SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryWireless Telecommunication Services
SectorFinance
Phone561-226-9345
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.87 billion
Profitability
Miscellaneous
Employees1,347
Next Earnings Date7/29/2019 (Estimated)
OptionableOptionable
SBA Communications (NASDAQ:SBAC) Frequently Asked Questions
What is SBA Communications' stock symbol?
SBA Communications trades on the NASDAQ under the ticker symbol "SBAC."
How will SBA Communications' stock buyback program work?
SBA Communications announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 27th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.
How were SBA Communications' earnings last quarter?
SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings data on Monday, April, 29th. The technology company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $1.89 by $1.66. The technology company earned $493.29 million during the quarter, compared to analysts' expectations of $481.06 million. SBA Communications had a net margin of 2.20% and a negative return on equity of 1.44%. SBA Communications's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. View SBA Communications' Earnings History.
When is SBA Communications' next earnings date?
What guidance has SBA Communications issued on next quarter's earnings?
SBA Communications updated its FY19 earnings guidance on Monday, April, 29th. The company provided earnings per share (EPS) guidance of $8.02-8.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.02. The company issued revenue guidance of $1.943-1.983 billion, compared to the consensus revenue estimate of $1.96 billion.SBA Communications also updated its FY 2019 guidance to EPS.
What price target have analysts set for SBAC?
11 equities research analysts have issued 1-year target prices for SBA Communications' stock. Their predictions range from $161.00 to $240.00. On average, they anticipate SBA Communications' stock price to reach $206.20 in the next twelve months. This suggests that the stock has a possible downside of 9.5%. View Analyst Price Targets for SBA Communications.
What is the consensus analysts' recommendation for SBA Communications?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.
Has SBA Communications been receiving favorable news coverage?
Press coverage about SBAC stock has trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SBA Communications earned a news sentiment score of 1.4 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for SBA Communications.
Are investors shorting SBA Communications?
SBA Communications saw a increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,104,200 shares, an increase of 8.1% from the April 15th total of 1,947,400 shares. Based on an average daily trading volume, of 661,900 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.9% of the company's shares are sold short. View SBA Communications' Current Options Chain.
Who are some of SBA Communications' key competitors?
Some companies that are related to SBA Communications include American Tower (AMT), CROWN CASTLE IN/SH SH (CCI), Simon Property Group (SPG), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), Boston Properties (BXP), Essex Property Trust (ESS) and Weyerhaeuser (WY).
What other stocks do shareholders of SBA Communications own?
Who are SBA Communications' key executives?
SBA Communications' management team includes the folowing people:
- Mr. Steven E. Bernstein II, Founder & Chairman (Age 58)
- Mr. Jeffrey A. Stoops, Pres, CEO & Director (Age 61)
- Mr. Brendan Thomas Cavanagh CPA, Exec. VP & CFO (Age 47)
- Mr. Thomas P. Hunt Esq., Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 61)
- Mr. Kurt L. Bagwell, Exec. VP & Pres of International (Age 54)
Who are SBA Communications' major shareholders?
SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.62%), Principal Financial Group Inc. (3.78%), American Century Companies Inc. (1.74%), Commonwealth Bank of Australia (1.14%), FMR LLC (1.10%) and Northern Trust Corp (1.10%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Steven E Bernstein and Thomas P Hunt. View Institutional Ownership Trends for SBA Communications.
Which major investors are selling SBA Communications stock?
SBAC stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Daiwa Securities Group Inc., TimesSquare Capital Management LLC, Jennison Associates LLC, Meritage Group LP, Fairview Capital Investment Management LLC, Parametric Portfolio Associates LLC and American Century Companies 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, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Steven E Bernstein and Thomas P Hunt. View Insider Buying and Selling for SBA Communications.
Which major investors are buying SBA Communications stock?
SBAC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Portsea Asset Management LLP, Commonwealth Bank of Australia, CIBC Private Wealth Group LLC, Jacobs Levy Equity Management Inc., BNP Paribas Arbitrage SA, GWM Advisors LLC and FIL Ltd. 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.
How do I buy shares of 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.
What is SBA Communications' stock price today?
One share of SBAC stock can currently be purchased for approximately $227.75.
How big of a company is SBA Communications?
SBA Communications has a market capitalization of $25.79 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.
What is SBA Communications' official website?
How can I contact SBA Communications?
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]
MarketBeat Community Rating for SBA Communications (NASDAQ SBAC)
MarketBeat's community ratings are surveys of what our community members think about SBA Communications and other stocks. Vote "Outperform" if you believe SBAC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SBAC will underperform the S&P 500 over the long term. You may vote once every thirty days.
