SBA Communications Corporation (NASDAQ:SBAC) – Research analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for shares of SBA Communications Corporation in a note issued to investors on Tuesday. SunTrust Banks analyst G. Miller now anticipates that the technology company will earn $1.02 per share for the year, up from their previous forecast of $0.88. SunTrust Banks also issued estimates for SBA Communications Corporation’s Q3 2018 earnings at $0.34 EPS and FY2018 earnings at $1.49 EPS.

A number of other equities research analysts have also commented on SBAC. Zacks Investment Research upgraded SBA Communications Corporation from a “hold” rating to a “strong-buy” rating and set a $155.00 target price on the stock in a research report on Wednesday, July 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $150.00 target price (up previously from $133.00) on shares of SBA Communications Corporation in a research report on Friday, July 14th. Jefferies Group LLC upped their target price on SBA Communications Corporation from $150.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up previously from $148.00) on shares of SBA Communications Corporation in a research report on Tuesday, August 1st. Finally, Barclays PLC restated an “overweight” rating and issued a $148.00 price objective on shares of SBA Communications Corporation in a research report on Tuesday, August 1st. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. SBA Communications Corporation presently has a consensus rating of “Buy” and an average 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 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $1.50. SBA Communications Corporation had a net margin of 5.95% and a negative return on equity of 4.71%. The company had revenue of $433.90 million for the quarter, compared to analysts’ expectations of $431.42 million. During the same quarter last year, the business earned ($0.12) EPS. The firm’s revenue was up 5.5% compared to the same quarter last year.

In other news, SVP Brian D. Lazarus sold 7,376 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $151.79, for a total transaction of $1,119,603.04. Following the completion of the transaction, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at approximately $2,660,119.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark R. Ciarfella sold 9,655 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $140.74, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Checchi Capital Advisers LLC acquired a new position in shares of SBA Communications Corporation during the 3rd quarter worth approximately $229,000. American Century Companies Inc. raised its stake in shares of SBA Communications Corporation by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 2,552,824 shares of the technology company’s stock worth $367,734,000 after buying an additional 322,085 shares during the period. State of Tennessee Treasury Department acquired a new position in shares of SBA Communications Corporation during the 3rd quarter worth approximately $5,795,000. State of Wisconsin Investment Board raised its stake in shares of SBA Communications Corporation by 6.8% during the 3rd quarter. State of Wisconsin Investment Board now owns 155,104 shares of the technology company’s stock worth $22,343,000 after buying an additional 9,814 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of SBA Communications Corporation by 2.0% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 20,045 shares of the technology company’s stock worth $2,887,000 after buying an additional 400 shares during the period. 92.54% of the stock is owned by institutional investors and hedge funds.

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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