SBA Communications (SBAC) Expected to Announce Earnings on Monday

SBA Communications (NASDAQ:SBAC) is anticipated to post its quarterly earnings results 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 registering for the company’s earnings conference call can do so using this link.

SBA Communications Stock Down 1.3 %

Shares of NASDAQ:SBAC opened at $205.37 on Monday. SBA Communications has a fifty-two week low of $183.64 and a fifty-two week high of $252.64. The company has a market cap of $22.08 billion, a PE ratio of 32.39, a P/E/G ratio of 0.73 and a beta of 0.69. The company’s 50-day moving average price is $203.51 and its 200 day moving average price is $220.90.

Insiders Place Their Bets

In other news, EVP Donald Day sold 2,321 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $203.43, for a total value of $472,161.03. Following the completion of the sale, the executive vice president now directly owns 4,998 shares in the company, valued at approximately $1,016,743.14. The trade was a 31.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark R. Ciarfella sold 3,545 shares of SBA Communications stock in a transaction 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 completion of the transaction, the executive vice president now owns 33,588 shares in the company, valued at $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 Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays decreased their price objective on SBA Communications from $257.00 to $254.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Raymond James raised their target price on shares of SBA Communications from $285.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Tuesday, October 29th. StockNews.com raised SBA Communications from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of SBA Communications from $230.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, January 23rd. Finally, TD Cowen raised their price objective on SBA Communications from $251.00 to $261.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.29.

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.