SBA Communications (SBAC) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $226.01 to $228.88
• 50-Day Range: $218.47 to $249.31
• 52-Week Range: $183.64 to $258.76
• Volume: 325,466 shs
• Average Volume: 917,807 shs
• Market Capitalization: $24.33 billion
• P/E Ratio: 35.69
• Dividend Yield: 1.73%
• Price Target: $257.23
• Consensus Rating: Moderate Buy

SBA Communications Stock Analysis - MarketRank™

SBA Communications scored higher than 99% of companies evaluated by MarketBeat, and ranked 4th out of 941 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

SBA Communications has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

SBA Communications has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: -2.71%

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 35.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of SBA Communications is 35.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.54.

Price to Earnings Growth Ratio

SBA Communications has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.30% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SBA Communications has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

SBA Communications pays a meaningful dividend of 1.72%, 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.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -1.23

Percentage of Shares Shorted

1.30% 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 1.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in SBA Communications has recently increased by 25.45%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.27

News Sentiment

SBA Communications has a news sentiment score of 1.27. 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 is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for SBA Communications this week, compared to 8 articles on an average week.

Search Interest

5 people have searched for SBAC on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

5 people have added SBA Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $364,290.00 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.

SBAC Stock Analysis - Frequently Asked Questions

How have SBAC shares performed this year?

SBA Communications' stock was trading at $253.69 at the beginning of 2024. Since then, SBAC shares have decreased by 10.1% and is now trading at $228.19.
View the best growth stocks for 2024 here.

How were SBA Communications' earnings last quarter?

SBA Communications Co. (NASDAQ:SBAC) issued its quarterly earnings results on Monday, October, 28th. The technology company reported $2.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by $0.77. The firm's quarterly revenue was down 2.2% on a year-over-year basis.
Read the conference call transcript.

Does SBA Communications have any subsidiaries?

SBA Communications subsidiaries include these companies: 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.

Who are SBA Communications' major shareholders?

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, Jason V Silberstein, Mark R Ciarfella, Kevin L Beebe, George R Krouse Jr, Brian D Lazarus, Joshua Koenig, Donald Day, Mary S Chan, Thomas P Hunt, Brendan Thomas Cavanagh and Kurt L Bagwell.
View institutional ownership trends.

How do I buy shares of SBA Communications?

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.

What other stocks do shareholders of SBA Communications own?

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

• Ex-Dividend for 9/18 Dividend: 8/22/2024
• Dividend Payable: 9/18/2024
• Last Earnings: 10/28/2024
• Ex-Dividend for 12/12 Dividend: 11/14/2024
• Today: 11/29/2024
• Dividend Payable: 12/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Wireless Telecommunication Services
• Current Symbol: NASDAQ:SBAC
• CUSIP: 78388J10
• CIK: 1034054
• Web: www.sbasite.com
• Phone: (561) 995-7670
• Fax: 561-995-7626
• Employees: 1,787
• Year Founded: 1989

Price Target and Rating

• Average Stock Price Target: $257.23
• High Stock Price Target: $300.00
• Low Stock Price Target: $240.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.34
• Trailing P/E Ratio: 35.68
• Forward P/E Ratio: 18.01
• P/E Growth: 0.77
• Net Income: $501.81 million
• Net Margins: 25.76%
• Pretax Margin: 28.38%
• Return on Equity: -13.13%
• Return on Assets: 6.83%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.67
• Quick Ratio: 0.67

Sales & Book Value

• Annual Sales: $2.71 billion
• Price / Sales: 8.97
• Cash Flow: $12.77 per share
• Price / Cash Flow: 17.72
• Book Value: ($48.13) per share
• Price / Book: -4.70

Miscellaneous

• Outstanding Shares: 107,520,000
• Free Float: 106,125,000
• Market Cap: $24.32 billion
• Optionable: Optionable
• Beta: 0.68