SBA Communications (NASDAQ:SBAC) Announces Quarterly Earnings Results, Beats Estimates By $1.39 EPS

SBA Communications (NASDAQ:SBAC) posted its quarterly earnings data on Monday. The technology company reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $1.39, Zacks reports. SBA Communications had a net margin of 25.76% and a negative return on equity of 13.13%. SBA Communications updated its FY 2025 guidance to EPS.

SBA Communications Stock Down 0.1 %

NASDAQ:SBAC opened at $212.84 on Tuesday. The firm has a market cap of $22.89 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 0.74 and a beta of 0.69. SBA Communications has a 12 month low of $183.64 and a 12 month high of $252.64. The company’s 50-day moving average price is $202.63 and its two-hundred day moving average price is $220.38.

SBA Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $1.11 dividend. This is a positive change from SBA Communications’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a yield of 2.09%. SBA Communications’s payout ratio is 61.83%.

Insider Buying and Selling at SBA Communications

In other news, EVP Donald Day sold 2,321 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $203.43, for a total transaction of $472,161.03. Following the transaction, the executive vice president now directly owns 4,998 shares in the company, valued at approximately $1,016,743.14. This represents a 31.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark R. Ciarfella sold 3,545 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 33,588 shares in the company, valued at $7,534,796.04. The trade was a 9.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SBAC shares. Wells Fargo & Company dropped their price objective 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. Royal Bank of Canada restated an “outperform” rating and set a $255.00 price objective on shares of SBA Communications in a report on Monday. Citizens Jmp upgraded shares of SBA Communications to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities started coverage on shares of SBA Communications in a report on Monday, January 27th. They set an “outperform” rating and a $250.00 price objective on the stock. Finally, Barclays lowered their target price on shares of SBA Communications from $254.00 to $240.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SBA Communications has a consensus rating of “Moderate Buy” and an average target price of $252.00.

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.