NASDAQ:SBACSBA Communications Stock Price, Forecast & News

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SBAC stock has increased by 0.7% and is now trading at $276.66. View which stocks have been mosted impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for SBA Communications.

SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for SBA Communications.

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 consensus estimate of $2.04 by $1.45. The technology company had revenue of $513.66 million for the quarter, compared to the consensus estimate of $506.66 million. SBA Communications had a net margin of 7.30% and a negative return on equity of 4.24%. SBA Communications's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 earnings per share. View SBA Communications' earnings history.

SBA Communications declared 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 0.67%. The ex-dividend date of this dividend is Monday, March 9th. This is an increase from SBA Communications's previous quarterly dividend of $0.37. View SBA Communications' dividend history.

SBA Communications issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided EPS guidance of $9.07 to $9.47 for the period, compared to the Thomson Reuters consensus 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 brokerages have issued 1-year target prices for SBA Communications' stock. Their forecasts range from $236.00 to $338.00. On average, they expect SBA Communications' stock price to reach $290.38 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price. View analysts' price targets for SBA Communications.

Headlines about SBAC stock have trended very negative recently, according to InfoTrie. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SBA Communications earned a news impact score of -3.3 on InfoTrie's scale. They also assigned news 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 effect on the company's share price in the near term. View the latest news aboutSBA Communications.

SBA Communications saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,187,000 shares, an increase of 10.5% from the February 27th total of 1,980,000 shares. Based on an average trading volume of 1,067,700 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.0% 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), Shenandoah Telecommunications (SHEN), United States Cellular (USM), Telephone & Data Systems (TDS), BlackBerry (BB), 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), AT&T (T), CROWN CASTLE IN/SH SH (CCI), Intel (INTC), Micron Technology (MU), Walt Disney (DIS), AbbVie (ABBV) and Mastercard (MA).

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

SBA Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.05%) and IBM Retirement Fund (0.00%). 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 purchased by a variety of institutional investors in the last quarter, including IBM Retirement Fund, and State of Alaska Department of Revenue. View insider buying and selling activity 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 $276.66.

SBA Communications has a market capitalization of $30.97 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 1,475 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 561-995-7670 or via email at [email protected]