Analysts Anticipate SBA Communications Co. (SBAC) Will Announce Earnings of $2.03 Per Share
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.
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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