SBA Communications - SBAC Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SBAC shares.
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16 analysts have issued twelve-month target prices for SBA Communications' stock. Their SBAC share price forecasts range from $297.00 to $380.00. On average, they expect the company's stock price to reach $335.40 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price.
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SBA Communications' stock was trading at $280.31 at the beginning of the year. Since then, SBAC shares have decreased by 8.5% and is now trading at $256.41.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our SBAC earnings forecast.

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly earnings data on Tuesday, February, 21st. The technology company reported $0.94 EPS for the quarter, missing analysts' consensus estimates of $2.88 by $1.94. The technology company earned $686.10 million during the quarter, compared to analysts' expectations of $681.40 million. SBA Communications had a net margin of 17.52% and a negative trailing twelve-month return on equity of 8.58%. SBA Communications's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share.
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SBA Communications announced a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 10th will be paid a dividend of $0.85 per share on Friday, March 24th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, March 9th. This is a boost from the stock's previous quarterly dividend of $0.71.
Read our dividend analysis for SBAC.

ETFs with the largest weight of SBA Communications (NASDAQ:SBAC) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN), Fidelity Real Estate Investment ETF (FPRO), Invesco Active U.S. Real Estate ETF (PSR), Motley Fool Mid-Cap Growth ETF (TMFM), Pacer Data & Infrastructure Real Estate ETF (SRVR), WisdomTree New Economy Real Estate Fund (WTRE), IQ CBRE NextGen Real Estate ETF (ROOF) and Burney U.S. Factor Rotation ETF (BRNY).

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.40 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 80.76%. 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 26.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

SBA Communications issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.67 billion-$2.71 billion, compared to the consensus revenue estimate of $2.72 billion.

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.

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 (CCI), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

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

SBA Communications' stock is owned by a variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (3.00%), Deutsche Bank AG (2.67%), Principal Financial Group Inc. (2.58%), Geode Capital Management LLC (2.30%), JPMorgan Chase & Co. (2.03%) and Morgan Stanley (1.91%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan and Thomas P Hunt.
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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.
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One share of SBAC stock can currently be purchased for approximately $256.41.

SBA Communications (NASDAQ:SBAC) has a market capitalization of $27.70 billion and generates $2.63 billion in revenue each year. The technology company earns $461.43 million in net income (profit) each year or $4.21 on an earnings per share basis.

The company employs 1,834 workers across the globe.

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.