Media stories about SBA Communications Corporation (NASDAQ:SBAC) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SBA Communications Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.1850095179836 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
SBAC has been the subject of several analyst reports. KeyCorp raised shares of SBA Communications Corporation from a “sector weight” rating to an “overweight” rating and set a $170.00 price target for the company in a report on Wednesday, September 27th. BidaskClub raised shares of SBA Communications Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. UBS AG initiated coverage on shares of SBA Communications Corporation in a report on Wednesday, October 18th. They set a “buy” rating and a $176.00 price target for the company. Jefferies Group LLC increased their price target on shares of SBA Communications Corporation from $150.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of SBA Communications Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Five equities 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 company. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.33.
SBA Communications Corporation (NASDAQ:SBAC) traded down $3.75 during mid-day trading on Tuesday, hitting $165.20. 1,945,400 shares of the stock traded hands, compared to its average volume of 1,213,825. The firm has a market capitalization of $19,420.00, a price-to-earnings ratio of 211.19 and a beta of 0.75. SBA Communications Corporation has a twelve month low of $95.66 and a twelve month high of $170.82. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of -3.63.
SBA Communications Corporation (NASDAQ:SBAC) last released its quarterly earnings results on Monday, October 30th. The technology company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.25 by $1.50. The business had revenue of $433.90 million for the quarter, compared to analyst estimates of $431.42 million. SBA Communications Corporation had a net margin of 5.95% and a negative return on equity of 4.71%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) earnings per share. sell-side analysts expect that SBA Communications Corporation will post 0.98 EPS for the current year.
In related news, SVP Brian D. Lazarus sold 7,376 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 17,525 shares in the company, valued at $2,660,119.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Krouse, Jr. sold 1,999 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $169.51, for a total transaction of $338,850.49. Following the sale, the director now owns 11,999 shares in the company, valued at approximately $2,033,950.49. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate 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.
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