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 of Directors has authorized a stock buyback program on Tuesday, February 27th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

SBA Communications (NASDAQ:SBAC) posted its earnings results on Monday, April, 30th. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analysts' expectations of $453.50 million. SBA Communications had a negative return on equity of 4.79% and a net margin of 5.54%. The company's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $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 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 brokerages have issued 12-month price targets for SBA Communications' shares. Their forecasts range from $159.00 to $200.00. On average, they expect SBA Communications' share price to reach $177.1667 in the next year. 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 (UNRDY), Equity Residential (EQR), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR) and Boston Properties (BXP).

News stories about SBAC stock have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. SBA Communications earned a media sentiment score of 0.18 on Accern's scale. They also assigned news articles about the technology company an impact score of 45.27 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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. (4.57%), 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 purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Rivulet Capital LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., Manning & Napier Group LLC, American Assets Capital Advisers LLC, Magellan Asset Management Ltd and Dimensional Fund Advisors LP. 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 $157.69.

SBA Communications has a market capitalization of $18.16 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]