SBA Communications (SBAC) to Release Quarterly Earnings on Monday

SBA Communications (NASDAQ:SBAC) is projected to release its earnings data after the market closes on Monday, February 24th. Analysts expect SBA Communications to post earnings of $2.08 per share and revenue of $682.75 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SBA Communications Trading Up 1.4 %

SBAC stock opened at $213.00 on Friday. The stock has a market capitalization of $22.90 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.69. SBA Communications has a 12 month low of $183.64 and a 12 month high of $252.64. The firm has a 50-day moving average price of $202.62 and a 200-day moving average price of $220.37.

Insider Buying and Selling at SBA Communications

In other news, EVP Donald Day sold 2,321 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total transaction of $472,161.03. Following the completion of the sale, the executive vice president now owns 4,998 shares of the company’s stock, valued at $1,016,743.14. This trade represents a 31.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark R. Ciarfella sold 3,545 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $224.33, for a total transaction of $795,249.85. Following the sale, the executive vice president now directly owns 33,588 shares of the company’s stock, valued at approximately $7,534,796.04. This trade represents a 9.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SBAC has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of SBA Communications from $230.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, January 23rd. JMP Securities initiated coverage on shares of SBA Communications in a report on Monday, January 27th. They issued an “outperform” rating and a $250.00 target price for the company. Citizens Jmp raised shares of SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. StockNews.com lowered shares of SBA Communications from a “buy” rating to a “hold” rating in a report on Thursday. Finally, TD Cowen raised their price objective on shares of SBA Communications from $251.00 to $261.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.29.

About SBA Communications

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 throughout the Americas, Africa and in Asia, SBA is listed on NASDAQ under the symbol SBAC.