SBA Communications Corporation (SBAC)
| Market Cap | 23.83B |
| Revenue (ttm) | 2.66B |
| Net Income (ttm) | 685.43M |
| Shares Out | 107.52M |
| EPS (ttm) | 6.34 |
| PE Ratio | 34.97 |
| Forward PE | 25.56 |
| Dividend | $3.92 (1.77%) |
| Ex-Dividend Date | Nov 14, 2024 |
| Volume | 687,121 |
| Open | 218.16 |
| Previous Close | 221.09 |
| Day's Range | 218.16 - 221.80 |
| 52-Week Range | 183.64 - 258.76 |
| Beta | 0.67 |
| Analysts | Buy |
| Price Target | 257.07 (+16.0%) |
| Earnings Date | Oct 28, 2024 |
About SBAC
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. [Read more]
Financial Performance
In 2023, SBA Communications's revenue was $2.71 billion, an increase of 2.97% compared to the previous year's $2.63 billion. Earnings were $501.81 million, an increase of 8.75%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for SBAC stock is "Buy." The 12-month stock price forecast is $257.07, which is an increase of 16.00% from the latest price.
News
SBA Communications: Still An Appealing Play Despite Mixed Quarterly Results
SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue declin...
SBA Communications Corporation (SBAC) Q3 2024 Earnings Call Transcript
SBA Communications Corporation (NASDAQ:SBAC) Q3 2024 Earnings Conference Call October 28, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO...
SBA Communications raises annual adjusted FFO forecast on steady demand
SBA Communications raised its annual forecast for adjusted funds from operations on Monday, anticipating a steady wireless carrier activity on the back of growing demand for 5G network.
SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024. Highlights of the third quart...
SBA Communications Corporation: A Capital Structure Supporting Dividend Growth (Earnings Preview)
The Fed easing monetary conditions impacts cell tower REITs considerably given the capital intensity of investments and the dividends they pay. Utilizing a higher level of debt, lower rates should hav...
SBA Communications Corporation Sets Date for Third Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Monday, October 28, 2024 after market clos...
SBA Communications Corporation to Speak at the Goldman Sachs 2024 Communacopia + Technology Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer, is scheduled to speak at the Goldman Sa...
SBA Communications Corporation to Speak at the Citi 2024 Global TMT Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Citi 2024 Global TMT Confe...
SBA Communications Corporation to Speak at The Bank of America 2024 Media, Communications and Entertainment Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the Bank of America 2024 Media...
This Could Be Your Last Chance To Win Big With REITs
REITs are still priced at historically low valuations. But not for much longer. The recovery has finally begun, and I think that it will continue.
SBA Communications Corporation (SBAC) Q2 2024 Earnings Call Transcript
SBA Communications Corporation (NASDAQ:SBAC) Q2 2024 Earnings Call Transcript July 29, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Brendan Cavanagh - CEO Marc Montagner - CFO Co...
SBA Communications Corporation Reports Second Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2024. Highlights of the second quarter i...
SBA Communications Corporation Sets Date for Second Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its second quarter results on Monday, July 29, 2024 after market close....
MITRE Announces Strategic Partnership with Atlantic Council to Enhance Transatlantic Security
MCLEAN, Va. & BEDFORD, Mass.--(BUSINESS WIRE)-- #AtlanticCouncil--With a shared commitment to safeguard the transatlantic community, MITRE announced a new partnership with the Atlantic Council. Togeth...
Multiply Your Income With These Great 6-8% Yields
Income investing is not just for retirees; it can provide financial independence and stability for investors of all ages. Crown Castle and Ladder Capital are two dividend picks with yields of 6.4% and...
Why I Quit Buying Rental Properties To Buy REITs Instead
REITs are better investments than rental properties in most cases. They are not only safer, but they are also more rewarding. Even then, many investors favor rental properties due to misconceptions. L...
An Important Warning To REIT Investors
The window of opportunity to buy REITs could be closing. They enjoy a very strong catalyst going into 2025. Warning: this could be your final chance to buy REITs at such low valuations.
SBA Communications Corporation to Speak at The JP Morgan 52nd Annual Global Technology, Media and Communications Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer is scheduled to speak at the JP Morgan 5...
SBA Communications: Value Investors Having The Last Laugh
Q1-2024 results showed marginal revenue growth and SBAC downgraded the AFFO estimates for 2024. The growth story is done, at least for 2024 and 2025. We analyze the numbers and tell you where the lowe...
SBA Communications Corporation to Speak at the MoffettNathanson 2024 Media and Communications Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Marc Montagner, Chief Financial Officer, is scheduled to speak at the MoffettNathanson 2024 Medi...
SBA Communications Corporation (SBAC) Q1 2024 Earnings Call Transcript
SBA Communications Corporation. (NASDAQ:SBAC) Q1 2024 Earnings Conference Call April 29, 2024 5:00 PM ET Company Participants Mark DeRussy - VP of Finance Marc Montagner - CFO Brendan Cavanagh - Pres...