SBA Communications Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SBA Communications stock.
View analyst ratings for SBA Communications or view top-rated stocks.

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SBA Communications saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,400,000 shares, a decline of 25.1% from the August 15th total of 1,870,000 shares. Based on an average daily volume of 549,300 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.3% of the shares of the company are sold short.
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SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for SBA Communications.

SBA Communications Co. (NASDAQ:SBAC) announced its earnings results on Sunday, August, 1st. The technology company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.68 by $0.69. The technology company earned $575.40 million during the quarter, compared to analyst estimates of $559.96 million. SBA Communications had a net margin of 12.33% and a negative trailing twelve-month return on equity of 5.61%. SBA Communications's revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS.
View SBA Communications' earnings history.

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, SBAC shares have increased by 28.7% and is now trading at $353.43.
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SBA Communications declared a quarterly dividend on Monday, August 2nd. Investors of record on Thursday, August 26th will be paid a dividend of $0.58 per share on Thursday, September 23rd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, August 25th.
View SBA Communications' dividend history.

SBA Communications pays an annual dividend of $2.32 per share and currently has a dividend yield of 0.66%. The dividend payout ratio of SBA Communications is 24.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SBA Communications will have a dividend payout ratio of 21.50% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.
View SBA Communications' dividend history.

SBA Communications updated its FY 2021 earnings guidance on Monday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.26 billion-$2.30 billion, compared to the consensus revenue estimate of $2.25 billion.

15 Wall Street analysts have issued 12-month price targets for SBA Communications' shares. Their forecasts range from $305.00 to $405.00. On average, they anticipate SBA Communications' share price to reach $366.67 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
View analysts' price targets for SBA Communications or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to SBA Communications include Crown Castle International (CCI), BlackBerry (BB), United States Cellular (USM), Telephone and Data Systems (TDS), Shenandoah Telecommunications (SHEN) and Spok (SPOK).
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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), The 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.75%), BlackRock Inc. (8.74%), State Street Corp (4.01%), Principal Financial Group Inc. (2.68%), Deutsche Bank AG (2.15%) and Geode Capital Management LLC (2.15%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, 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 for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Akre Capital Management LLC, Skye Global Management LP, Wells Fargo & Company MN, Mitsubishi UFJ Trust & Banking Corp, Lasalle Investment Management Securities LLC, Ceredex Value Advisors LLC, and Goldman Sachs Group Inc.. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse, Jr, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, and Thomas P Hunt.
View insider buying and selling activity for SBA Communications or view top insider-selling stocks.

SBAC stock was bought by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Morgan Stanley, Morgan Stanley, BlackRock Inc., Geode Capital Management LLC, ClearBridge Investments Ltd, Parnassus Investments CA, and Artisan Partners Limited Partnership.
View insider buying and selling activity for SBA Communications or or view top insider-buying stocks.

Shares of SBAC 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 $353.43.

SBA Communications has a market capitalization of $38.72 billion and generates $2.08 billion in revenue each year. The technology company earns $24.10 million in net income (profit) each year or $9.44 on an earnings per share basis.

SBA Communications employs 1,483 workers across the globe.

SBA Communications was founded in 1989.

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

SBA Communications is headquartered at 8051 CONGRESS AVENUE, BOCA RATON FL, 33487.

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].