Headlines about SBA Communications Corporation (NASDAQ:SBAC) have been trending somewhat positive this week, according to Alpha One Sentiment. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications Corporation earned a news sentiment score of 0.09 on Alpha One’s scale. Alpha One also gave headlines about the technology company an impact score of 42 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- American Tower Gains Growth Trajectory with Tenant Diversity (finance.yahoo.com)
- Cell Tower Stocks Downgraded; Possible Sprint, T-Mobile Merger Looms (finance.yahoo.com)
- SBA Communications Corporation (SBAC) Earns Outperform Rating from Raymond James Financial, Inc. (americanbankingnews.com)
- SBA Communications Corporation (SBAC) Rating Lowered to Outperform at Citigroup Inc. (americanbankingnews.com)
- Raymond James Cuts Rating On SBA Communications Corporation (SBAC) (fidaily.com)
SBAC has been the topic of several research reports. BidaskClub lowered SBA Communications Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC increased their target price on SBA Communications Corporation from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Stifel Nicolaus set a $148.00 target price on SBA Communications Corporation and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Guggenheim raised SBA Communications Corporation from a “neutral” rating to a “buy” rating and increased their target price for the stock from $118.00 to $137.00 in a research report on Monday, April 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $133.00 target price (up from $121.00) on shares of SBA Communications Corporation in a research report on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. SBA Communications Corporation has an average rating of “Buy” and a consensus target price of $135.29.
Shares of SBA Communications Corporation (NASDAQ:SBAC) traded up 0.63% during mid-day trading on Friday, reaching $133.05. The company had a trading volume of 964,691 shares. SBA Communications Corporation has a 52-week low of $95.66 and a 52-week high of $140.38. The company’s 50-day moving average is $132.43 and its 200 day moving average is $115.95. The stock has a market capitalization of $16.14 billion, a P/E ratio of 276.04 and a beta of 0.77.
SBA Communications Corporation (NASDAQ:SBAC) last released its earnings results on Monday, May 1st. The technology company reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $1.48. The firm had revenue of $423.40 million during the quarter, compared to analyst estimates of $418.21 million. SBA Communications Corporation had a net margin of 3.69% and a negative return on equity of 2.23%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Analysts anticipate that SBA Communications Corporation will post $1.04 EPS for the current fiscal year.
In other news, Director Brian C. Carr sold 3,475 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $132.54, for a total transaction of $460,576.50. Following the transaction, the director now owns 3,051 shares in the company, valued at approximately $404,379.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark R. Ciarfella sold 15,147 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $129.03, for a total transaction of $1,954,417.41. Following the transaction, the executive vice president now owns 14,677 shares in the company, valued at approximately $1,893,773.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,028 shares of company stock worth $22,956,475. Insiders own 2.10% of the company’s stock.
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SBA Communications Corporation Company Profile
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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