SBA Communications Corporation (SBAC)

NASDAQ: SBAC · IEX Real-Time Price · USD
205.21
-2.57 (-1.24%)
Feb 27, 2024, 9:31 AM EST - Market open
-1.24%
Market Cap 22.42B
Revenue (ttm) 2.72B
Net Income (ttm) 495.56M
Shares Out 107.89M
EPS (ttm) 4.55
PE Ratio 45.67
Forward PE 35.96
Dividend $3.40 (1.66%)
Ex-Dividend Date Nov 15, 2023
Volume 54,075
Open 203.43
Previous Close 207.78
Day's Range 202.80 - 206.47
52-Week Range 185.23 - 267.42
Beta 0.57
Analysts Buy
Price Target 273.50 (+33.28%)
Earnings Date Feb 26, 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 in 16 markets throughout the Americas, Africa and the Philippines, 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]

Sector Real Estate
IPO Date Jun 16, 1999
Employees 1,834
Stock Exchange NASDAQ
Ticker Symbol SBAC
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for SBAC stock is "Buy." The 12-month stock price forecast is $273.5, which is an increase of 33.28% from the latest price.

Price Target
$273.5
(33.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

16 hours ago - Reuters

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...

17 hours ago - Business Wire

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...

4 days ago - Business Wire

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...

6 days ago - Business Wire

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.

Other symbols: PEAKEPRWPC
12 days ago - Benzinga

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...

22 days ago - Business Wire

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, ...

25 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

5 weeks ago - Business Wire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Business Wire

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 ...

7 months ago - GuruFocus

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...

7 months ago - Business Wire

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....

8 months ago - Business Wire

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 ...

10 months ago - Business Wire

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...

10 months ago - Business Wire

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...

10 months ago - Business Wire

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...

11 months ago - Business Wire

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 ...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire

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...

1 year ago - Business Wire