SBA Communications Corporation (NASDAQ:SBAC) – Analysts at SunTrust Banks dropped their Q4 2017 EPS estimates for shares of SBA Communications Corporation in a report released on Tuesday. SunTrust Banks analyst G. Miller now expects that the technology company will post earnings per share of $0.23 for the quarter, down from their prior estimate of $0.26. SunTrust Banks also issued estimates for SBA Communications Corporation’s Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.44 EPS.

A number of other analysts also recently commented on the stock. UBS AG assumed coverage on shares of SBA Communications Corporation in a report on Wednesday, October 18th. They set a “buy” rating and a $176.00 price objective on the stock. Cowen and Company restated a “buy” rating and set a $147.00 target price on shares of SBA Communications Corporation in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of SBA Communications Corporation from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. KeyCorp upgraded shares of SBA Communications Corporation from a “sector weight” rating to an “overweight” rating and set a $170.00 target price for the company in a research report on Wednesday, September 27th. Finally, Citigroup Inc. lifted their target price on shares of SBA Communications Corporation from $140.00 to $168.00 and gave the stock a “neutral” rating in a research report on Monday, August 28th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $149.67.

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SBA Communications Corporation (NASDAQ SBAC) traded down 1.91% on Wednesday, hitting $154.17. 637,810 shares of the company traded hands. SBA Communications Corporation has a 12 month low of $95.66 and a 12 month high of $159.14. The stock’s 50-day moving average is $147.36 and its 200 day moving average is $139.04. The stock has a market cap of $18.56 billion, a PE ratio of 529.79 and a beta of 0.69.

SBA Communications Corporation (NASDAQ:SBAC) last released its quarterly earnings results on Monday, October 30th. The technology company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $0.25 by $1.50. SBA Communications Corporation had a net margin of 5.95% and a negative return on equity of 4.89%. The firm had revenue of $433.90 million during the quarter, compared to the consensus estimate of $431.42 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis.

In other news, Director George R. Krouse, Jr. sold 1,643 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $138.63, for a total value of $227,769.09. Following the completion of the sale, the director now directly owns 11,643 shares of the company’s stock, valued at $1,614,069.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brian D. Lazarus sold 7,376 shares of the 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 sale, the senior vice president now directly owns 17,525 shares of the company’s stock, valued at $2,660,119.75. The disclosure for this sale can be found here. Insiders sold a total of 18,674 shares of company stock valued at $2,706,217 in the last quarter. 2.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tealwood Asset Management Inc. raised its position in SBA Communications Corporation by 0.3% during the second quarter. Tealwood Asset Management Inc. now owns 12,115 shares of the technology company’s stock valued at $1,634,000 after acquiring an additional 35 shares in the last quarter. Cadence Capital Management LLC raised its position in shares of SBA Communications Corporation by 0.8% in the second quarter. Cadence Capital Management LLC now owns 4,860 shares of the technology company’s stock valued at $656,000 after purchasing an additional 40 shares during the period. Advisor Group Inc. raised its position in shares of 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 purchasing an additional 114 shares during the period. D.A. Davidson & CO. raised its position in shares of 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 purchasing an additional 120 shares during the period. Finally, Toronto Dominion Bank raised its position in shares of SBA Communications Corporation by 9.5% in the second quarter. Toronto Dominion Bank now owns 1,487 shares of the technology company’s stock valued at $201,000 after purchasing an additional 129 shares during the period. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

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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