NASDAQ:SBAC - SBA Communications Stock Price, Price Target & More

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

SBA Communications declared that its board has authorized a share repurchase plan on Tuesday, February 27th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) issued its earnings results on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, beating the Thomson Reuters' 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 revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $1.69 EPS. 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 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.

14 analysts have issued 12 month price objectives for SBA Communications' shares. Their predictions range from $159.00 to $200.00. On average, they expect SBA Communications' stock price to reach $177.1667 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 International (CCI), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), UNIBAIL-RODAMCO/ADR (UNRDY), Equity Residential (EQR), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR) and Boston Properties (BXP).

News headlines about SBAC stock have been trending somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SBA Communications earned a news impact score of 0.13 on Accern's scale. They also gave media coverage about the technology company an impact score of 46.97 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors 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, Jack Langer, Jason V Silberstein and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was bought 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 $157.91.

SBA Communications has a market capitalization of $18.06 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]