SBA Communications Corporation Company Profile (NASDAQ:SBAC)

About SBA Communications Corporation (NASDAQ:SBAC)

SBA Communications Corporation logoSBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company's operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing. The Company's primary business line is its site leasing business. In its site leasing business, the Company leases antenna space to wireless service providers on towers that it owns or operates, and manages rooftop and tower sites for property owners under various contractual arrangements. The Company owns approximately 25,460 towers. It also manages or leases approximately 5,500 actual or potential towers. The Company's other business line is its site development business, through which it assists wireless service providers in developing and maintaining their own wireless service networks.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Diversified Communication Services
  • Sub-Industry: Wireless Telecommunication Services
  • Symbol: NASDAQ:SBAC
  • CUSIP: 78388J10
  • Web:
  • Market Cap: $17.34 billion
  • Outstanding Shares: 120,357,000
Average Prices:
  • 50 Day Moving Avg: $137.50
  • 200 Day Moving Avg: $126.58
  • 52 Week Range: $95.66 - $144.81
  • Trailing P/E Ratio: 491.07
  • Foreward P/E Ratio: 92.94
  • P/E Growth: 3.29
Sales & Book Value:
  • Annual Revenue: $1.68 billion
  • Price / Sales: 10.32
  • Book Value: ($16.41) per share
  • Price / Book: -8.78
  • EBIDTA: $1.1 billion
  • Net Margins: 2.19%
  • Return on Equity: -2.64%
  • Return on Assets: 0.67%
  • Debt-to-Equity Ratio: -3.98%
  • Current Ratio: 0.32%
  • Quick Ratio: 0.32%
  • Average Volume: 913,230 shs.
  • Beta: 0.73
  • Short Ratio: 2.42

Frequently Asked Questions for SBA Communications Corporation (NASDAQ:SBAC)

What is SBA Communications Corporation's stock symbol?

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

How will SBA Communications Corporation's stock buyback program work?

SBA Communications Corporation declared that its Board of Directors has approved a stock buyback program on Thursday, April 6th 2017, which authorizes the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

How were SBA Communications Corporation's earnings last quarter?

SBA Communications Corporation (NASDAQ:SBAC) posted its quarterly earnings data on Monday, July, 31st. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.01. The company earned $427.30 million during the quarter, compared to analyst estimates of $426.10 million. SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. SBA Communications Corporation's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. View SBA Communications Corporation's Earnings History.

When will SBA Communications Corporation make its next earnings announcement?

SBA Communications Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for SBA Communications Corporation.

What guidance has SBA Communications Corporation issued on next quarter's earnings?

SBA Communications Corporation issued an update on its FY17 earnings guidance on Monday, July, 31st. The company provided EPS guidance of $6.75-7.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.93. The company issued revenue guidance of $1.698-1.723 billion, compared to the consensus revenue estimate of $1.72 billion.

Where is SBA Communications Corporation's stock going? Where will SBA Communications Corporation's stock price be in 2017?

15 brokers have issued twelve-month price objectives for SBA Communications Corporation's shares. Their forecasts range from $107.00 to $160.00. On average, they anticipate SBA Communications Corporation's stock price to reach $140.31 in the next twelve months. View Analyst Ratings for SBA Communications Corporation.

Who are some of SBA Communications Corporation's key competitors?

Who owns SBA Communications Corporation stock?

SBA Communications Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.16%), BlackRock Inc. (6.16%), Principal Financial Group Inc. (4.62%), William Blair Investment Management LLC (2.21%), Iridian Asset Management LLC CT (2.18%) and State Street Corp (2.08%). Company insiders that own SBA Communications Corporation stock include Brian C Carr, 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 Corporation.

Who sold SBA Communications Corporation stock? Who is selling SBA Communications Corporation stock?

SBA Communications Corporation's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., TimesSquare Capital Management LLC, FMR LLC, Stockbridge Partners LLC, Commonwealth Bank of Australia, FIL Ltd, Fairview Capital Investment Management LLC and Farallon Capital Management LLC. Company insiders that have sold SBA Communications Corporation stock in the last year include Brian C Carr, George R Krouse Jr, Jack Langer, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe and Mark R Ciarfella. View Insider Buying and Selling for SBA Communications Corporation.

Who bought SBA Communications Corporation stock? Who is buying SBA Communications Corporation stock?

SBA Communications Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, PointState Capital LP, Victory Capital Management Inc., American Century Companies Inc., Voya Investment Management LLC, Dimensional Fund Advisors LP, Arrowstreet Capital Limited Partnership and Westfield Capital Management Co. LP. View Insider Buying and Selling for SBA Communications Corporation.

How do I buy SBA Communications Corporation stock?

Shares of SBA Communications Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is SBA Communications Corporation's stock price today?

One share of SBA Communications Corporation stock can currently be purchased for approximately $144.06.

MarketBeat Community Rating for SBA Communications Corporation (NASDAQ SBAC)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  388 (Vote Outperform)
Underperform Votes:  305 (Vote Underperform)
Total Votes:  693
MarketBeat's community ratings are surveys of what our community members think about SBA Communications Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for SBA Communications Corporation (NASDAQ:SBAC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 12 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $140.31 (2.60% downside)

Analysts' Ratings History for SBA Communications Corporation (NASDAQ:SBAC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/2/2017Royal Bank Of CanadaReiterated RatingBuyLowView Rating Details
8/1/2017Barclays PLCReiterated RatingOverweight$148.00LowView Rating Details
8/1/2017Stifel NicolausReiterated RatingBuy$148.00 -> $160.00LowView Rating Details
8/1/2017Jefferies Group LLCBoost Price TargetBuy$150.00 -> $159.00MediumView Rating Details
7/14/2017Deutsche Bank AGReiterated RatingHold$133.00 -> $150.00LowView Rating Details
6/12/2017Raymond James Financial, Inc.Reiterated RatingStrong-Buy -> OutperformMediumView Rating Details
6/12/2017Citigroup Inc.DowngradeOutperform$153.00MediumView Rating Details
5/2/2017Cowen and CompanyBoost Price TargetOutperform$131.00 -> $141.00LowView Rating Details
5/2/2017Goldman Sachs Group, Inc. (The)Boost Price TargetNeutral$121.00 -> $131.00LowView Rating Details
4/10/2017GuggenheimUpgradeNeutral -> Buy$118.00 -> $137.00MediumView Rating Details
2/26/2017MacquarieReiterated RatingHold$107.00N/AView Rating Details
12/21/2016BTIG ResearchReiterated RatingBuy$145.00N/AView Rating Details
11/30/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$130.00N/AView Rating Details
9/12/2016SunTrust Banks, Inc.Initiated CoverageBuy$129.00N/AView Rating Details
8/25/2016Morgan StanleyReiterated RatingBuy$134.00N/AView Rating Details
7/29/2016Pacific CrestReiterated RatingHoldN/AView Rating Details
3/30/2016Moffett NathansonBoost Price Target$133.00 -> $135.00N/AView Rating Details
3/4/2016Wells Fargo & CompanyDowngradeOutperform -> Market Perform$100.00 -> $95.00N/AView Rating Details
11/5/2015Evercore ISIDowngradeBuy -> HoldN/AView Rating Details
(Data available from 8/21/2015 forward)


Earnings History for SBA Communications Corporation (NASDAQ:SBAC)
Earnings by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Earnings History by Quarter for SBA Communications Corporation (NASDAQ SBAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/31/2017Q2 2017$0.20$0.19$426.10 million$427.30 millionViewN/AView Earnings Details
5/1/2017Q1 17$0.21$1.69$418.21 million$423.40 millionViewListenView Earnings Details
2/27/2017Q416$0.11$0.04$416.92 million$416.50 millionViewListenView Earnings Details
11/1/2016Q3$0.09$1.53$412.65 million$411.30 millionViewN/AView Earnings Details
7/28/2016Q2$0.14$0.26$403.37 million$405.50 millionViewListenView Earnings Details
5/2/2016Q1$0.05$1.45$398.16 million$399.77 millionViewN/AView Earnings Details
2/25/2016Q4$0.08$1.43$403.59 million$406.90 millionViewListenView Earnings Details
11/4/2015Q3$0.11$1.43$407.41 million$410.70 millionViewListenView Earnings Details
7/29/2015Q2$0.09$1.42$410.17 million$410.70 millionViewListenView Earnings Details
4/23/2015Q115$0.11$1.41$407.31 million$410.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.02$1.39$394.87 million$404.73 millionViewN/AView Earnings Details
11/4/2014Q314($0.01)$1.33$386.50 million$393.30 millionViewListenView Earnings Details
7/24/2014Q214($0.01)$1.31$371.40 million$383.40 millionViewListenView Earnings Details
5/1/2014Q114($0.05)$1.18$334.60 million$345.50 millionViewListenView Earnings Details
2/25/2014Q413($0.05)($0.15)$332.55 million$335.40 millionViewN/AView Earnings Details
11/4/2013Q313($0.12)$0.16$322.27 million$332.09 millionViewN/AView Earnings Details
8/1/2013Q2 2013($0.10)($0.28)$314.05 million$324.30 millionViewN/AView Earnings Details
4/29/2013Q1 2013$0.91$0.98$301.80 million$313.10 millionViewN/AView Earnings Details
2/21/2013Q4 2012($0.15)($0.41)$288.74 million$293.80 millionViewN/AView Earnings Details
11/5/2012Q312($0.23)($0.43)$234.64 million$238.60 millionViewN/AView Earnings Details
8/2/2012($0.15)($0.44)ViewN/AView Earnings Details
4/30/2012($0.18)($0.20)ViewN/AView Earnings Details
2/23/2012($0.21)($0.27)ViewN/AView Earnings Details
10/31/2011($0.19)($0.30)ViewN/AView Earnings Details
8/1/2011($0.20)($0.27)ViewN/AView Earnings Details
4/28/2011($0.21)($0.30)ViewN/AView Earnings Details
2/24/2011($0.22)($0.34)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for SBA Communications Corporation (NASDAQ:SBAC)
2017 EPS Consensus Estimate: $0.85
2018 EPS Consensus Estimate: $1.93
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.12$0.22$0.17
Q2 20172$0.17$0.20$0.19
Q3 20173$0.23$0.25$0.24
Q4 20173$0.25$0.26$0.26
Q1 20181$0.39$0.39$0.39
Q2 20181$0.46$0.46$0.46
Q3 20181$0.52$0.52$0.52
Q4 20181$0.56$0.56$0.56
(Data provided by Zacks Investment Research)


Dividend History for SBA Communications Corporation (NASDAQ:SBAC)
No dividend announcements for this company have been tracked by

Insider Trades

Insider Trading and Institutional Ownership History for SBA Communications Corporation (NASDAQ:SBAC)
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 99.23%
Insider Trades by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Institutional Ownership by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Insider Trades by Quarter for SBA Communications Corporation (NASDAQ:SBAC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/4/2017Mark R CiarfellaEVPSell9,655$140.74$1,358,844.70View SEC Filing  
8/3/2017George R Krouse JrDirectorSell1,643$138.63$227,769.09View SEC Filing  
6/6/2017Jack LangerDirectorSell9,000$137.04$1,233,360.00View SEC Filing  
6/5/2017George R Krouse JrDirectorSell187$138.43$25,886.41View SEC Filing  
5/25/2017Jason V SilbersteinEVPSell48,930$136.32$6,670,137.60View SEC Filing  
5/18/2017Brian C CarrDirectorSell3,475$132.54$460,576.50View SEC Filing  
5/17/2017Jeffrey StoopsCEOSell94,289$133.76$12,612,096.64View SEC Filing  
5/5/2017Mark R CiarfellaEVPSell15,147$129.03$1,954,417.41View SEC Filing  
3/10/2017Kevin L BeebeDirectorSell570$118.12$67,328.40View SEC Filing  
3/6/2017Mark R CiarfellaEVPSell11,346$115.00$1,304,790.00View SEC Filing  
9/15/2016Duncan CocroftDirectorBuy500$109.14$54,570.00View SEC Filing  
8/10/2016Jeffrey StoopsCEOSell100,000$116.20$11,620,000.00View SEC Filing  
8/9/2016George R Krouse JrDirectorSell1,565$115.84$181,289.60View SEC Filing  
8/9/2016Jason V SilbersteinEVPSell22,192$115.83$2,570,499.36View SEC Filing  
6/16/2016Duncan CocroftDirectorBuy1,000$100.16$100,160.00View SEC Filing  
12/17/2015Jason V. SilbersteinEVPSell49,491$101.20$5,008,489.20View SEC Filing  
8/18/2015George R Krouse JrDirectorSell1,916$126.67$242,699.72View SEC Filing  
8/17/2015Brian D LazarusCAOSell9,163$127.91$1,172,039.33View SEC Filing  
8/17/2015Kurt L BagwellEVPSell19,735$127.77$2,521,540.95View SEC Filing  
6/18/2015Mark R CiarfellaEVPSell20,852$120.13$2,504,950.76View SEC Filing  
3/16/2015Kurt L BagwellEVPSell5,974$119.00$710,906.00View SEC Filing  
11/24/2014Jason V SilbersteinEVPSell14,230$117.24$1,668,325.20View SEC Filing  
9/9/2014Jeffrey StoopsCEOSell30,000$112.20$3,366,000.00View SEC Filing  
8/11/2014Kevin L BeebeDirectorSell15,000$109.56$1,643,400.00View SEC Filing  
8/6/2014Brian C CarrDirectorSell2,576$107.06$275,786.56View SEC Filing  
7/31/2014George R Krouse JrDirectorSell2,000$106.99$213,980.00View SEC Filing  
7/10/2014Mark R CiarfellaEVPSell5,673$105.26$597,139.98View SEC Filing  
5/23/2014Steven BernsteinChairmanSell75,000$100.68$7,551,000.00View SEC Filing  
5/13/2014Jason SilbersteinEVPSell19,583$99.00$1,938,717.00View SEC Filing  
5/9/2014Jack LangerDirectorSell10,000$97.12$971,200.00View SEC Filing  
5/8/2014Jason SilbersteinEVPSell6,590$97.00$639,230.00View SEC Filing  
3/7/2014Kurt BagwellEVPSell47,505$95.26$4,525,326.30View SEC Filing  
3/6/2014Mark CiarfellaEVPSell3,570$95.75$341,827.50View SEC Filing  
11/7/2013Brian LazarusCAOSell9,319$91.66$854,179.54View SEC Filing  
9/16/2013Brendan Thomas CavanaghCFOSell101,628$77.04$7,829,421.12View SEC Filing  
3/6/2013Kurt L BagwellInsiderSell52,975$73.08$3,871,413.00View SEC Filing  
3/5/2013Brian D LazarusCAOSell6,413$73.03$468,341.39View SEC Filing  
3/5/2013Mark R CiarfellaSVPSell7,304$72.85$532,096.40View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for SBA Communications Corporation (NASDAQ:SBAC)
Latest Headlines for SBA Communications Corporation (NASDAQ:SBAC)
DateHeadline logoReviewing SBA Communications Corporation (SBAC) and Inseego Corp. (INSG) - August 19 at 10:48 AM logoFinancial Contrast: SBA Communications Corporation (SBAC) & Inseego Corp. (INSG) - August 16 at 4:04 AM logoEarnings Review and Free Research Report: SBA Communications’ Revenue Grew 5.4%; AFFO Surged 16.9% - August 14 at 3:47 PM logoSee what the IHS Markit Score report has to say about SBA Communications Corp. - August 11 at 8:20 AM logoGeorge R. Krouse, Jr. Sells 1,643 Shares of SBA Communications Corporation (SBAC) Stock - August 7 at 8:02 PM logoSBA Communications Corporation (SBAC) EVP Sells $1,358,844.70 in Stock - August 7 at 7:20 PM logoSBA Communications Corporation (NASDAQ:SBAC) Expected to Announce Quarterly Sales of $431.69 Million - August 6 at 7:00 AM logoFY2017 Earnings Estimate for SBA Communications Corporation (SBAC) Issued By KeyCorp - August 3 at 9:32 AM logoSunTrust Banks Equities Analysts Decrease Earnings Estimates for SBA Communications Corporation (NASDAQ:SBAC) - August 3 at 9:30 AM logoSBA Communications Corporation (SBAC) Expected to Earn Q3 2017 Earnings of $0.23 Per Share - August 3 at 7:40 AM logoKeyCorp Weighs in on SBA Communications Corporation's Q3 2017 Earnings (SBAC) - August 2 at 7:32 AM logoSBA Communications Corporation Expected to Post Q3 2017 Earnings of $0.24 Per Share (NASDAQ:SBAC) - August 2 at 7:32 AM logoBarclays PLC Reaffirms "Overweight" Rating for SBA Communications Corporation (SBAC) - August 1 at 5:24 PM logoSBA Communications Corporation (NASDAQ:SBAC) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS - August 1 at 11:56 AM logoSBA Communications Corporation (NASDAQ:SBAC) Given "Buy" Rating at Stifel Nicolaus - August 1 at 11:08 AM logoSBA Communications Corporation Reports 2nd Quarter 2017 Results; Updates Full Year 2017 Outlook - August 1 at 6:12 AM logoSBA Communications misses 2Q profit forecasts - August 1 at 6:12 AM logoSBA Communications Corporation (SBAC) Issues FY17 Earnings Guidance - July 31 at 6:34 PM logoContrasting Inseego Corp. (INSG) & SBA Communications Corporation (SBAC) - July 31 at 12:34 AM logoSBA Communications Corporation (NASDAQ:SBAC) vs. Towerstream (TWER) Financial Review - July 29 at 12:34 PM logoSBA Communications Corporation (NASDAQ:SBAC) Given Average Rating of "Buy" by Brokerages - July 28 at 2:51 PM logoSprint (S) Q1 Earnings: Is Disappointment in the Cards? - July 28 at 7:40 AM logoShould You Buy SBA Communications (SBAC) Ahead of Earnings? - July 28 at 7:40 AM logoSBA Communications Corporation (SBAC) Set to Announce Earnings on Monday - July 27 at 3:45 PM logoHead-To-Head Comparison: SBA Communications Corporation (SBAC) & Oi SA (OIBR) - July 26 at 9:19 AM logoHead to Head Comparison: SBA Communications Corporation (NASDAQ:SBAC) & Towerstream (TWER) - July 25 at 8:21 PM logoZacks Investment Research Upgrades SBA Communications Corporation (SBAC) to "Strong-Buy" - July 20 at 8:06 AM logoZacks Investment Research Downgrades SBA Communications Corporation (SBAC) to Hold - July 19 at 8:53 AM logoSBA Communications Corporation Sets Date for 2nd Quarter 2017 Earnings Release - July 18 at 7:56 AM logoZacks: Analysts Expect SBA Communications Corporation (SBAC) Will Announce Quarterly Sales of $425.09 Million - July 15 at 8:04 AM logoSBA Communications Corporation (SBAC) Price Target Increased to $150.00 by Analysts at Deutsche Bank AG - July 14 at 11:32 AM logoSBA Communications Corporation (NASDAQ:SBAC) Expected to Post Earnings of $0.19 Per Share - July 13 at 4:33 PM logoSBA Communications Corporation (NASDAQ:SBAC) Lifted to Strong-Buy at Zacks Investment Research - July 5 at 9:12 AM logoSBA Communications Corporation (NASDAQ:SBAC) Given Consensus Rating of "Buy" by Analysts - July 3 at 12:56 PM logoContrasting SBA Communications Corporation (SBAC) & Cogent Communications Holdings (CCOI) - July 1 at 8:40 AM logoSBA Communications Corporation (SBAC) Short Interest Update - July 1 at 7:14 AM logoHow These Communication Services Stocks are Performing? -- SBA Communications, West Corp., BT Group, and NeuStar - June 27 at 8:05 AM logo$425.09 Million in Sales Expected for SBA Communications Corporation (SBAC) This Quarter - June 21 at 9:37 AM logoZacks: Brokerages Anticipate SBA Communications Corporation (SBAC) to Announce $0.20 Earnings Per Share - June 19 at 4:10 PM logoSBA Communications Corporation (SBAC) vs. Boingo Wireless (WIFI) Financial Analysis - June 17 at 12:14 PM logoAmerican Tower Gains Growth Trajectory with Tenant Diversity - June 13 at 10:18 AM logoCell Tower Stocks Downgraded; Possible Sprint, T-Mobile Merger Looms - June 12 at 4:22 PM logoSBA Communications Corporation (SBAC) Earns Outperform Rating from Raymond James Financial, Inc. - June 12 at 9:36 AM logoSBA Communications Corporation (SBAC) Rating Lowered to Outperform at Citigroup Inc. - June 12 at 9:04 AM logoSBA Communications Co. (SBAC) Downgraded to "Buy" at BidAskClub - June 10 at 12:36 AM logoSBA Communications Co. (SBAC) Director Jack Langer Sells 9,000 Shares - June 8 at 7:12 PM logoInsider Selling: SBA Communications Co. (SBAC) Director Sells 187 Shares of Stock - June 6 at 8:41 PM logoSBA Communications Co. (SBAC) Given Consensus Recommendation of "Buy" by Brokerages - June 6 at 12:52 PM logoCritical Review: West Corp (WSTC) versus SBA Communications (SBAC) - June 5 at 8:00 AM logoSBA Communications Co. (SBAC) EVP Sells $6,670,137.60 in Stock - May 30 at 7:22 PM



SBA Communications Corporation (SBAC) Chart for Monday, August, 21, 2017

This page was last updated on 8/21/2017 by Staff