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S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Insiders Say New “Parallel Economy” Is Wave Of Future (Ad)pixel
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
US Dollar Replaced By "Biden Bucks"? (Ad)
NASDAQ:SBAC

SBA Communications - SBAC Stock Forecast, Price & News

$350.36
+4.79 (+1.39%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$345.81
$351.35
50-Day Range
$290.87
$350.36
52-Week Range
$286.41
$391.15
Volume
395,655 shs
Average Volume
695,625 shs
Market Capitalization
$37.78 billion
P/E Ratio
108.47
Dividend Yield
0.82%
Price Target
$385.88

SBA Communications MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
10.1% Upside
$385.88 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.29mentions of SBA Communications in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$20.82 M Sold Last Quarter
Proj. Earnings Growth
9.29%
From $11.20 to $12.24 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Finance Sector

180th out of 904 stocks

Real Estate Investment Trusts Industry

35th out of 196 stocks

SBAC stock logo

About SBA Communications (NASDAQ:SBAC) Stock

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By Building Better Wireless, SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SBAC. Cowen lifted their target price on SBA Communications from $373.00 to $382.00 in a report on Tuesday, April 26th. KeyCorp lifted their target price on SBA Communications from $367.00 to $389.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Credit Suisse Group lifted their target price on SBA Communications from $405.00 to $408.00 and gave the company an "outperform" rating in a report on Tuesday, August 2nd. Barclays lifted their target price on SBA Communications from $378.00 to $385.00 and gave the company an "overweight" rating in a report on Tuesday, April 26th. Finally, StockNews.com cut SBA Communications from a "buy" rating to a "hold" rating in a research note on Friday, June 10th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, SBA Communications currently has an average rating of "Moderate Buy" and an average target price of $385.88.

SBA Communications Price Performance

SBAC opened at $345.57 on Wednesday. SBA Communications has a 1-year low of $286.41 and a 1-year high of $391.15. The business has a 50 day moving average price of $323.64 and a two-hundred day moving average price of $329.07. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 106.99 and a beta of 0.43.

SBA Communications (NASDAQ:SBAC - Get Rating) last announced its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.26). SBA Communications had a net margin of 14.45% and a negative return on equity of 6.73%. The company had revenue of $652.01 million for the quarter, compared to analyst estimates of $626.30 million. During the same quarter last year, the company posted $2.64 EPS. SBA Communications's revenue was up 13.3% on a year-over-year basis. Equities analysts expect that SBA Communications will post 11.2 EPS for the current fiscal year.

SBA Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 0.82%. The ex-dividend date is Wednesday, August 24th. SBA Communications's dividend payout ratio (DPR) is currently 87.93%.

Insider Buying and Selling at SBA Communications

In other SBA Communications news, CEO Jeffrey Stoops sold 30,000 shares of the business's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total transaction of $10,322,100.00. Following the sale, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at approximately $28,787,648.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jeffrey Stoops sold 30,000 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $344.07, for a total value of $10,322,100.00. Following the transaction, the chief executive officer now directly owns 83,668 shares of the company's stock, valued at $28,787,648.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark R. Ciarfella sold 1,000 shares of the company's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $338.05, for a total transaction of $338,050.00. Following the completion of the transaction, the executive vice president now directly owns 23,884 shares in the company, valued at $8,073,986.20. The disclosure for this sale can be found here. Insiders have sold a total of 37,912 shares of company stock valued at $13,038,108 in the last three months. 1.80% of the stock is currently owned by company insiders.

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SBAC Stock News Headlines

SBA Communications (NASDAQ:SBAC) PT Raised to $408.00
SBA Communications (NASDAQ:SBAC) Trading Down 1.5%
10 Analysts Have This to Say About SBA Communications
See More Headlines
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SBAC Company Calendar

Ex-Dividend for 6/14 Dividend
5/18/2022
Dividend Payable
6/14/2022
Last Earnings
8/01/2022
Today
8/10/2022
Ex-Dividend for 9/20 Dividend
8/24/2022
Dividend Payable
9/20/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Sector
Finance
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,596
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$385.88
High Stock Price Forecast
$425.00
Low Stock Price Forecast
$347.00
Forecasted Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
14 Analysts

Profitability

Net Income
$237.62 million
Pretax Margin
15.46%

Debt

Sales & Book Value

Annual Sales
$2.31 billion
Cash Flow
$8.91 per share
Book Value
($48.49) per share

Miscellaneous

Free Float
105,888,000
Market Cap
$37.78 billion
Optionable
Optionable
Beta
0.43

Social Links















SBAC Stock - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price forecast for 2022?

14 brokerages have issued twelve-month target prices for SBA Communications' shares. Their SBAC share price forecasts range from $347.00 to $425.00. On average, they anticipate the company's share price to reach $385.88 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
View analysts price targets for SBAC
or view top-rated stocks among Wall Street analysts.

How have SBAC shares performed in 2022?

SBA Communications' stock was trading at $389.02 on January 1st, 2022. Since then, SBAC shares have decreased by 9.9% and is now trading at $350.36.
View the best growth stocks for 2022 here
.

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Monday, August, 1st. The technology company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.90 by $0.26. The technology company had revenue of $652.01 million for the quarter, compared to analysts' expectations of $626.30 million. SBA Communications had a negative trailing twelve-month return on equity of 6.73% and a net margin of 14.45%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.64 earnings per share.
Read the conference call transcript
.

How often does SBA Communications pay dividends? What is the dividend yield for SBA Communications?

SBA Communications announced a quarterly dividend on Monday, August 1st. Investors of record on Thursday, August 25th will be given a dividend of $0.71 per share on Tuesday, September 20th. This represents a $2.84 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Wednesday, August 24th.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $2.84 per share and currently has a dividend yield of 0.82%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 87.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 23.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

What guidance has SBA Communications issued on next quarter's earnings?

SBA Communications updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.56 billion-$2.60 billion, compared to the consensus revenue estimate of $2.51 billion.

What is Jeffrey A. Stoops' approval rating as SBA Communications' CEO?

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of SBA Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), American Tower (AMT), Crown Castle International (CCI), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

What is SBA Communications' stock symbol?

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

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (2.71%), Brown Advisory Inc. (1.73%), Parnassus Investments LLC (0.65%), Mitsubishi UFJ Trust & Banking Corp (0.62%), Victory Capital Management Inc. (0.55%) and Manning & Napier Group LLC (0.52%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jack Langer, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt.
View institutional ownership trends
.

How do I buy shares of SBA Communications?

Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is SBA Communications' stock price today?

One share of SBAC stock can currently be purchased for approximately $350.36.

How much money does SBA Communications make?

SBA Communications (NASDAQ:SBAC) has a market capitalization of $37.78 billion and generates $2.31 billion in revenue each year. The technology company earns $237.62 million in net income (profit) each year or $3.23 on an earnings per share basis.

How many employees does SBA Communications have?

The company employs 1,596 workers across the globe.

When was SBA Communications founded?

SBA Communications was founded in 1989.

How can I contact SBA Communications?

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The official website for the company is www.sbasite.com. The technology company can be reached via phone at (561) 995-7670, via email at ir@sbasite.com, or via fax at 561-995-7626.

This page (NASDAQ:SBAC) was last updated on 8/11/2022 by MarketBeat.com Staff

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