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. Since then, SBAC stock has increased by 13.1% and is now trading at $310.69. View which stocks have been most impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 2 hold ratings and 13 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, August 3rd 2020. View our earnings forecast for SBA Communications.

SBA Communications Co. (NASDAQ:SBAC) posted its earnings results on Tuesday, May, 5th. The technology company reported ($1.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.08 by $3.22. The technology company had revenue of $517.10 million for the quarter, compared to analyst estimates of $512.93 million. SBA Communications had a negative net margin of 0.30% and a negative return on equity of 4.24%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.07 EPS. View SBA Communications' earnings history.

SBA Communications announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Thursday, May 28th will be paid a dividend of $0.465 per share on Thursday, June 18th. This represents a $1.86 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, May 27th. View SBA Communications' dividend history.

SBA Communications updated its FY 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.04-2.08 billion, compared to the consensus revenue estimate of $2.1 billion.

15 brokers have issued 1 year price targets for SBA Communications' stock. Their forecasts range from $236.00 to $361.00. On average, they anticipate SBA Communications' share price to reach $303.80 in the next year. This suggests that the stock has a possible downside of 2.2%. View analysts' price targets for SBA Communications.

Media headlines about SBAC stock have trended very negative this week, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SBA Communications earned a daily sentiment score of -3.4 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutSBA Communications.

SBA Communications saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,360,000 shares, a decline of 9.9% from the April 30th total of 1,510,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.2% of the shares of the company 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), BlackBerry (BB), Telephone & Data Systems (TDS), Boingo Wireless (WIFI) and Spok (SPOK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), American Tower (AMT), Cisco Systems (CSCO), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), CROWN CASTLE IN/SH SH (CCI), salesforce.com (CRM), Adobe (ADBE) and Equinix (EQIX).

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

SBA Communications' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.98%), State Street Corp (4.52%), Capital Research Global Investors (3.83%), Cohen & Steers Inc. (2.77%), Principal Financial Group Inc. (2.52%) and Canada Pension Plan Investment Board (2.03%). 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 sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Mitsubishi UFJ Trust & Banking Corp, APG Asset Management N.V., APG Asset Management N.V., Zimmer Partners LP, Janus Henderson Group PLC, Two Sigma Advisers LP, and Principal Financial Group 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, Jack Langer, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan, Steven E Bernstein, and Thomas P Hunt. View insider buying and selling activity for SBA Communications.

SBAC stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., Nuveen Asset Management LLC, Cohen & Steers Inc., Parnassus Investments CA, Portsea Asset Management LLP, and Atalanta Sosnoff Capital LLC. 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 $310.69.

SBA Communications has a market capitalization of $34.68 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.

The official website for SBA Communications is 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]