NASDAQ:SBAC - SBA Communications Stock Price, Forecast & News

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

SBA Communications declared a quarterly dividend on Friday, October 25th. Investors of record on Thursday, November 21st will be paid a dividend of $0.37 per share on Thursday, December 19th. This represents a $1.48 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, November 20th. View SBA Communications' Dividend History.

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

SBA Communications Co. (NASDAQ:SBAC) issued its quarterly earnings data on Monday, October, 28th. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $1.97 by $1.78. The technology company had revenue of $486.60 million for the quarter, compared to analyst estimates of $497.48 million. SBA Communications had a negative return on equity of 4.16% and a net margin of 6.89%. The business's quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.92 EPS. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for SBA Communications.

11 equities research analysts have issued twelve-month price targets for SBA Communications' stock. Their forecasts range from $185.00 to $292.00. On average, they expect SBA Communications' share price to reach $251.18 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. View Analyst Price Targets for SBA Communications.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

Media stories about SBAC stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. SBA Communications earned a daily sentiment score of -4.5 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for SBA Communications.

SBA Communications saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,530,000 shares, a decline of 14.0% from the December 31st total of 1,780,000 shares. Based on an average trading volume of 608,300 shares, the short-interest ratio is presently 2.5 days. Approximately 1.4% of the company's stock 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), Telephone & Data Systems (TDS), Shenandoah Telecommunications (SHEN), Boingo Wireless (WIFI) and Spok (SPOK).

Based on aggregate information from My MarketBeat watchlists, some companies that other SBA Communications investors own include NVIDIA (NVDA), Cisco Systems (CSCO), American Tower (AMT), Xilinx (XLNX), Walt Disney (DIS), Home Depot (HD), CA (CA), Mastercard (MA), UnitedHealth Group (UNH) and Netflix (NFLX).

SBA Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.35%), New York State Teachers Retirement System (0.16%), State of Alaska Department of Revenue (0.04%), Nisa Investment Advisors LLC (0.04%), Strs Ohio (0.03%) and CHURCHILL MANAGEMENT Corp (0.02%). 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 Strs Ohio, Tuttle Tactical Management, Manning & Napier Group LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Zeke Capital Advisors LLC, IFM Investors Pty Ltd, CHURCHILL MANAGEMENT Corp and Tealwood Asset Management 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, Jason V Silberstein, Jeffrey Stoops, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mary S Chan and Steven E Bernstein. View Insider Buying and Selling for SBA Communications.

SBAC stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Nisa Investment Advisors LLC, Wealthfront Advisers LLC, DNB Asset Management AS, Campbell & CO Investment Adviser LLC, Brasada Capital Management LP, New York State Teachers Retirement System and Allred Capital Management LLC. Company insiders that have bought SBA Communications stock in the last two years include Duncan Cocroft and Jeffrey Stoops. 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, Robinhood, Fidelity and Charles Schwab.

One share of SBAC stock can currently be purchased for approximately $253.15.

SBA Communications has a market capitalization of $28.50 billion and generates $1.87 billion in revenue each year. The technology company earns $47.45 million in net income (profit) each year or $7.60 on an earnings per share basis. SBA Communications employs 1,347 workers across the globe.View Additional Information About SBA Communications.

The official website for SBA Communications is http://www.sbasite.com/.

SBA Communications' mailing address is 8051 CONGRESS AVENUE, BOCA RATON FL, 33487. The technology company can be reached via phone at 561-226-9345 or via email at [email protected]