SBA Communications - SBAC Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SBAC shares.
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14 Wall Street analysts have issued twelve-month target prices for SBA Communications' stock. Their SBAC share price forecasts range from $309.00 to $425.00. On average, they expect the company's stock price to reach $345.60 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
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SBA Communications' stock was trading at $389.02 at the start of the year. Since then, SBAC stock has decreased by 25.8% and is now trading at $288.70.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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SBA Communications Co. (NASDAQ:SBAC) announced its quarterly earnings results on Monday, October, 31st. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by $0.04. The technology company had revenue of $675.60 million for the quarter, compared to analysts' expectations of $651.42 million. SBA Communications had a negative trailing twelve-month return on equity of 7.57% and a net margin of 16.01%. SBA Communications's revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.71 earnings per share.
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SBA Communications announced a quarterly dividend on Monday, October 31st. Stockholders of record on Thursday, November 17th will be given a dividend of $0.71 per share on Thursday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, November 16th.
Read our dividend analysis for SBAC.

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $2.84 per share and currently has a dividend yield of 0.98%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 76.55%. 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 24.07% 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 2022 earnings guidance on Monday, November, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.62 billion-$2.64 billion, compared to the consensus revenue estimate of $2.58 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.13%), BlackRock Inc. (8.96%), State Street Corp (4.60%), Price T Rowe Associates Inc. MD (3.15%), Massachusetts Financial Services Co. MA (1.58%) and Brown Advisory Inc. (1.48%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian C Carr, 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, Steven E Bernstein 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 $288.70.

SBA Communications (NASDAQ:SBAC) has a market capitalization of $31.17 billion and generates $2.31 billion in revenue each year. The technology company earns $237.62 million in net income (profit) each year or $3.71 on an earnings per share basis.

The company employs 1,596 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.