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 approved a share buyback program on Tuesday, February 27th 2018, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings results on Monday, April, 30th. The technology company reported $0.27 earnings per share 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $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 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 EPS 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.

13 brokerages have issued twelve-month price objectives for SBA Communications' shares. Their forecasts range from $159.00 to $200.00. On average, they expect SBA Communications' share price to reach $177.00 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View Analyst Ratings for SBA Communications.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to SBA Communications include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Equinix (EQIX), Prologis (PLD), Weyerhaeuser (WY), DIGITAL Rlty Tr/SH SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP) and Boston Properties (BXP).

Media stories about SBAC stock have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SBA Communications earned a daily sentiment score of 0.09 on Accern's scale. They also assigned media stories about the technology company an impact score of 45.97 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fred Alger Management Inc. (0.76%), Manning & Napier Group LLC (0.37%), Bank of Montreal Can (0.10%), Hartford Investment Management Co. (0.06%), State of Alaska Department of Revenue (0.05%) and Retirement Systems of Alabama (0.05%). 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, Kurt L Bagwell 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 Fred Alger Management Inc., State of Alaska Department of Revenue, Bank of Montreal Can, Hartford Investment Management Co., Manning & Napier Group LLC, Municipal Employees Retirement System of Michigan, Fjarde AP Fonden Fourth Swedish National Pension Fund and Gateway Investment Advisers LLC. Company insiders that have sold SBA Communications company stock in the last year include Brian D Lazarus, George R Krouse Jr, Jason V Silberstein, Kurt L Bagwell and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, CHURCHILL MANAGEMENT Corp, IFM Investors Pty Ltd, FNY Investment Advisers LLC, Amalgamated Bank, DnB Asset Management AS and Atria Investments LLC. 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 $162.26.

SBA Communications has a market capitalization of $18.73 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]