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 has authorized a share repurchase plan on Tuesday, February 27th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analysts' expectations 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 last 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 earnings per share (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' stock. Their forecasts range from $159.00 to $200.00. On average, they expect SBA Communications' share price to reach $177.00 in the next year. This suggests a possible upside of 9.1% from the stock's current price. View Analyst Ratings for SBA Communications.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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), Equinix (EQIX), Prologis (PLD), Weyerhaeuser (WY), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP) and Boston Properties (BXP).

Media headlines about SBAC stock have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SBA Communications earned a daily sentiment score of 0.04 on Accern's scale. They also assigned news headlines about the technology company an impact score of 45.72 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include Fred Alger Management Inc. (0.76%), Manning & Napier Group LLC (0.37%), Bank of Montreal Can (0.10%), Hartford Investment Management Co. (0.06%), State of Alaska Department of Revenue (0.05%) and Retirement Systems of Alabama (0.05%). 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, Kurt L Bagwell 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 Fred Alger Management Inc., State of Alaska Department of Revenue, Bank of Montreal Can, Hartford Investment Management Co., Manning & Napier Group LLC, Municipal Employees Retirement System of Michigan, Fjarde AP Fonden Fourth Swedish National Pension Fund and Gateway Investment Advisers LLC. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jason V Silberstein, Kurt L Bagwell 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 Cornerstone Wealth Management LLC, CHURCHILL MANAGEMENT Corp, IFM Investors Pty Ltd, FNY Investment Advisers LLC, Amalgamated Bank, DnB Asset Management AS and Atria Investments LLC. 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 $162.26.

SBA Communications has a market capitalization of $18.69 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]