SBA Communications Corporation (NASDAQ:SBAC) – Equities researchers at Jefferies Group issued their FY2017 earnings estimates for shares of SBA Communications Corporation in a research report issued on Tuesday. Jefferies Group analyst S. Goldman expects that the technology company will post earnings per share of $0.91 for the year. Jefferies Group currently has a “Buy” rating and a $159.00 target price on the stock. Jefferies Group also issued estimates for SBA Communications Corporation’s Q4 2017 earnings at $0.12 EPS and FY2018 earnings at $1.33 EPS.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of SBA Communications Corporation in a research note on Wednesday, August 2nd. BidaskClub raised shares of SBA Communications Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $160.00 price target (up from $148.00) on shares of SBA Communications Corporation in a research note on Tuesday, August 1st. Cowen and Company reaffirmed a “buy” rating and issued a $147.00 price target on shares of SBA Communications Corporation in a research note on Tuesday, October 17th. Finally, UBS AG initiated coverage on shares of SBA Communications Corporation in a research note on Wednesday, October 18th. They issued a “buy” rating and a $176.00 price target for the company. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $149.67.

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SBA Communications Corporation (NASDAQ:SBAC) last released its earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $1.50. The firm had revenue of $433.90 million during the quarter, compared to analysts’ expectations of $431.42 million. SBA Communications Corporation had a negative return on equity of 4.71% and a net margin of 5.95%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS.

A number of institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. boosted its stake in SBA Communications Corporation by 18.8% in the second quarter. D.A. Davidson & CO. now owns 758 shares of the technology company’s stock valued at $102,000 after acquiring an additional 120 shares during the last quarter. Creative Planning boosted its stake in SBA Communications Corporation by 40.7% in the second quarter. Creative Planning now owns 874 shares of the technology company’s stock valued at $118,000 after acquiring an additional 253 shares during the last quarter. Acadian Asset Management LLC purchased a new position in SBA Communications Corporation in the second quarter valued at about $159,000. Advisor Group Inc. boosted its stake in SBA Communications Corporation by 9.7% in the second quarter. Advisor Group Inc. now owns 1,286 shares of the technology company’s stock valued at $172,000 after acquiring an additional 114 shares during the last quarter. Finally, 1ST Source Bank purchased a new position in SBA Communications Corporation in the second quarter valued at about $201,000. Institutional investors and hedge funds own 92.54% of the company’s stock.

In related news, SVP Brian D. Lazarus sold 7,376 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $151.79, for a total transaction of $1,119,603.04. Following the transaction, the senior vice president now directly owns 17,525 shares in the company, valued at $2,660,119.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark R. Ciarfella sold 9,655 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was 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 owns 21,403 shares in the company, valued at $3,012,258.22. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.

Earnings History and Estimates for SBA Communications Corporation (NASDAQ:SBAC)

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