SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company's operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing. The Company's primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Company owns approximately 25,460 towers. It also manages or leases approximately 5,500 actual or potential towers. The Company's other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Diversified Communication Services
- Sub-Industry: Wireless Telecommunication Services
- Symbol: NASDAQ:SBAC
- CUSIP: 78388J10
- Web: www.sbasite.com
- Market Cap: $17.17 billion
- Outstanding Shares: 120,357,000
- 50 Day Moving Avg: $145.77
- 200 Day Moving Avg: $132.98
- 52 Week Range: $95.66 - $154.71
Sales & Book Value:
- Trailing P/E Ratio: 490.10
- Foreward P/E Ratio: 88.58
- P/E Growth: 3.29
- Annual Revenue: $1.68 billion
- Price / Sales: 10.22
- Book Value: ($16.41) per share
- Price / Book: -8.69
- EBIDTA: $1.1 billion
- Net Margins: 2.19%
- Return on Equity: -2.64%
- Return on Assets: 0.67%
- Debt-to-Equity Ratio: -3.98%
- Current Ratio: 0.32%
- Quick Ratio: 0.32%
- Average Volume: 1.45 million shs.
- Beta: 0.71
- Short Ratio: 2.42
Frequently Asked Questions for SBA Communications Corporation (NASDAQ:SBAC)
What is SBA Communications Corporation's stock symbol?
SBA Communications Corporation trades on the NASDAQ under the ticker symbol "SBAC."
How will SBA Communications Corporation's stock buyback program work?
SBA Communications Corporation announced that its board has initiated a stock repurchase plan on Thursday, April 6th 2017, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were SBA Communications Corporation's earnings last quarter?
SBA Communications Corporation (NASDAQ:SBAC) announced its quarterly earnings data on Monday, July, 31st. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.01. The company earned $427.30 million during the quarter, compared to the consensus estimate of $426.10 million. SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 earnings per share. View SBA Communications Corporation's Earnings History.
When will SBA Communications Corporation make its next earnings announcement?
What guidance has SBA Communications Corporation issued on next quarter's earnings?
SBA Communications Corporation updated its FY17 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $6.75-7.04 for the period, compared to the Thomson Reuters consensus estimate of $6.93. The company issued revenue guidance of $1.698-1.723 billion, compared to the consensus revenue estimate of $1.72 billion.
Where is SBA Communications Corporation's stock going? Where will SBA Communications Corporation's stock price be in 2017?
14 brokerages have issued 12-month target prices for SBA Communications Corporation's stock. Their predictions range from $107.00 to $168.00. On average, they anticipate SBA Communications Corporation's stock price to reach $144.58 in the next year. View Analyst Ratings for SBA Communications Corporation.
Who are some of SBA Communications Corporation's key competitors?
Some companies that are related to SBA Communications Corporation include Sprint Corporation (S), Infosys Limited (INFY), HP (HPQ), Analog Devices (ADI), TE Connectivity (TEL), Lam Research Corporation (LRCX), NXP Semiconductors N.V. (NXPI), Infineon Technologies AG (IFNNY), Wipro Limited (WIT), Corning Incorporated (GLW), Western Digital Corporation (WDC), Amphenol Corporation (APH), Yahoo Japan Cp (YAHOY), Autodesk (ADSK), DXC Technology Company. (DXC), Fortive Corporation (FTV), Kyocera Corporation (KYO) and Hewlett Packard Enterprise Company (HPE).
Who owns SBA Communications Corporation stock?
SBA Communications Corporation's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.16%), BlackRock Inc. (6.16%), Principal Financial Group Inc. (4.62%), William Blair Investment Management LLC (2.21%), Iridian Asset Management LLC CT (2.18%) and State Street Corp (2.08%). Company insiders that own SBA Communications Corporation 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 Corporation.
Who sold SBA Communications Corporation stock? Who is selling SBA Communications Corporation stock?
SBA Communications Corporation's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., TimesSquare Capital Management LLC, FMR LLC, Stockbridge Partners LLC, Commonwealth Bank of Australia, FIL Ltd, Fairview Capital Investment Management LLC and Farallon Capital Management LLC. Company insiders that have sold SBA Communications Corporation stock in the last year include Brian C Carr, Brian D Lazarus, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications Corporation.
Who bought SBA Communications Corporation stock? Who is buying SBA Communications Corporation stock?
SBA Communications Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, PointState Capital LP, Victory Capital Management Inc., American Century Companies Inc., Voya Investment Management LLC, Dimensional Fund Advisors LP, Arrowstreet Capital Limited Partnership and Westfield Capital Management Co. LP. View Insider Buying and Selling for SBA Communications Corporation.
How do I buy SBA Communications Corporation stock?
Shares of SBA Communications Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is SBA Communications Corporation's stock price today?
MarketBeat Community Rating for SBA Communications Corporation (NASDAQ SBAC)MarketBeat's community ratings are surveys of what our community members think about SBA Communications Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of SBA Communications Corporation stock can currently be purchased for approximately $142.62.
Consensus Ratings for SBA Communications Corporation (NASDAQ:SBAC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.71)|
|Consensus Price Target: ||$144.58 (1.38% upside)|
Analysts' Ratings History for SBA Communications Corporation (NASDAQ:SBAC)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/28/2017||Citigroup Inc.||Boost Price Target||Neutral||$140.00 -> $168.00||Low|
|8/24/2017||Morgan Stanley||Reiterated Rating||Overweight||$147.00 -> $159.00||Low|
|8/2/2017||Royal Bank Of Canada||Reiterated Rating||Buy||Low|
|8/1/2017||Barclays PLC||Reiterated Rating||Overweight||$148.00||Low|
|8/1/2017||Stifel Nicolaus||Reiterated Rating||Buy||$148.00 -> $160.00||Low|
|8/1/2017||Jefferies Group LLC||Boost Price Target||Buy||$150.00 -> $159.00||Medium|
|7/14/2017||Deutsche Bank AG||Reiterated Rating||Hold||$133.00 -> $150.00||Low|
|6/12/2017||Raymond James Financial, Inc.||Reiterated Rating||Strong-Buy -> Outperform||Medium|
|5/2/2017||Cowen and Company||Boost Price Target||Outperform||$131.00 -> $141.00||Low|
|5/2/2017||Goldman Sachs Group, Inc. (The)||Boost Price Target||Neutral||$121.00 -> $131.00||Low|
|4/10/2017||Guggenheim||Upgrade||Neutral -> Buy||$118.00 -> $137.00||Medium|
|12/21/2016||BTIG Research||Reiterated Rating||Buy||$145.00||N/A|
|11/30/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$130.00||N/A|
|9/12/2016||SunTrust Banks, Inc.||Initiated Coverage||Buy||$129.00||N/A|
|7/29/2016||Pacific Crest||Reiterated Rating||Hold||N/A|
|3/30/2016||Moffett Nathanson||Boost Price Target||$133.00 -> $135.00||N/A|
|3/4/2016||Wells Fargo & Co||Downgrade||Outperform -> Market Perform||$100.00 -> $95.00||N/A|
|11/5/2015||Evercore ISI||Downgrade||Buy -> Hold||N/A|
Earnings History for SBA Communications Corporation (NASDAQ:SBAC)Earnings History by Quarter for SBA Communications Corporation (NASDAQ SBAC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/7/2017|| || || || || || || || |
|7/31/2017||Q2 2017||$0.20||$0.19||$426.10 million||$427.30 million||View||N/A|
|5/1/2017||Q1 17||$0.21||$1.69||$418.21 million||$423.40 million||View||Listen|
|2/27/2017||Q416||$0.11||$0.04||$416.92 million||$416.50 million||View||Listen|
|11/1/2016||Q3||$0.09||$1.53||$412.65 million||$411.30 million||View||N/A|
|7/28/2016||Q2||$0.14||$0.26||$403.37 million||$405.50 million||View||Listen|
|5/2/2016||Q1||$0.05||$1.45||$398.16 million||$399.77 million||View||N/A|
|2/25/2016||Q4||$0.08||$1.43||$403.59 million||$406.90 million||View||Listen|
|11/4/2015||Q3||$0.11||$1.43||$407.41 million||$410.70 million||View||Listen|
|7/29/2015||Q2||$0.09||$1.42||$410.17 million||$410.70 million||View||Listen|
|4/23/2015||Q115||$0.11||$1.41||$407.31 million||$410.10 million||View||N/A|
|2/26/2015||Q414||$0.02||$1.39||$394.87 million||$404.73 million||View||N/A|
|11/4/2014||Q314||($0.01)||$1.33||$386.50 million||$393.30 million||View||Listen|
|7/24/2014||Q214||($0.01)||$1.31||$371.40 million||$383.40 million||View||Listen|
|5/1/2014||Q114||($0.05)||$1.18||$334.60 million||$345.50 million||View||Listen|
|2/25/2014||Q413||($0.05)||($0.15)||$332.55 million||$335.40 million||View||N/A|
|11/4/2013||Q313||($0.12)||$0.16||$322.27 million||$332.09 million||View||N/A|
|8/1/2013||Q2 2013||($0.10)||($0.28)||$314.05 million||$324.30 million||View||N/A|
|4/29/2013||Q1 2013||$0.91||$0.98||$301.80 million||$313.10 million||View||N/A|
|2/21/2013||Q4 2012||($0.15)||($0.41)||$288.74 million||$293.80 million||View||N/A|
|11/5/2012||Q312||($0.23)||($0.43)||$234.64 million||$238.60 million||View||N/A|
Earnings Estimates for SBA Communications Corporation (NASDAQ:SBAC)
2017 EPS Consensus Estimate: $0.85
2018 EPS Consensus Estimate: $1.93
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for SBA Communications Corporation (NASDAQ:SBAC)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for SBA Communications Corporation (NASDAQ:SBAC)
Insider Ownership Percentage: 2.10%Insider Trades by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Institutional Ownership Percentage: 92.35%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/25/2017||Brian D Lazarus||SVP||Sell||7,376||$151.79||$1,119,603.04|| |
|8/4/2017||Mark R Ciarfella||EVP||Sell||9,655||$140.74||$1,358,844.70|| |
|8/3/2017||George R Krouse Jr||Director||Sell||1,643||$138.63||$227,769.09|| |
|6/6/2017||Jack Langer||Director||Sell||9,000||$137.04||$1,233,360.00|| |
|6/5/2017||George R Krouse Jr||Director||Sell||187||$138.43||$25,886.41|| |
|5/25/2017||Jason V Silberstein||EVP||Sell||48,930||$136.32||$6,670,137.60|| |
|5/18/2017||Brian C Carr||Director||Sell||3,475||$132.54||$460,576.50|| |
|5/17/2017||Jeffrey Stoops||CEO||Sell||94,289||$133.76||$12,612,096.64|| |
|5/5/2017||Mark R Ciarfella||EVP||Sell||15,147||$129.03||$1,954,417.41|| |
|3/10/2017||Kevin L Beebe||Director||Sell||570||$118.12||$67,328.40|| |
|3/6/2017||Mark R Ciarfella||EVP||Sell||11,346||$115.00||$1,304,790.00|| |
|9/15/2016||Duncan Cocroft||Director||Buy||500||$109.14||$54,570.00|| |
|8/10/2016||Jeffrey Stoops||CEO||Sell||100,000||$116.20||$11,620,000.00|| |
|8/9/2016||George R Krouse Jr||Director||Sell||1,565||$115.84||$181,289.60|| |
|8/9/2016||Jason V Silberstein||EVP||Sell||22,192||$115.83||$2,570,499.36|| |
|6/16/2016||Duncan Cocroft||Director||Buy||1,000||$100.16||$100,160.00|| |
|12/17/2015||Jason V. Silberstein||EVP||Sell||49,491||$101.20||$5,008,489.20|| |
|8/18/2015||George R Krouse Jr||Director||Sell||1,916||$126.67||$242,699.72|| |
|8/17/2015||Brian D Lazarus||CAO||Sell||9,163||$127.91||$1,172,039.33|| |
|8/17/2015||Kurt L Bagwell||EVP||Sell||19,735||$127.77||$2,521,540.95|| |
|6/18/2015||Mark R Ciarfella||EVP||Sell||20,852||$120.13||$2,504,950.76|| |
|3/16/2015||Kurt L Bagwell||EVP||Sell||5,974||$119.00||$710,906.00|| |
|11/24/2014||Jason V Silberstein||EVP||Sell||14,230||$117.24||$1,668,325.20|| |
|9/9/2014||Jeffrey Stoops||CEO||Sell||30,000||$112.20||$3,366,000.00|| |
|8/11/2014||Kevin L Beebe||Director||Sell||15,000||$109.56||$1,643,400.00|| |
|8/6/2014||Brian C Carr||Director||Sell||2,576||$107.06||$275,786.56|| |
|7/31/2014||George R Krouse Jr||Director||Sell||2,000||$106.99||$213,980.00|| |
|7/10/2014||Mark R Ciarfella||EVP||Sell||5,673||$105.26||$597,139.98|| |
|5/23/2014||Steven Bernstein||Chairman||Sell||75,000||$100.68||$7,551,000.00|| |
|5/13/2014||Jason Silberstein||EVP||Sell||19,583||$99.00||$1,938,717.00|| |
|5/9/2014||Jack Langer||Director||Sell||10,000||$97.12||$971,200.00|| |
|5/8/2014||Jason Silberstein||EVP||Sell||6,590||$97.00||$639,230.00|| |
|3/7/2014||Kurt Bagwell||EVP||Sell||47,505||$95.26||$4,525,326.30|| |
|3/6/2014||Mark Ciarfella||EVP||Sell||3,570||$95.75||$341,827.50|| |
|11/7/2013||Brian Lazarus||CAO||Sell||9,319||$91.66||$854,179.54|| |
|9/16/2013||Brendan Thomas Cavanagh||CFO||Sell||101,628||$77.04||$7,829,421.12|| |
|3/6/2013||Kurt L Bagwell||Insider||Sell||52,975||$73.08||$3,871,413.00|| |
|3/5/2013||Brian D Lazarus||CAO||Sell||6,413||$73.03||$468,341.39|| |
|3/5/2013||Mark R Ciarfella||SVP||Sell||7,304||$72.85||$532,096.40|| |
Headline Trends for SBA Communications Corporation (NASDAQ:SBAC)
Latest Headlines for SBA Communications Corporation (NASDAQ:SBAC)
SBA Communications Corporation (SBAC) Chart for Sunday, September, 24, 2017