Wall Street brokerages expect SBA Communications Co. (NASDAQ:SBAC) to announce $2.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for SBA Communications’ earnings. The lowest EPS estimate is $1.98 and the highest is $2.07. SBA Communications posted earnings per share of $1.83 during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is expected to report its next quarterly earnings report on Monday, July 29th.

On average, analysts expect that SBA Communications will report full-year earnings of $8.33 per share for the current fiscal year, with EPS estimates ranging from $8.19 to $8.44. For the next year, analysts expect that the company will post earnings of $9.19 per share, with EPS estimates ranging from $8.88 to $9.52. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow SBA Communications.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($1.66). The business had revenue of $493.29 million during the quarter, compared to analyst estimates of $481.06 million. SBA Communications had a negative return on equity of 1.44% and a net margin of 2.20%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 EPS.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of SBA Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. BidaskClub raised shares of SBA Communications from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 9th. Raymond James lowered shares of SBA Communications from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 1st. They noted that the move was a valuation call. SunTrust Banks reaffirmed a “buy” rating and issued a $217.00 price objective on shares of SBA Communications in a research note on Thursday, April 11th. They noted that the move was a valuation call. Finally, KeyCorp raised their price objective on shares of SBA Communications from $195.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $195.56.

In other SBA Communications news, Director Brian C. Carr sold 700 shares of SBA Communications stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $206.50, for a total transaction of $144,550.00. Following the completion of the sale, the director now owns 2,590 shares of the company’s stock, valued at approximately $534,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brian D. Lazarus sold 20,561 shares of SBA Communications stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $187.51, for a total transaction of $3,855,393.11. Following the sale, the senior vice president now directly owns 36,525 shares of the company’s stock, valued at approximately $6,848,802.75. The disclosure for this sale can be found here. Insiders sold a total of 255,916 shares of company stock valued at $47,405,473 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Several large investors have recently modified their holdings of SBAC. Legacy Financial Advisors Inc. acquired a new stake in shares of SBA Communications during the 4th quarter valued at $25,000. Pinnacle Bank bought a new position in shares of SBA Communications during the 4th quarter worth about $25,000. Spectrum Management Group Inc. bought a new position in shares of SBA Communications during the 1st quarter worth about $27,000. Resources Investment Advisors Inc. bought a new position in shares of SBA Communications during the 4th quarter worth about $28,000. Finally, CWM LLC increased its holdings in shares of SBA Communications by 49.2% during the 4th quarter. CWM LLC now owns 185 shares of the technology company’s stock worth $30,000 after purchasing an additional 61 shares during the period. 94.57% of the stock is owned by institutional investors.

SBA Communications stock traded up $1.02 during mid-day trading on Tuesday, hitting $210.29. The company’s stock had a trading volume of 7,303 shares, compared to its average volume of 667,125. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. SBA Communications has a twelve month low of $146.13 and a twelve month high of $210.73.

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. The primary focus of the Company is the leasing of antenna space on its multi-tenant communication sites to a variety of wireless service providers under long-term lease contracts.

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

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