News headlines about SBA Communications (NASDAQ:SBAC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.7995167942461 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- SBA Communications Co. (SBAC) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- $453.24 Million in Sales Expected for SBA Communications Co. (SBAC) This Quarter (americanbankingnews.com)
- SBA Tower Trust — Moody’s assigns definitive ratings to SBA Tower Trust wireless tower-backed securities (finance.yahoo.com)
- Technical Secrets – SBA Communications Corporation (NASDAQ: SBAC) – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Anticipate SBA Communications Co. (SBAC) Will Announce Earnings of $0.22 Per Share (americanbankingnews.com)
A number of brokerages recently issued reports on SBAC. BidaskClub upgraded shares of SBA Communications from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. KeyCorp set a $188.00 target price on shares of SBA Communications and gave the company a “buy” rating in a research report on Tuesday, February 27th. Deutsche Bank increased their target price on shares of SBA Communications from $164.00 to $170.00 and gave the company a “hold” rating in a research report on Tuesday, February 27th. Wells Fargo & Co reiterated a “market perform” rating and issued a $170.00 target price (up previously from $150.00) on shares of SBA Communications in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $200.00 target price on shares of SBA Communications in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. SBA Communications currently has an average rating of “Buy” and an average price target of $173.07.
SBA Communications (NASDAQ:SBAC) traded up $2.28 during trading hours on Friday, hitting $166.49. 1,120,928 shares of the stock traded hands, compared to its average volume of 1,283,424. SBA Communications has a one year low of $115.19 and a one year high of $177.67. The company has a debt-to-equity ratio of -3.57, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $19,387.10, a price-to-earnings ratio of 168.17, a price-to-earnings-growth ratio of 16.01 and a beta of 0.92.
SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $1.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $1.60. SBA Communications had a net margin of 6.00% and a negative return on equity of 5.43%. The company had revenue of $443.10 million during the quarter, compared to analyst estimates of $437.01 million. During the same quarter last year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. equities analysts forecast that SBA Communications will post 1.04 earnings per share for the current year.
SBA Communications declared that its board has authorized a stock buyback plan on Monday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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About SBA Communications
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.
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