SBA Communications (SBAC) to Release Quarterly Earnings on Monday

SBA Communications (NASDAQ:SBAC - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Monday, April 28th. Analysts expect SBA Communications to post earnings of $3.11 per share and revenue of $661.99 million for the quarter.

SBA Communications Price Performance

Shares of SBAC stock traded down $7.52 during trading hours on Wednesday, reaching $223.90. 1,822,723 shares of the stock were exchanged, compared to its average volume of 904,628. SBA Communications has a 12-month low of $183.64 and a 12-month high of $252.64. The business's fifty day moving average is $218.48 and its two-hundred day moving average is $216.90. The firm has a market capitalization of $24.09 billion, a P/E ratio of 35.32, a P/E/G ratio of 0.74 and a beta of 0.83.

SBA Communications Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th were issued a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 1.98%. This is an increase from SBA Communications's previous quarterly dividend of $0.98. The ex-dividend date was Thursday, March 13th. SBA Communications's payout ratio is 63.98%.

Insider Activity at SBA Communications

In other news, VP Joshua Koenig sold 2,209 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $224.18, for a total transaction of $495,213.62. Following the completion of the transaction, the vice president now directly owns 6,079 shares of the company's stock, valued at approximately $1,362,790.22. This represents a 26.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

SBAC has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of SBA Communications from $240.00 to $244.00 and gave the stock an "overweight" rating in a research report on Friday, March 21st. Citizens Jmp raised SBA Communications to a "strong-buy" rating in a report on Monday, January 27th. JMP Securities initiated coverage on SBA Communications in a research report on Monday, January 27th. They issued an "outperform" rating and a $250.00 target price for the company. Morgan Stanley started coverage on SBA Communications in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $240.00 price target on the stock. Finally, StockNews.com downgraded SBA Communications from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $251.92.

SBA Communications Company Profile

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.