SBA Communications Corporation (SBAC)
| Market Cap | 21.18B |
| Revenue (ttm) | 2.71B |
| Net Income (ttm) | 501.81M |
| Shares Out | 108.11M |
| EPS (ttm) | 4.61 |
| PE Ratio | 42.51 |
| Forward PE | 37.48 |
| Dividend | $3.92 (2.00%) |
| Ex-Dividend Date | Mar 13, 2024 |
| Volume | 577,324 |
| Open | 197.12 |
| Previous Close | 196.22 |
| Day's Range | 193.94 - 197.89 |
| 52-Week Range | 185.23 - 264.06 |
| Beta | 0.55 |
| Analysts | Strong Buy |
| Price Target | 268.64 (+37.1%) |
| Earnings Date | Apr 29, 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, SBAC'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 11 analysts, the average rating for SBAC stock is "Strong Buy." The 12-month stock price forecast is $268.64, which is an increase of 37.10% from the latest price.
News
SBA Communications Corporation Sets Date for First Quarter 2024 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, April 29, 2024 after market close....
SBA Communications Corporation to Speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom 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 32nd Annua...
SBA Communications forecasts weak annual revenue on sluggish demand
Wireless tower operator SBA Communications on Monday forecast full-year 2024 revenue below Wall Street estimates, on the likelihood of sluggish wireless carrier activity after an initial surge in 5G d...
SBA Communications Corporation Reports Fourth Quarter 2023 Results; Provides 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 December 31, 2023. Highlights of the fourth quart...
SBA Communications Corporation to Speak at 2024 Citi Global Property CEO 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 Citi's 2024 Glo...
SBA Communications Corporation to Speak at the Raymond James & Associates 45th Annual Institutional Investors 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 Raymond Ja...
Top 4 Real Estate Stocks You'll Regret Missing This Quarter - EPR Props (NYSE:EPR), Healthpeak Properties (NYSE:PEAK)
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
SBA Communications Corporation Sets Date for Fourth Quarter 2023 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Monday, February 26, 2024 after market cl...
SBA Communications Announces Executive Officer Retirement and Appointments
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” or the “Company”) today announced that long-term industry veteran, Jason Silberstein, Executive Vice President, ...
SBA Communications Completes $4.05 Billion Senior Secured Financing
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) ("SBA" or the "Company") announced today that its wholly owned subsidiary, SBA Senior Finance II LLC ("SBA Senior Fina...
SBA Communications Corporation Announces Tax Reporting Information for 2023 Distributions
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2023 distributions. Stockholders ar...
SBA Communications Corporation Reports Third Quarter 2023 Results; Updates Full Year 2023 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, 2023. Highlights of the third quart...
SBA Communications Corporation Sets Date for Third Quarter 2023 Earnings Release
BOCA RATON, Fla,--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its third quarter results on Thursday, November 2, 2023 after market cl...
SBA Communications Appoints Marc Montagner as Chief Financial Officer
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” or the “Company”) today announced that Marc Montagner, a telecommunications and finance executive with over 30 y...
SBA Communications Corporation to Speak at the Goldman Sachs 2023 Communacopia + Technology Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Goldman Sachs 2023 Commu...
SBA Communications Corp (SBAC): A Strong Contender in the REITs Industry with Good
SBA Communications Corp ( SBAC , Financial) is a leading player in the Real Estate Investment Trusts (REITs) industry. As of August 1, 2023, the company's stock price stands at $229.24, with a market ...
SBA Communications Corporation Reports Second Quarter 2023 Results; Updates Full Year 2023 Outlook; Declares Quarterly Cash Dividend; and Announces Newly Signed Master Lease Agreement with AT&T
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended June 30, 2023. Highlights of the second quarter i...
SBA Communications Corporation Sets Date for Second Quarter 2023 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 31, 2023 after market close....
SBA Communications Corporation to Speak at the JP Morgan 51st Annual Global Technology, Media and Communications Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A. Stoops, President and Chief Executive Officer is scheduled to speak at the JP Morgan ...
SBA Communications Corporation to Speak at the MoffettNathanson Inaugural Technology, Media and Telecom Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the MoffettNathanson Inaugur...
SBA Communications Corporation Reports First Quarter 2023 Results; Updates Full Year 2023 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 March 31, 2023. Highlights of the first quarter i...
SBA Communications Corporation Sets Date for First Quarter 2023 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its first quarter results on Monday, May 1, 2023 after market close. SB...
SBA Communications Corporation to Speak at 2023 Citi Global Property CEO Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Jeffrey A. Stoops, President and Chief Executive Officer is scheduled to speak at the 2023 Citi ...
SBA Communications Corporation to Speak at the Raymond James & Associates 44th Annual Institutional Investors Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at the Raymond James & Associat...
SBA Communications Corporation Announces CEO Succession Plan
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” or the “Company”), a leading global owner and operator of communications infrastructure, announced today that Je...