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Tuesday, March 21, 2023

Analysts Point To SBA Communications Corporation (NASDAQ: SBAC) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for SBA Communications Corporation (SBAC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $256.35. The SBA Communications Corporation has recorded 58,921 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted SBA Communications Corporation to Speak at 2023 Citi Global Property CEO Conference.

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Stocks Info

As a NASDAQ listed company, SBAC falls under the Real Estate sector while operating within the REIT – Specialty industry segment. At the end of the last regular session, the stock closed at $256.35 and fluctuated between $258.14 as its day high and $245.06 as its day low. The current market capitalization of SBA Communications Corporation is $28.12B. A total of 1.34 million shares were traded on the day, compared to an average of 788.75K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SBAC has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 638 and the disposition of 325 shares. Over the last 12 months, there were 30 BUYs and 20 SELLs from insiders. Insiders purchased 40,776 shares during that period but sold 154,145.

In the most recent transaction, Ciarfella Mark R sold 8,213 shares of SBAC for 355.50 per share on Aug 15. After the transaction, the EVP – Operations now owns 23,884 company shares. In a previous transaction on Aug 10, SILBERSTEIN JASON V sold 16,464 shares at 350.38 per share. SBAC shares that EVP – Site Leasing owns now total 21,785.

Among the insiders who sold shares, STOOPS JEFFREY disposed of 66,001 shares on Aug 09 at a per-share price of $345.56. This resulted in the Chief Executive Officer & Pres holding 255,457 shares of SBAC after the transaction. In another insider transaction, STOOPS JEFFREY sold 22,563 shares at $345.09 per share on Aug 08. Company shares held by the Chief Executive Officer & Pres now total 321,458.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. SBA Communications Corporation pays an annual dividend of $3.40, resulting in a dividend yield of 1.33%, and it has a price to earnings (P/E) ratio of 60.79. SBAC’s most recent ex-dividend date was 3/9/2023 when it declared a $0.85 quarterly dividend that was paid in cash on 3/24/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/16/2022. The SBAC stock dividend was $0.71 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SBAC in the last 3 months, the mean price target is $325.31 with high estimates of $352.00 and low estimates of $295.00. In terms of 52-week highs and lows, SBAC has a high of $379.99 and a low of $236.20.

As of this writing, SBAC has an earnings estimate of $1.09 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.23 per share and a lower estimate of $0.91. The company reported an EPS of $0.64 in the last quarter, which was -28.90% lower than expectations of $0.9.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBAC is Underweight with a score of 4.47. A total of 12 analysts rated the stock as Buy while 1 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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