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 of Directors has authorized a share repurchase program on Tuesday, February 27th 2018, which authorizes the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings data on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.07. The technology company had revenue of $458.30 million for the quarter, compared to the consensus estimate of $453.50 million. SBA Communications had a negative return on equity of 4.79% and a net margin of 5.54%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business 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 issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided EPS guidance of $7.25-7.66 for the period, compared to the Thomson Reuters consensus earnings per share 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 equities research analysts have issued 1 year price objectives for SBA Communications' shares. Their forecasts range from $159.00 to $200.00. On average, they expect SBA Communications' stock price to reach $177.00 in the next twelve months. View Analyst Ratings for SBA Communications.

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

Media stories about SBAC stock have trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications earned a news impact score of -0.18 on Accern's scale. They also assigned news articles about the technology company an impact score of 46.38 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

SBA Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.84%), Principal Financial Group Inc. (4.62%), American Century Companies Inc. (2.09%), Franklin Resources Inc. (1.62%), Dimensional Fund Advisors LP (1.45%) and Wells Fargo & Company MN (1.33%). 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 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 Iridian Asset Management LLC CT, Massachusetts Financial Services Co. MA, BlackRock Inc., Brookfield Asset Management Inc., Neuberger Berman Group LLC, Asset Management One Co. Ltd., Point72 Asset Management L.P. and Bamco Inc. NY. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jason V Silberstein and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Rivulet Capital LLC, Wells Fargo & Company MN, Summit Trail Advisors LLC, JPMorgan Chase & Co., Manning & Napier Group LLC, American Assets Capital Advisers LLC and Magellan Asset Management Ltd. 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 $162.06.

SBA Communications has a market capitalization of $18.50 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]