Streetbeat News

SBAC

SBA Communications Corporation

https://www.sbasite.com

Industry

REIT - Specialty

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. 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. For more information please visit: www.sbasite.com.

Open

212.29

Mkt cap

23B

Volume

814K

High

214.41

P/E Ratio

33.80

52-wk high

256.68

Low

211.66

Div yield

0.02

52-wk low

183.64

SBA Comms (NASDAQ:SBAC) reported Q2 earnings of $1.87 per share, missing the analyst consensus estimate of $3.14 by 40.45%. However, this is a 192.19% increase over earnings of $0.64 per share from the same period last year. The company also reported quarterly sales of $678.50 million, beating the analyst consensus estimate of $675.80 million by 0.40%. This is a 4.06% increase over sales of $652.01 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 8:15 pm

SBA Comms (NASDAQ:SBAC) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $3.14. The company's past performance shows a trend of share price drops following earnings misses. The stock is currently trading at $222.4, down 33.93% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 4:02 pm

During Thursday's session, 40 stocks hit new 52-week lows. The largest company by market cap to set a new 52-week low was Crown Castle (NYSE:CCI), while the smallest was Ucommune International (NASDAQ:UK). Vir Biotechnology (NASDAQ:VIR)'s stock fell the most, down 44.38%, while Yunji (NASDAQ:YJ)'s stock rebounded the most, trading up 0.0% after dropping to a new 52-week low.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 6:01 pm

Wells Fargo analyst Eric Luebchow has maintained an Overweight rating on SBA Comms (NASDAQ:SBAC) but lowered the price target from $300 to $270.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 12:50 pm

BMO Capital Markets analyst Ari Klein initiated coverage on three data REITs: American Tower Corp. (AMT), SBA Communications Corp. (SBAC), and Crown Castle Inc. (CCI). AMT received an Outperform rating with a price target of $230, SBAC a Market Perform rating with a price target of $260, and CCI an Underperform rating with a price target of $113. All three companies are set to announce earnings soon.

Portfolio Pulse from Ethan Roberts

July 14, 2023 | 6:02 pm

BMO Capital Markets analyst Ari Klein initiated coverage of SBA Communications Corp (NASDAQ:SBAC) with a Market Perform rating and a price target of $260. Klein is bullish on SBAC's position as a pure-play tower REIT and expects the company to see a sector-leading dividend CAGR of 18% from 2022-2025. However, he also notes that SBAC has the highest leverage among its peers and expresses concern about its a-la-carte leasing approach.

Portfolio Pulse from Lekha Gupta

July 13, 2023 | 6:27 pm

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 10 years, producing an average annual return of 11.83%. If an investor had bought $100 of SBAC stock 10 years ago, it would be worth $304.82 today. The company currently has a market capitalization of $25.98 billion.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:01 pm

BMO Capital analyst Ari Klein initiates coverage on SBA Comms (NASDAQ:SBAC) with a Market Perform rating and announces a price target of $260.

Portfolio Pulse from richadhand@benzinga.com

July 13, 2023 | 9:38 am

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 20 years, producing an average annual return of 22.95%. If an investor had bought $1000 of SBAC stock 20 years ago, it would be worth $60,033.42 today. The company currently has a market capitalization of $25.30 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:00 pm

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 20 years, producing an average annual return of 24.8%. A $100 investment in SBAC 20 years ago would be worth $8,773.97 today.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 2:00 pm

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