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

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

SBA Communications announced a quarterly dividend on Thursday, February 20th. Investors of record on Tuesday, March 10th will be given a dividend of $0.465 per share on Thursday, March 26th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Monday, March 9th. This is an increase from SBA Communications's previous quarterly dividend of $0.37. View SBA Communications' Dividend History.

SBA Communications announced that its board has initiated a stock buyback program on Tuesday, February 27th 2018, which permits the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

SBA Communications Co. (NASDAQ:SBAC) released its earnings results on Thursday, February, 20th. The technology company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.04 by $1.45. The technology company earned $513.66 million during the quarter, compared to the consensus estimate of $506.66 million. SBA Communications had a negative return on equity of 4.24% and a net margin of 7.30%. SBA Communications's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. View SBA Communications' Earnings History.

SBA Communications is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for SBA Communications.

SBA Communications updated its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of $9.07 to $9.47 for the period, compared to the Thomson Reuters consensus estimate of $8.51. The company issued revenue guidance of $2.10 billion to $2.14 billion, compared to the consensus revenue estimate of $2.12 billion.

12 analysts have issued 12 month price targets for SBA Communications' stock. Their forecasts range from $236.00 to $338.00. On average, they expect SBA Communications' stock price to reach $282.58 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Price Targets for SBA Communications.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for SBA Communications.

Media headlines about SBAC stock have trended neutral this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SBA Communications earned a news impact score of 0.0 on InfoTrie's scale. They also assigned media stories 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 company's share price in the immediate future. View News Stories for SBA Communications.

SBA Communications saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,840,000 shares, an increase of 20.3% from the January 15th total of 1,530,000 shares. Based on an average trading volume of 599,900 shares, the short-interest ratio is presently 3.1 days. Approximately 1.7% of the shares of the 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), AT&T (T), Xilinx (XLNX), Micron Technology (MU), CROWN CASTLE IN/SH SH (CCI), Walt Disney (DIS), Home Depot (HD) and UnitedHealth Group (UNH).

SBA Communications' stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.54%), Principal Financial Group Inc. (2.63%), Cohen & Steers Inc. (2.56%), Capital Research Global Investors (2.01%), Franklin Resources Inc. (1.81%) and Geode Capital Management LLC (1.67%). 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 Cohen & Steers Inc., FMR LLC, UBS Asset Management Americas Inc., Alliancebernstein L.P., Renaissance Technologies LLC, Daiwa Securities Group Inc., Goldman Sachs Group Inc. and CIBC Private Wealth Group LLC. 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 bought by a variety of institutional investors in the last quarter, including Brookfield Public Securities Group LLC, State Street Corp, Ceredex Value Advisors LLC, USS Investment Management Ltd, Earnest Partners LLC, Massachusetts Financial Services Co. MA, Lasalle Investment Management Securities LLC and UBS Group AG. 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 $295.51.

SBA Communications has a market capitalization of $33.27 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 1,347 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]