NASDAQ:SBACSBA Communications Stock Price, Forecast & News

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SBAC shares have increased by 8.2% and is now trading at $297.18. View which stocks have been most impacted by Coronavirus.

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 2 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for SBA Communications.

SBA Communications is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for SBA Communications.

SBA Communications Co. (NASDAQ:SBAC) released its earnings results on Tuesday, May, 5th. The technology company reported ($1.14) EPS for the quarter, missing the Zacks' consensus estimate of $2.08 by $3.22. The technology company had revenue of $517.10 million for the quarter, compared to the consensus estimate of $512.93 million. SBA Communications had a negative return on equity of 4.24% and a negative net margin of 0.30%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 earnings per share. View SBA Communications' earnings history.

SBA Communications declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.465 per share on Thursday, June 18th. This represents a $1.86 annualized dividend and a yield of 0.63%. The ex-dividend date is Wednesday, May 27th. View SBA Communications' dividend history.

SBA Communications issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.04-2.08 billion, compared to the consensus revenue estimate of $2.1 billion.

16 brokerages have issued 1-year target prices for SBA Communications' shares. Their forecasts range from $236.00 to $361.00. On average, they expect SBA Communications' share price to reach $304.53 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price. View analysts' price targets for SBA Communications.

Headlines about SBAC stock have been trending very positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. SBA Communications earned a news impact score of 4.0 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the stock's share price in the next few days. View the latest news aboutSBA Communications.

SBA Communications saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,360,000 shares, a decline of 9.9% from the April 30th total of 1,510,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.2% of the company's shares are sold short. View SBA Communications' Current Options Chain.

Some companies that are related to SBA Communications include CROWN CASTLE IN/SH SH (CCI), Sprint (S), BlackBerry (BB), United States Cellular (USM), Shenandoah Telecommunications (SHEN), Telephone & Data Systems (TDS), Boingo Wireless (WIFI) and Spok (SPOK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), American Tower (AMT), Cisco Systems (CSCO), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), CROWN CASTLE IN/SH SH (CCI), salesforce.com (CRM), Adobe (ADBE) and Equinix (EQIX).

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

SBA Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.98%), State Street Corp (4.52%), Capital Research Global Investors (3.83%), Cohen & Steers Inc. (2.77%), Principal Financial Group Inc. (2.52%) and Canada Pension Plan Investment Board (2.03%). Company insiders that own SBA Communications stock include Brendan Thomas Cavanagh, 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, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt. View institutional ownership trends for SBA Communications.

SBAC stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Mitsubishi UFJ Trust & Banking Corp, APG Asset Management N.V., APG Asset Management N.V., Zimmer Partners LP, Janus Henderson Group PLC, Two Sigma Advisers LP, and Principal Financial Group Inc.. Company insiders that have sold SBA Communications company stock in the last year include Brendan Thomas Cavanagh, Brian C Carr, Brian D Lazarus, Duncan Cocroft, George R Krouse Jr, Jack Langer, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan, Steven E Bernstein, and Thomas P Hunt. View insider buying and selling activity for SBA Communications.

SBAC stock was purchased by a variety of institutional investors in the last quarter, including Capital Research Global Investors, JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., Nuveen Asset Management LLC, Cohen & Steers Inc., Parnassus Investments CA, Portsea Asset Management LLP, and Atalanta Sosnoff Capital LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $297.18.

SBA Communications has a market capitalization of $33.17 billion and generates $2.01 billion in revenue each year. The technology company earns $146.99 million in net income (profit) each year or $8.49 on an earnings per share basis. SBA Communications employs 1,475 workers across the globe.

The official website for SBA Communications is www.sbasite.com.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-995-7670 or via email at [email protected]