SBA Communications (SBAC) Expected to Announce Quarterly Earnings on Monday

SBA Communications (NASDAQ:SBAC - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $2.08 per share and revenue of $682.75 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

SBA Communications Stock Performance

Shares of NASDAQ:SBAC traded up $1.37 during midday trading on Wednesday, reaching $207.77. The company's stock had a trading volume of 696,763 shares, compared to its average volume of 749,164. The firm has a 50 day moving average price of $202.77 and a two-hundred day moving average price of $220.50. SBA Communications has a fifty-two week low of $183.64 and a fifty-two week high of $252.64. The firm has a market capitalization of $22.34 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 0.73 and a beta of 0.69.

Insider Activity

In other news, EVP Mark R. Ciarfella sold 3,545 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $224.33, for a total value of $795,249.85. Following the completion of the transaction, the executive vice president now directly owns 33,588 shares of the company's stock, valued at $7,534,796.04. This represents a 9.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Donald Day sold 2,321 shares of the company's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total value of $472,161.03. Following the completion of the transaction, the executive vice president now directly owns 4,998 shares of the company's stock, valued at approximately $1,016,743.14. This represents a 31.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Raymond James upped their price target on SBA Communications from $285.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, October 29th. BMO Capital Markets reaffirmed a "market perform" rating and set a $230.00 price target (down from $260.00) on shares of SBA Communications in a research note on Wednesday, December 18th. Citizens Jmp raised SBA Communications to a "strong-buy" rating in a research note on Monday, January 27th. JMP Securities assumed coverage on SBA Communications in a research note on Monday, January 27th. They set an "outperform" rating and a $250.00 price target on the stock. Finally, StockNews.com raised SBA Communications from a "hold" rating to a "buy" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $252.29.

About SBA Communications

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.