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NASDAQ:SBAC

SBA Communications Stock Forecast, Price & News

$308.70
-3.65 (-1.17 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$306.49
Now: $308.70
$313.74
50-Day Range
$295.64
MA: $306.53
$323.35
52-Week Range
$205.20
Now: $308.70
$328.37
Volume703,719 shs
Average Volume773,145 shs
Market Capitalization$34.56 billion
P/E RatioN/A
Dividend Yield0.60%
Beta0.37
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. 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.
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SBA Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.7Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.48 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryWireless Telecommunication Services
SectorFinance
Current SymbolNASDAQ:SBAC
CUSIP78388J10
Phone561-995-7670

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.01 billion
Cash Flow$8.13 per share
Book Value($32.81) per share

Profitability

Net Income$146.99 million

Miscellaneous

Employees1,475
Market Cap$34.56 billion
Next Earnings Date10/26/2020 (Estimated)
OptionableOptionable
$308.70
-3.65 (-1.17 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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SBA Communications (NASDAQ:SBAC) Frequently Asked Questions

How has SBA Communications' stock price been impacted by Coronavirus?

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 shares have increased by 12.4% and is now trading at $308.70.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of SBA Communications?

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

When is SBA Communications' next earnings date?

SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for SBA Communications
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) posted its earnings results on Monday, August, 3rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.05 by $1.85. The technology company earned $507.23 million during the quarter, compared to analyst estimates of $500.60 million. SBA Communications had a negative net margin of 0.74% and a negative return on equity of 4.24%. The company's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.09 EPS.
View SBA Communications' earnings history
.

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

SBA Communications announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.465 per share on Tuesday, September 22nd. This represents a $1.86 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, August 24th.
View SBA Communications' dividend history
.

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

SBA Communications issued an update on its FY20 earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of $8.94-9.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.58. The company issued revenue guidance of $2.047-2.087 billion, compared to the consensus revenue estimate of $2.07 billion.

What price target have analysts set for SBAC?

16 brokers have issued 1-year target prices for SBA Communications' shares. Their forecasts range from $273.00 to $361.00. On average, they expect SBA Communications' stock price to reach $321.67 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts' price targets for SBA Communications
.

Are investors shorting SBA Communications?

SBA Communications saw a decrease in short interest in August. As of August 14th, there was short interest totaling 1,310,000 shares, a decrease of 16.0% from the July 30th total of 1,560,000 shares. Based on an average trading volume of 706,200 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.2% of the shares of the stock are sold short.
View SBA Communications' Short Interest
.

Who are some of SBA Communications' key competitors?

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 Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), CROWN CASTLE IN/SH SH (CCI), American Tower (AMT), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and AbbVie (ABBV).

Who are SBA Communications' key executives?

SBA Communications' management team includes the following people:
  • Mr. Steven E. Bernstein II, Founder & Chairman (Age 58)
  • Mr. Jeffrey A. Stoops, Pres, CEO & Director (Age 61)
  • Mr. Brendan Thomas Cavanagh CPA, Exec. VP & CFO (Age 47)
  • Mr. Thomas P. Hunt Esq., Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 61)
  • Mr. Kurt L. Bagwell, Exec. VP & Pres of International (Age 54)

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.12%), BlackRock Inc. (9.38%), Principal Financial Group Inc. (2.34%), Canada Pension Plan Investment Board (1.52%), FMR LLC (1.47%) and Nuveen Asset Management LLC (1.07%). 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
.

Which institutional investors are selling SBA Communications stock?

SBAC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Canada Pension Plan Investment Board, CIBC Private Wealth Group LLC, Principal Financial Group Inc., APG Asset Management N.V., Toronto Dominion Bank, and Bamco Inc. NY. 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, 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
.

Which institutional investors are buying SBA Communications stock?

SBAC stock was bought by a variety of institutional investors in the last quarter, including Mitsubishi UFJ Trust & Banking Corp, Victory Capital Management Inc., Brookfield Asset Management Inc., Charles Schwab Investment Management Inc., Holocene Advisors LP, Goldman Sachs Group Inc., Lasalle Investment Management Securities LLC, and Russell Investments Group Ltd..
View insider buying and selling activity for SBA Communications
.

How do I buy shares of 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.

What is SBA Communications' stock price today?

One share of SBAC stock can currently be purchased for approximately $308.70.

How big of a company is SBA Communications?

SBA Communications has a market capitalization of $34.56 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.

What is SBA Communications' official website?

The official website for SBA Communications is www.sbasite.com.

How can I contact SBA Communications?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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