion in revenue each year. The technology company earns $146.99 million in net income (profit) each year or $8.49 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]