SBA Communications (SBAC) to Release Quarterly Earnings on Monday

SBA Communications (NASDAQ:SBACGet Rating) will post its quarterly earnings results after the market closes on Monday, April 25th. Analysts expect SBA Communications to post earnings of $2.68 per share for the quarter. SBA Communications has set its FY 2022 guidance at EPS and its FY22 guidance at $11.48-$11.85 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

SBA Communications (NASDAQ:SBACGet Rating) last issued its earnings results on Monday, February 28th. The technology company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.25). SBA Communications had a negative return on equity of 4.72% and a net margin of 10.29%. The company had revenue of $595.30 million for the quarter, compared to the consensus estimate of $589.77 million. During the same quarter in the prior year, the company posted $2.49 EPS. SBA Communications’s revenue was up 11.1% compared to the same quarter last year. On average, analysts expect SBA Communications to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Shares of NASDAQ:SBAC opened at $355.38 on Monday. The firm has a market cap of $38.35 billion, a price-to-earnings ratio of 166.85 and a beta of 0.44. The firm has a fifty day moving average price of $328.19 and a 200 day moving average price of $339.60. SBA Communications has a fifty-two week low of $281.45 and a fifty-two week high of $391.15.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Thursday, March 10th were paid a dividend of $0.71 per share. This is an increase from SBA Communications’s previous quarterly dividend of $0.58. The ex-dividend date was Wednesday, March 9th. This represents a $2.84 dividend on an annualized basis and a yield of 0.80%. SBA Communications’s dividend payout ratio is presently 133.33%.

SBAC has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SBA Communications from $370.00 to $365.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. Raymond James cut their price target on shares of SBA Communications from $400.00 to $385.00 and set a “strong-buy” rating on the stock in a report on Tuesday, March 1st. Morgan Stanley upped their price target on shares of SBA Communications from $384.00 to $412.00 and gave the stock an “overweight” rating in a report on Thursday, April 7th. Credit Suisse Group cut their price target on shares of SBA Communications from $405.00 to $360.00 and set an “outperform” rating on the stock in a report on Tuesday, March 1st. Finally, Jefferies Financial Group cut shares of SBA Communications from a “buy” rating to a “hold” rating and cut their price target for the stock from $405.00 to $377.00 in a report on Monday, January 10th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $385.00.

In other news, Director George R. Krouse, Jr. sold 500 shares of the firm’s stock in a transaction dated Tuesday, March 8th. The shares were sold at an average price of $328.88, for a total value of $164,440.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kurt L. Bagwell sold 3,757 shares of the firm’s stock in a transaction dated Wednesday, March 9th. The shares were sold at an average price of $330.00, for a total transaction of $1,239,810.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,260 shares of company stock worth $1,404,992. 1.80% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in SBAC. Barclays PLC raised its position in shares of SBA Communications by 19.6% in the 4th quarter. Barclays PLC now owns 184,538 shares of the technology company’s stock valued at $71,791,000 after purchasing an additional 30,194 shares during the last quarter. Stifel Financial Corp raised its position in shares of SBA Communications by 4.4% in the 4th quarter. Stifel Financial Corp now owns 44,397 shares of the technology company’s stock valued at $17,271,000 after purchasing an additional 1,879 shares during the last quarter. NEXT Financial Group Inc raised its position in shares of SBA Communications by 20.6% in the 4th quarter. NEXT Financial Group Inc now owns 696 shares of the technology company’s stock valued at $271,000 after purchasing an additional 119 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of SBA Communications by 2.7% in the 4th quarter. Peapack Gladstone Financial Corp now owns 5,251 shares of the technology company’s stock valued at $2,043,000 after purchasing an additional 137 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of SBA Communications in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 94.02% of the company’s stock.

About SBA Communications (Get Rating)

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By ÂBuilding Better Wireless, SBA generates revenue from two primary businesses Â- site leasing and site development services.

Further Reading

Earnings History for SBA Communications (NASDAQ:SBAC)

Receive News & Ratings for SBA Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBA Communications and related companies with MarketBeat.com's FREE daily email newsletter.