SBA Communications Corporation (SBAC) to Release Earnings on Monday
SBA Communications Corporation (NASDAQ:SBAC) is scheduled to release its earnings data after the market closes on Monday, October 30th. Analysts expect SBA Communications Corporation to post earnings of $0.24 per share for the quarter. SBA Communications Corporation has set its FY17 guidance at $6.75-7.04 EPS.
SBA Communications Corporation (NASDAQ:SBAC) last announced its earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. The business had revenue of $427.30 million for the quarter, compared to the consensus estimate of $426.10 million. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, analysts expect SBA Communications Corporation to post $0.91 EPS for the current fiscal year and $1.52 EPS for the next fiscal year.
Shares of SBA Communications Corporation (SBAC) traded down 0.06% during trading on Monday, hitting $147.80. The stock had a trading volume of 207,120 shares. SBA Communications Corporation has a 52 week low of $95.66 and a 52 week high of $154.71. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 507.90 and a beta of 0.69. The stock’s 50 day moving average is $147.55 and its 200 day moving average is $137.54.
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In other news, EVP Mark R. Ciarfella sold 9,655 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $140.74, for a total transaction of $1,358,844.70. Following the transaction, the executive vice president now directly owns 21,403 shares of the company’s stock, valued at $3,012,258.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Krouse, Jr. sold 1,643 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $138.63, for a total transaction of $227,769.09. Following the transaction, the director now directly owns 11,643 shares in the company, valued at $1,614,069.09. The disclosure for this sale can be found here. Insiders have sold 18,674 shares of company stock worth $2,706,217 over the last ninety days. Insiders own 2.10% of the company’s stock.
Several research analysts have recently commented on the company. Citigroup Inc. boosted their target price on SBA Communications Corporation from $140.00 to $168.00 and gave the stock a “neutral” rating in a report on Monday, August 28th. Zacks Investment Research raised SBA Communications Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Cowen and Company reissued a “buy” rating and issued a $147.00 target price on shares of SBA Communications Corporation in a report on Tuesday, October 17th. UBS AG assumed coverage on SBA Communications Corporation in a report on Wednesday, October 18th. They issued a “buy” rating and a $176.00 target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $159.00 target price (up from $147.00) on shares of SBA Communications Corporation in a report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. SBA Communications Corporation currently has a consensus rating of “Buy” and a consensus target price of $149.67.
SBA Communications Corporation Company Profile
SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.
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