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 stock has increased by 10.8% and is now trading at $304.42. 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 1 hold rating and 15 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) posted its quarterly earnings results on Tuesday, May, 5th. The technology company reported ($1.14) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.08 by $3.22. The technology company earned $517.10 million during the quarter, compared to analysts' expectations of $512.93 million. SBA Communications had a negative return on equity of 4.24% and a negative net margin of 0.30%. SBA Communications's revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $2.07 EPS. View SBA Communications' earnings history.

SBA Communications announced 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 dividend yield of 0.61%. The ex-dividend date is Wednesday, May 27th. View SBA Communications' dividend history.

SBA Communications updated its FY 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided earnings per share (EPS) 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 $250.00 to $361.00. On average, they expect SBA Communications' share price to reach $317.13 in the next year. This suggests a possible upside of 4.2% from the stock's current price. View analysts' price targets for SBA Communications.

News stories about SBAC stock have been trending very negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SBA Communications earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave news headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about SBA Communications.

SBA Communications saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,510,000 shares, an increase of 6.3% from the May 31st total of 1,420,000 shares. Based on an average daily trading volume, of 941,200 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.4% of the shares of the company are short sold. View SBA Communications' Current Options Chain.

Some companies that are related to SBA Communications include CROWN CASTLE IN/SH SH (CCI), United States Cellular (USM), BlackBerry (BB), 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 shareholders include Manning & Napier Group LLC (0.32%), Envestnet Asset Management Inc. (0.10%), State of Alaska Department of Revenue (0.05%), DNB Asset Management AS (0.01%), IBM Retirement Fund (0.00%) and Exane Derivatives (0.00%). 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 Manning & Napier Group LLC, and IBM Retirement Fund. 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 acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Envestnet Asset Management Inc., DNB Asset Management AS, and Exane Derivatives. 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 $304.42.

SBA Communications has a market capitalization of $33.98 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]