$2.03 EPS Expected for SBA Communications Co. (SBAC) This Quarter

Equities analysts expect SBA Communications Co. (NASDAQ:SBAC) to report earnings per share (EPS) of $2.03 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for SBA Communications’ earnings, with the lowest EPS estimate coming in at $1.98 and the highest estimate coming in at $2.07. SBA Communications reported earnings per share of $1.83 in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The business is scheduled to announce its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that SBA Communications will report full year earnings of $8.33 per share for the current financial year, with EPS estimates ranging from $8.19 to $8.44. For the next fiscal year, analysts forecast that the company will post earnings of $9.19 per share, with EPS estimates ranging from $8.88 to $9.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow SBA Communications.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $1.89 by ($1.66). SBA Communications had a net margin of 2.20% and a negative return on equity of 1.44%. The business had revenue of $493.29 million during the quarter, compared to analyst estimates of $481.06 million. During the same quarter in the prior year, the company posted $1.85 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis.

A number of research analysts have commented on SBAC shares. KeyCorp upped their price target on SBA Communications from $176.00 to $195.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Zacks Investment Research cut SBA Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. BidaskClub cut SBA Communications from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 20th. Guggenheim cut SBA Communications from a “buy” rating to a “neutral” rating and set a $185.00 price target on the stock. in a research note on Friday, February 22nd. Finally, Morgan Stanley upped their price target on SBA Communications from $190.00 to $204.00 and gave the stock an “overweight” rating in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. SBA Communications currently has a consensus rating of “Buy” and a consensus price target of $197.56.

NASDAQ:SBAC traded up $2.27 during trading hours on Tuesday, reaching $205.50. 683,533 shares of the stock were exchanged, compared to its average volume of 669,114. SBA Communications has a twelve month low of $146.13 and a twelve month high of $214.93. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 2.71 and a beta of 0.82.

In other news, EVP Kurt L. Bagwell sold 92,154 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $181.89, for a total transaction of $16,761,891.06. Following the sale, the executive vice president now owns 82,878 shares of the company’s stock, valued at $15,074,679.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jason V. Silberstein sold 51,369 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $190.71, for a total value of $9,796,581.99. Following the sale, the executive vice president now directly owns 60,154 shares in the company, valued at approximately $11,471,969.34. The disclosure for this sale can be found here. Insiders have sold 255,916 shares of company stock worth $47,405,473 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in SBA Communications in the fourth quarter valued at $138,480,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in SBA Communications in the fourth quarter valued at $363,000. Flinton Capital Management LLC increased its holdings in SBA Communications by 11.7% in the fourth quarter. Flinton Capital Management LLC now owns 6,188 shares of the technology company’s stock valued at $1,001,000 after buying an additional 646 shares during the last quarter. RFG Advisory LLC purchased a new position in SBA Communications in the fourth quarter valued at $522,000. Finally, First Bank & Trust increased its holdings in SBA Communications by 1.8% in the fourth quarter. First Bank & Trust now owns 5,361 shares of the technology company’s stock valued at $868,000 after buying an additional 93 shares during the last quarter. 94.69% of the stock is currently owned by institutional investors and hedge funds.

SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By “Building Better Wireless,” SBA generates revenue from two primary businesses – site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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Earnings History and Estimates for SBA Communications (NASDAQ:SBAC)

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