NASDAQ:SBAC - SBA Communications Stock Price, Price Target & More

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

SBA Communications announced that its board has authorized a share repurchase program on Tuesday, February 27th 2018, which allows the company to repurchase $1,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

SBA Communications Co. (NASDAQ:SBAC) announced its earnings results on Monday, April, 30th. The technology company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.07. The technology company earned $458.30 million during the quarter, compared to analysts' expectations of $453.50 million. SBA Communications had a negative return on equity of 4.79% and a net margin of 5.54%. SBA Communications's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company 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 EPS guidance of $7.25-7.66 for the period, compared to the Thomson Reuters consensus earnings per share 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 12 month target prices for SBA Communications' stock. Their predictions range from $159.00 to $200.00. On average, they anticipate SBA Communications' stock price to reach $177.00 in the next year. This suggests a possible upside of 8.5% 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), AvalonBay Communities (AVB), DIGITAL Rlty Tr/SH SH (DLR), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP) and Boston Properties (BXP).

Press coverage about SBAC stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SBA Communications earned a news impact score of 0.16 on Accern's scale. They also assigned media headlines about the technology company an impact score of 45.95 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

SBA Communications' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.37%), Bank of Montreal Can (0.10%), State of Alaska Department of Revenue (0.05%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.03%), CHURCHILL MANAGEMENT Corp (0.03%) and NN Investment Partners Holdings N.V. (0.02%). 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 State of Alaska Department of Revenue, Bank of Montreal Can, Manning & Napier Group LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Gateway Investment Advisers LLC and NN Investment Partners Holdings N.V.. 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 CHURCHILL MANAGEMENT Corp, IFM Investors Pty Ltd, 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 $163.13.

SBA Communications has a market capitalization of $18.96 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]