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 stock repurchase program on Tuesday, February 27th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

SBA Communications (NASDAQ:SBAC) announced its earnings results on Monday, April, 30th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm 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 updated its FY18 earnings guidance on Monday, April, 30th. The company provided earnings per share (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 analysts have issued 1-year target prices for SBA Communications' stock. Their predictions range from $159.00 to $200.00. On average, they anticipate SBA Communications' share price to reach $177.1667 in the next twelve months. 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).

Press coverage about SBAC stock has trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by monitoring more than 20 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 nearest to one being the most favorable. SBA Communications earned a media sentiment score of 0.07 on Accern's scale. They also gave media headlines about the technology company an impact score of 47.59 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors 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 acquired 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]