Equities research analysts expect SBA Communications Co. (NASDAQ:SBAC) to post sales of $437.52 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for SBA Communications’ earnings, with the lowest sales estimate coming in at $434.86 million and the highest estimate coming in at $444.19 million. SBA Communications posted sales of $416.51 million during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The business is scheduled to report its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that SBA Communications will report full year sales of $437.52 million for the current year. For the next year, analysts expect that the business will post sales of $1.84 billion per share, with estimates ranging from $1.83 billion to $1.86 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow SBA Communications.

SBA Communications (NASDAQ:SBAC) last released its quarterly earnings data on Monday, October 30th. The technology company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $1.50. SBA Communications 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 company earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis.

A number of analysts have weighed in on SBAC shares. KeyCorp raised shares of SBA Communications from a “sector weight” rating to an “overweight” rating and set a $170.00 price objective on the stock in a report on Wednesday, September 27th. Royal Bank of Canada reissued a “buy” rating and set a $200.00 price objective on shares of SBA Communications in a report on Thursday, November 30th. UBS Group started coverage on shares of SBA Communications in a report on Wednesday, October 18th. They set a “buy” rating and a $176.00 price objective on the stock. Zacks Investment Research raised shares of SBA Communications from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Finally, BidaskClub cut shares of SBA Communications from a “hold” rating to a “sell” rating in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $160.43.

In other news, Director George R. Krouse, Jr. sold 1,999 shares of SBA Communications stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $169.51, for a total value of $338,850.49. Following the transaction, the director now directly owns 11,999 shares of the company’s stock, valued at approximately $2,033,950.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its position in SBA Communications by 9.5% in the 2nd quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after buying an additional 129 shares during the last quarter. State Treasurer State of Michigan purchased a new position in SBA Communications in the 3rd quarter valued at $5,258,000. Oakbrook Investments LLC purchased a new position in SBA Communications in the 3rd quarter valued at $828,000. Delta Lloyd Asset Management N.V. purchased a new position in SBA Communications in the 2nd quarter valued at $3,475,000. Finally, Atlantic Trust Group LLC grew its position in SBA Communications by 7.7% in the 2nd quarter. Atlantic Trust Group LLC now owns 134,404 shares of the technology company’s stock valued at $18,131,000 after buying an additional 9,661 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

Shares of SBA Communications (SBAC) opened at $163.36 on Monday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of -3.63. SBA Communications has a 1-year low of $102.06 and a 1-year high of $173.97. The firm has a market cap of $19,201.66, a P/E ratio of 194.48 and a beta of 0.77.

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

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