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SBA Communications (SBAC) Stock Price, News & Analysis

SBA Communications logo
$203.57 +5.33 (+2.69%)
(As of 12/20/2024 05:31 PM ET)

About SBA Communications Stock (NASDAQ:SBAC)

Key Stats

Today's Range
$199.77
$204.58
50-Day Range
$198.24
$249.31
52-Week Range
$183.64
$256.68
Volume
2.46 million shs
Average Volume
923,423 shs
Market Capitalization
$21.89 billion
P/E Ratio
32.11
Dividend Yield
1.93%
Price Target
$254.92
Consensus Rating
Moderate Buy

Company Overview

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.

SBA Communications Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
100th Percentile Overall Score

SBAC MarketRank™: 

SBA Communications scored higher than 100% of companies evaluated by MarketBeat, and ranked 7th out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    SBA Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    SBA Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about SBA Communications' stock forecast and price target.
  • Earnings Growth

    Earnings for SBA Communications are expected to decrease by -2.71% in the coming year, from $12.56 to $12.22 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of SBA Communications is 32.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of SBA Communications is 32.11, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 24.70.

  • Price to Earnings Growth Ratio

    SBA Communications has a PEG Ratio of 0.72. PEG Ratios below 1 indicate that a company could be undervalued.

  • Percentage of Shares Shorted

    1.04% of the float of SBA Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    SBA Communications has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in SBA Communications has recently decreased by 20.29%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    SBA Communications pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    SBA Communications does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of SBA Communications is 61.83%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, SBA Communications will have a dividend payout ratio of 32.08% next year. This indicates that SBA Communications will be able to sustain or increase its dividend.

  • Read more about SBA Communications' dividend.
  • Percentage of Shares Shorted

    1.04% of the float of SBA Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    SBA Communications has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in SBA Communications has recently decreased by 20.29%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    SBA Communications has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for SBA Communications this week, compared to 9 articles on an average week.
  • Search Interest

    Only 3 people have searched for SBAC on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added SBA Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, SBA Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $795,250.00 in company stock.

  • Percentage Held by Insiders

    Only 1.30% of the stock of SBA Communications is held by insiders.

  • Percentage Held by Institutions

    97.35% of the stock of SBA Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about SBA Communications' insider trading history.
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SBAC Stock News Headlines

Cautious Outlook on SBA Communications Amid Leasing and Currency Challenges
Has Trump Finally Gone Too Far?
Lately, there's been a lot of buzz around a secret loophole executive insiders are using to make millions buying and selling their own stocks. It's so powerful ... so profitable ... that most people immediately assume this is just another example of Trump doing what's best for business executives. But surprisingly, this loophole has been on the books for many years and executives have been using it to make HUNDREDS of millions of dollars. And here's the good news.
BMO Capital Downgrades SBA Communications (SBAC)
Wells Fargo Reaffirms Their Hold Rating on SBA Communications (SBAC)
See More Headlines

SBAC Stock Analysis - Frequently Asked Questions

SBA Communications' stock was trading at $253.69 on January 1st, 2024. Since then, SBAC stock has decreased by 19.8% and is now trading at $203.57.
View the best growth stocks for 2024 here
.

SBA Communications Co. (NASDAQ:SBAC) released its quarterly earnings results on Monday, October, 28th. The technology company reported $2.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by $0.77. SBA Communications's revenue was down 2.2% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of SBA Communications: Bay Communications, Light Tower Wireless LLC, Optasite Holding Company Inc, AAT Communications Corporation, Communication Site Services Inc., SBA 2012 TC Assets LLC, SBA Guarantor LLC, and more.

Top institutional investors of SBA Communications include State Street Corp (4.32%), Principal Financial Group Inc. (3.86%), Geode Capital Management LLC (2.62%) and Diamond Hill Capital Management Inc. (1.60%). Insiders that own company stock include Jeffrey Stoops, Duncan Cocroft, Steven E Bernstein, Mark R Ciarfella, Jason V Silberstein, Kevin L Beebe, George R Krouse Jr, Brian D Lazarus, Joshua Koenig, Donald Day, Mary S Chan, Brendan Thomas Cavanagh and Kurt L Bagwell.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that SBA Communications investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
10/28/2024
Ex-Dividend for 12/12 Dividend
11/14/2024
Dividend Payable
12/12/2024
Today
12/22/2024
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
$254.92
High Stock Price Target
$300.00
Low Stock Price Target
$230.00
Potential Upside/Downside
+25.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$501.81 million
Pretax Margin
28.38%

Debt

Sales & Book Value

Annual Sales
$2.66 billion
Cash Flow
$12.25 per share
Book Value
($47.86) per share

Miscellaneous

Free Float
106,125,000
Market Cap
$21.89 billion
Optionable
Optionable
Beta
0.67

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This page (NASDAQ:SBAC) was last updated on 12/22/2024 by MarketBeat.com Staff
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