Analysts expect that SBA Communications Co. (NASDAQ:SBAC) will post $1.91 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for SBA Communications’ earnings, with the lowest EPS estimate coming in at $1.90 and the highest estimate coming in at $1.94. The company is scheduled to announce its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that SBA Communications will report full year earnings of $7.51 per share for the current year, with EPS estimates ranging from $7.49 to $7.54. For the next year, analysts anticipate that the company will post earnings of $8.39 per share, with EPS estimates ranging from $8.23 to $8.60. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover SBA Communications.

SBA Communications (NASDAQ:SBAC) last announced its quarterly earnings data on Monday, November 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($1.64). SBA Communications had a negative return on equity of 0.65% and a negative net margin of 0.11%. The firm had revenue of $467.20 million for the quarter, compared to the consensus estimate of $459.17 million. During the same quarter last year, the business earned $1.75 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year.

Several brokerages recently issued reports on SBAC. BidaskClub upgraded SBA Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 15th. Zacks Investment Research upgraded SBA Communications from a “hold” rating to a “buy” rating and set a $192.00 target price on the stock in a research note on Thursday, November 15th. Bank of America set a $189.00 target price on SBA Communications and gave the company a “buy” rating in a research note on Thursday, November 15th. Citigroup raised their target price on SBA Communications from $187.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, November 6th. Finally, ValuEngine cut SBA Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $180.90.

Shares of SBAC opened at $171.51 on Tuesday. SBA Communications has a 12-month low of $146.13 and a 12-month high of $177.67.

In other news, Director Duncan Cocroft sold 12,543 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $171.85, for a total transaction of $2,155,514.55. Following the transaction, the director now directly owns 75,742 shares of the company’s stock, valued at $13,016,262.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey Stoops sold 40,000 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $160.05, for a total value of $6,402,000.00. Following the transaction, the chief executive officer now directly owns 252,180 shares in the company, valued at $40,361,409. The disclosure for this sale can be found here. Insiders have sold 529,017 shares of company stock worth $90,372,570 over the last three months. Corporate insiders own 2.70% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of SBA Communications during the second quarter valued at $115,000. Virtus Alternative Investment Advisers Inc. acquired a new position in shares of SBA Communications during the third quarter valued at $128,000. Quantbot Technologies LP acquired a new position in shares of SBA Communications during the third quarter valued at $179,000. Cornerstone Wealth Management LLC acquired a new position in shares of SBA Communications during the second quarter valued at $193,000. Finally, HRT Financial LLC acquired a new position in shares of SBA Communications during the second quarter valued at $201,000. 94.25% of the stock is currently owned by institutional investors.

SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By "Building Better Wireless," SBA generates revenue from two primary businesses – site leasing and site development services.

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

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