$2.97 Earnings Per Share Expected for SBA Communications Co. (NASDAQ:SBAC) This Quarter

Equities research analysts forecast that SBA Communications Co. (NASDAQ:SBACGet Rating) will announce earnings per share (EPS) of $2.97 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for SBA Communications’ earnings. The lowest EPS estimate is $2.91 and the highest is $3.03. SBA Communications posted earnings of $2.64 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that SBA Communications will report full-year earnings of $11.97 per share for the current year, with EPS estimates ranging from $11.86 to $12.08. For the next financial year, analysts forecast that the firm will report earnings of $12.86 per share, with EPS estimates ranging from $12.55 to $13.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover SBA Communications.

SBA Communications (NASDAQ:SBACGet Rating) last announced its quarterly earnings data on Monday, April 25th. The technology company reported $1.72 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.72. SBA Communications had a negative return on equity of 8.54% and a net margin of 18.40%. The firm had revenue of $619.77 million for the quarter, compared to the consensus estimate of $603.91 million. During the same quarter last year, the business posted $2.58 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year.

A number of equities research analysts have commented on SBAC shares. Barclays lifted their target price on SBA Communications from $378.00 to $385.00 and gave the company an “overweight” rating in a research report on Tuesday, April 26th. Bank of America lifted their target price on SBA Communications from $365.00 to $425.00 in a research report on Monday, January 3rd. Jefferies Financial Group downgraded SBA Communications from a “buy” rating to a “hold” rating and reduced their target price for the company from $405.00 to $377.00 in a research report on Monday, January 10th. Royal Bank of Canada reduced their target price on SBA Communications from $380.00 to $370.00 and set an “outperform” rating on the stock in a research report on Monday, March 7th. Finally, Wells Fargo & Company lifted their price objective on SBA Communications from $375.00 to $390.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SBA Communications presently has an average rating of “Buy” and a consensus price target of $392.67.

NASDAQ:SBAC opened at $337.88 on Tuesday. SBA Communications has a 52 week low of $281.45 and a 52 week high of $391.15. The company has a market capitalization of $36.46 billion, a P/E ratio of 85.32 and a beta of 0.44. The stock’s fifty day moving average is $339.35 and its two-hundred day moving average is $341.59.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Thursday, May 19th will be paid a dividend of $0.71 per share. The ex-dividend date is Wednesday, May 18th. This represents a $2.84 annualized dividend and a yield of 0.84%. SBA Communications’s payout ratio is 71.72%.

In related news, EVP Kurt L. Bagwell sold 3,757 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $330.00, for a total transaction of $1,239,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George R. Krouse, Jr. sold 500 shares of the business’s stock in a transaction on Tuesday, March 8th. The stock was sold at an average price of $328.88, for a total value of $164,440.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,260 shares of company stock valued at $1,404,992 over the last three months. 1.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in SBAC. AE Wealth Management LLC lifted its holdings in SBA Communications by 30.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,147 shares of the technology company’s stock worth $379,000 after buying an additional 268 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in SBA Communications by 12.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,576 shares of the technology company’s stock worth $521,000 after buying an additional 170 shares during the last quarter. Shell Asset Management Co. lifted its holdings in SBA Communications by 190.3% during the 3rd quarter. Shell Asset Management Co. now owns 1,942 shares of the technology company’s stock worth $642,000 after buying an additional 1,273 shares during the last quarter. Lincoln National Corp lifted its holdings in SBA Communications by 9.2% during the 3rd quarter. Lincoln National Corp now owns 1,450 shares of the technology company’s stock worth $479,000 after buying an additional 122 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in SBA Communications by 4.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 20,995 shares of the technology company’s stock worth $6,939,000 after buying an additional 893 shares during the last quarter. 95.41% of the stock is owned by institutional investors.

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.

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Earnings History and Estimates for SBA Communications (NASDAQ:SBAC)

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