SBA Communications Corporation (SBAC)
| Market Cap | 27.70B |
| Revenue (ttm) | 2.63B |
| Net Income (ttm) | 461.43M |
| Shares Out | 108.04M |
| EPS (ttm) | 4.22 |
| PE Ratio | 60.76 |
| Forward PE | 53.76 |
| Dividend | $2.98 (1.16%) |
| Ex-Dividend Date | Mar 9, 2023 |
| Volume | 617,910 |
| Open | 244.90 |
| Previous Close | 246.90 |
| Day's Range | 243.31 - 256.55 |
| 52-Week Range | 236.20 - 379.99 |
| Beta | 0.49 |
| Analysts | Buy |
| Price Target | 333.41 (+30.03%) |
| Earnings Date | Apr 24, 2023 |
About SBAC
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. [Read more]
Financial Performance
In 2022, SBAC's revenue was $2.63 billion, an increase of 14.06% compared to the previous year's $2.31 billion. Earnings were $461.43 million, an increase of 94.18%.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for SBAC stock is "Buy." The 12-month stock price forecast is $333.41, which is an increase of 30.03% from the latest price.
News
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 (SBAC) Q4 AFFO Misses Estimates, Stock Down
Improvement in revenues on the back of steady site additions to its portfolio support SBA Communications' (SBAC) Q4 AFFO.
SBA Communications (SBAC) Q4 FFO Lag Estimates
SBA Communications (SBAC) delivered FFO and revenue surprises of -0.64% and 0.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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...
SBA Communications Corporation Reports Fourth Quarter 2022 Results; Provides 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 December 31, 2022. Highlights of the fourth quart...
Key Factors to Impact SBA Communications (SBAC) in Q4 Earnings
High demand for SBA Communications' (SBAC) wireless infrastructure assets amid 5G deployment efforts by carriers is likely to have aided its Q4 earnings. Rising interest costs might have been a woe.
SBA Communications Corporation to Speak at The 31st Annual Deutsche Bank Media, Internet and Telecom 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 31st Annua...
SBA Communications Corporation Sets Date for Fourth Quarter 2022 Earnings Release
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA” and “Company”) announced it will release its fourth quarter results on Tuesday, February 21, 2023 after market...
SBA Communications Corporation Announces Tax Reporting Information for 2022 Distributions
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today announced year-end tax reporting information for its 2022 distributions. Stockholders ...
SBA Communications Corporation to Speak at Citi's 2023 Communications, Media & Entertainment Conference
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, Chief Financial Officer, is scheduled to speak at Citi's 2023 Communications...
Is it Wise to Retain SBA Communications (SBAC) Stock for Now?
SBA Communications' (SBAC) is expected to gain from the rising global demand for wireless connectivity and its asset buyouts. High customer concentration and rising interest rates are key woes.
Cell Tower REITs Are Finally on Sale
When the latest bull market began cooling off amid a declining economy, soaring inflation and rising interest rates, many value investors started looking for bargains.
SBA Communications' (SBAC) Q3 FFO & Revenues Beat, View Up
SBA Communications (SBAC) reports better-than-anticipated Q3 results. An increase in site-leasing and site-development revenues aids the top line.
SBA Communications (SBAC) Surpasses Q3 FFO and Revenue Estimates
SBA Communications (SBAC) delivered FFO and revenue surprises of 1.97% and 3.49%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
SBA Communications Corporation Reports Third Quarter 2022 Results; Updates Full Year 2022 Outlook; and Declares Quarterly Cash Dividend
BOCA RATON, Fla.
What Awaits SBA Communications (SBAC) This Earnings Season?
High demand for SBA Communications' (SBAC) towers amid an increase in wireless network carrier and service providers' leasing activity to meet customer demand is likely to have aided its Q3 earnings.
SBA Communications Corporation Sets Date for Third Quarter 2022 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 31, 2022 after market clos...
Tower REITs Seek Expansion Opportunities on Solid Demand
Tower REITs like American Tower (AMT), SBA Communications (SBAC) and Crown Castle Inc. (CCI) are set to gain from portfolio expansion efforts amid an increase in tower leasing demand.
Here's Why SBA Communications (SBAC) is an Apt Portfolio Pick
Demand for SBA Communications' (SBAC) towers is likely to increase as wireless service providers seek to lease more antenna space to meet the rising consumer demand amid data-volume growth.
Here is Why Growth Investors Should Buy SBA Communications (SBAC) Now
SBA Communications (SBAC) could produce exceptional returns because of its solid growth attributes.
Looking for a Growth Stock? 3 Reasons Why SBA Communications (SBAC) is a Solid Choice
SBA Communications (SBAC) possesses solid growth attributes, which could help it handily outperform the market.
SBA Communications Corporation to Speak at the Goldman Sachs 2022 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 2022 Commu...
3 Reasons Why SBA Communications (SBAC) Is a Great Growth Stock
SBA Communications (SBAC) could produce exceptional returns because of its solid growth attributes.