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SBA Communications (SBAC) Stock Price, News & Analysis

$216.91
-1.17 (-0.54%)
(As of 01:22 PM ET)
Today's Range
$216.84
$219.94
50-Day Range
$199.95
$233.79
52-Week Range
$185.23
$267.42
Volume
286,488 shs
Average Volume
1.01 million shs
Market Capitalization
$23.45 billion
P/E Ratio
47.05
Dividend Yield
1.81%
Price Target
$271.50

SBA Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.08 Rating Score
Upside/​Downside
23.8% Upside
$271.50 Price Target
Short Interest
Healthy
2.13% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.23
Upright™ Environmental Score
News Sentiment
0.70mentions of SBA Communications in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$430,966 Sold Last Quarter
Proj. Earnings Growth
0.95%
From $12.60 to $12.72 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.80 out of 5 stars

Finance Sector

70th out of 858 stocks

Real Estate Investment Trusts Industry

11th out of 180 stocks

SBAC stock logo

About SBA Communications Stock (NASDAQ:SBAC)

SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 39,000 communications sites throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and is one of the top Real Estate Investment Trusts (REITs) by market capitalization.

SBAC Stock Price History

SBAC Stock News Headlines

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RBC Capital Reaffirms Their Buy Rating on SBA Communications (SBAC)
SBAC Quantitative Stock Analysis
SBAC Apr 2024 290.000 call
SBAC Apr 2024 210.000 call
SBAC Apr 2024 190.000 put
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SBA Communications Corporation (SBAC)
3 Real Estate Stocks to Buy as Hedge Funds Pile in
SBA Communications just upgraded at BofA, here's why
SBA Communications Q4 2023 Update
SBA Communications Q4 Profit Rises
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Today
3/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Wireless Telecommunication Services
Current Symbol
NASDAQ:SBAC
CUSIP
78388J10
Employees
1,787
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$271.50
High Stock Price Target
$327.00
Low Stock Price Target
$227.00
Potential Upside/Downside
+24.5%
Consensus Rating
Buy
Rating Score (0-4)
3.08
Research Coverage
12 Analysts

Profitability

Net Income
$501.81 million
Pretax Margin
20.23%

Debt

Sales & Book Value

Annual Sales
$2.71 billion
Cash Flow
$12.88 per share
Book Value
($47.86) per share

Miscellaneous

Free Float
106,379,000
Market Cap
$23.58 billion
Optionable
Optionable
Beta
0.56

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Should I Buy SBA Communications Stock? SBAC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of SBA Communications was last updated on Tuesday, March 26, 2024 at 11:07 PM.

Pros

Here are some ways that investors could benefit from investing in SBA Communications Co.:

  • SBA Communications Co. has a strong market capitalization of $23.24 billion, indicating stability and potential for growth.
  • The company's diversified portfolio of more than 39,000 communications sites across multiple continents provides a wide geographic reach and revenue streams.
  • Recent institutional investments in SBA Communications Co., such as Sei Investments Co. increasing its holdings by 17.0%, signal confidence from large investors.
  • SBA Communications Co. operates in the Real Estate Investment Trusts (REITs) industry, known for stable dividends and tax advantages for investors.
  • Despite a recent dip in earnings per share, the company's strong net margin of 18.51% indicates efficient operations and profit generation.

Cons

Investors should be bearish about investing in SBA Communications Co. for these reasons:

  • The company's recent earnings report showed a lower-than-expected earnings per share, which may raise concerns about future profitability.
  • SBA Communications Co.'s stock price has experienced fluctuations, with a 52-week high of $267.42 and a 52-week low of $185.23, indicating volatility in the market.
  • Wireless Telecommunication Services, the subindustry SBA Communications Co. operates in, is highly competitive and subject to rapid technological changes, posing risks to long-term growth.
  • The company's PEG ratio of 1.30 suggests that the stock may be slightly overvalued compared to its earnings growth potential.
  • Investors should consider the beta of 0.56 for SBA Communications Co., indicating lower volatility compared to the market but potentially lower returns in bullish market conditions.

SBAC Stock Analysis - Frequently Asked Questions

Should I buy or sell SBA Communications stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last year. There are currently 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SBAC shares.
View SBAC analyst ratings
or view top-rated stocks.

What is SBA Communications' stock price target for 2024?

12 analysts have issued 12 month price objectives for SBA Communications' shares. Their SBAC share price targets range from $227.00 to $327.00. On average, they anticipate the company's share price to reach $271.50 in the next year. This suggests a possible upside of 23.8% from the stock's current price.
View analysts price targets for SBAC
or view top-rated stocks among Wall Street analysts.

How have SBAC shares performed in 2024?

SBA Communications' stock was trading at $253.69 at the beginning of the year. Since then, SBAC stock has decreased by 13.5% and is now trading at $219.39.
View the best growth stocks for 2024 here
.

Are investors shorting SBA Communications?

SBA Communications saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 2,280,000 shares, a drop of 31.7% from the February 29th total of 3,340,000 shares. Based on an average daily volume of 982,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.1% of the company's stock are short sold.
View SBA Communications' Short Interest
.

When is SBA Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our SBAC earnings forecast
.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) posted its earnings results on Monday, February, 26th. The technology company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by $0.36. The technology company earned $675 million during the quarter, compared to analyst estimates of $682.11 million. SBA Communications had a net margin of 18.51% and a negative trailing twelve-month return on equity of 9.70%. SBA Communications's revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.11 EPS.
Read the conference call transcript
.

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

SBA Communications announced a quarterly dividend on Monday, February 26th. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.98 per share on Thursday, March 28th. This represents a $3.92 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, March 13th. This is a positive change from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for SBAC
.

Is SBA Communications a good dividend stock?

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.92 per share and currently has a dividend yield of 1.83%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 85.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SBAC will have a dividend payout ratio of 30.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

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

SBA Communications issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion.

What is Jeffrey A. Stoops' approval rating as SBA Communications' CEO?

247 employees have rated SBA Communications Chief Executive Officer Jeffrey A. Stoops on Glassdoor.com. Jeffrey A. Stoops has an approval rating of 99% among the company's employees. This puts Jeffrey A. Stoops in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), American Tower (AMT), Crown Castle (CCI), Micron Technology (MU), Walt Disney (DIS), AT&T (T), QUALCOMM (QCOM) and Johnson & Johnson (JNJ).

Who are SBA Communications' major shareholders?

SBA Communications' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.98%), Cohen & Steers Inc. (3.75%), Principal Financial Group Inc. (2.57%), Brown Advisory Inc. (1.94%), Massachusetts Financial Services Co. MA (1.81%) and Dimensional Fund Advisors LP (1.41%). Insiders that own company stock include Brendan Thomas Cavanagh, Brian D Lazarus, Brian D Lazarus, Duncan Cocroft, Fidelma Russo, George R Krouse Jr, George R Krouse, Jr, Jason V Silberstein, Jeffrey Stoops, Joshua Koenig, Kevin L Beebe, Kurt L Bagwell, Mark R Ciarfella, Mark R Ciarfella, Mary S Chan, Steven E Bernstein and Thomas P Hunt.
View institutional ownership trends
.

How do I buy shares of SBA Communications?

Shares of SBAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does SBA Communications have any subsidiaries?
The following companies are subsidiares of SBA Communications: AAT Communications Corporation, Bay Communications, Communication Site Services Inc., Light Tower Wireless LLC, Optasite Holding Company Inc, SBA 2012 TC Assets LLC, SBA Guarantor LLC, SBA Infrastructure LLC, SBA Monarch Towers I LLC, SBA Network Management Inc., SBA New Builds LLC, SBA Properties LLC, SBA Puerto Rico LLC, SBA Senior Finance II LLC, SBA Senior Finance LLC, SBA Site Management LLC, SBA Sites LCC, SBA Structures LCC, SBA Telecommunications LLC, SBA Torres Brasil LTDA, SBA Torres Panama S.A., SBA Towers II LLC, SBA Towers III LLC, SBA Towers IV LLC, SBA Towers IX LLC, SBA Towers LLC, SBA Towers V LLC, and SBA Towers VII LLC.
Read More
This page (NASDAQ:SBAC) was last updated on 3/28/2024 by MarketBeat.com Staff

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