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NASDAQ:SBACSBA Communications Stock Price, Forecast & News

$297.43
-3.16 (-1.05 %)
(As of 06/5/2020 01:47 PM ET)
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Compare
Today's Range
$294.81
Now: $297.43
$314.99
50-Day Range
$281.29
MA: $297.89
$318.26
52-Week Range
$205.20
Now: $297.43
$323.02
Volume45,422 shs
Average Volume656,862 shs
Market Capitalization$33.20 billion
P/E RatioN/A
Dividend Yield0.59%
Beta0.41
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses - site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.
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SBA Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.02 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryWireless Telecommunication Services
SectorFinance
Current SymbolNASDAQ:SBAC
CUSIP78388J10
Phone561-995-7670

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.01 billion
Cash Flow$7.58 per share
Book Value($32.81) per share

Profitability

Net Income$146.99 million

Miscellaneous

Employees1,475
Market Cap$33.20 billion
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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SBA Communications (NASDAQ:SBAC) Frequently Asked Questions

How has SBA Communications' stock been impacted by COVID-19 (Coronavirus)?

SBA Communications' stock was trading at $274.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SBAC stock has increased by 8.3% and is now trading at $297.61. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of SBA Communications?

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.

When is SBA Communications' next earnings date?

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

How were SBA Communications' earnings last quarter?

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

How often does SBA Communications pay dividends? What is the dividend yield for SBA Communications?

SBA Communications announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Thursday, May 28th will be paid a dividend of $0.465 per share on Thursday, June 18th. This represents a $1.86 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Wednesday, May 27th. View SBA Communications' dividend history.

What guidance has SBA Communications issued on next quarter's earnings?

SBA Communications updated 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.

What price target have analysts set for SBAC?

16 brokers have issued 1-year target prices for SBA Communications' stock. Their forecasts range from $236.00 to $361.00. On average, they expect SBA Communications' stock price to reach $304.53 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price. View analysts' price targets for SBA Communications.

Has SBA Communications been receiving favorable news coverage?

Media coverage about SBAC stock has been trending extremely negative on Friday, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. SBA Communications earned a media sentiment score of -4.2 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutSBA Communications.

Are investors shorting SBA Communications?

SBA Communications saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,360,000 shares, a decrease 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 currently 1.3 days. Approximately 1.2% of the company's shares are short sold. View SBA Communications' Current Options Chain.

Who are some of SBA Communications' key competitors?

What other stocks do shareholders of SBA Communications own?

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).

Who are SBA Communications' key executives?

SBA Communications' management team includes the following people:
  • Mr. Steven E. Bernstein II, Founder & Chairman (Age 58)
  • Mr. Jeffrey A. Stoops, Pres, CEO & Director (Age 61)
  • Mr. Brendan Thomas Cavanagh CPA, Exec. VP & CFO (Age 47)
  • Mr. Thomas P. Hunt Esq., Exec. VP, Chief Admin. Officer & Gen. Counsel (Age 61)
  • Mr. Kurt L. Bagwell, Exec. VP & Pres of International (Age 54)

What is SBA Communications' stock symbol?

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

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders 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.

Which institutional investors are selling SBA Communications stock?

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.

Which institutional investors are buying SBA Communications stock?

SBAC stock was acquired 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.

How do I buy shares of 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.

What is SBA Communications' stock price today?

One share of SBAC stock can currently be purchased for approximately $297.61.

How big of a company is SBA Communications?

SBA Communications has a market capitalization of $33.22 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.

What is SBA Communications' official website?

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

How can I contact SBA Communications?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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