SBA Communications (SBAC) Stock Price, News & Analysis

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SBAC shares.
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11 brokerages have issued twelve-month target prices for SBA Communications' shares. Their SBAC share price targets range from $227.00 to $327.00. On average, they predict the company's stock price to reach $268.38 in the next year. This suggests a possible upside of 36.9% from the stock's current price.
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SBA Communications' stock was trading at $253.69 at the start of the year. Since then, SBAC shares have decreased by 22.7% and is now trading at $195.98.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our SBAC earnings forecast.

SBA Communications will be holding an earnings conference call on Monday, April 29th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 866-207-1041 with passcode "4541116".

SBA Communications Co. (NASDAQ:SBAC) posted its quarterly 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 negative trailing twelve-month return on equity of 9.70% and a net margin of 18.51%. SBA Communications's revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $3.11 EPS.
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SBA Communications announced a quarterly dividend on Monday, February 26th. Shareholders 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 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, March 13th. This is an increase from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for SBAC.

SBA Communications (NASDAQ:SBAC) pays an annual dividend of $3.92 per share and currently has a dividend yield of 1.94%. 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 30.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SBAC.

ETFs with the largest weight of SBA Communications (NASDAQ:SBAC) stock in their portfolio include Fidelity Real Estate Investment ETF (FPRO), Pacer Data & Infrastructure Real Estate ETF (SRVR), IQ CBRE NextGen Real Estate ETF (ROOF), WisdomTree New Economy Real Estate Fund (WTRE), Global X Data Center & Digital Infrastructure ETF (VPN), JPMorgan Realty Income ETF (JPRE), Principal Real Estate Active Opportunities ETF (BYRE) and Motley Fool Mid-Cap Growth ETF (TMFM).

SBA Communications issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share 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.

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.

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).

SBA Communications' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.13%), Ausbil Investment Management Ltd (0.05%), Hazelview Securities Inc. (0.04%), Czech National Bank (0.02%), NBC Securities Inc. (0.01%) and Banque Cantonale Vaudoise (0.01%). 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.
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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.
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