News articles about SBA Communications Corporation (NASDAQ:SBAC) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SBA Communications Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.2746602210992 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- See what the IHS Markit Score report has to say about SBA Communications Corp. (finance.yahoo.com)
- George R. Krouse, Jr. Sells 1,643 Shares of SBA Communications Corporation (SBAC) Stock (americanbankingnews.com)
- SBA Communications Corporation (SBAC) EVP Sells $1,358,844.70 in Stock (americanbankingnews.com)
- SBA Communications Corporation (NASDAQ:SBAC) Expected to Announce Quarterly Sales of $431.69 Million (americanbankingnews.com)
A number of equities research analysts recently weighed in on SBAC shares. Barclays PLC upped their price target on SBA Communications Corporation from $118.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and issued a $133.00 price target (up previously from $121.00) on shares of SBA Communications Corporation in a report on Saturday, April 22nd. Citigroup Inc. upped their price target on SBA Communications Corporation from $124.00 to $134.00 and gave the stock a “neutral” rating in a report on Tuesday, April 25th. Stifel Nicolaus set a $148.00 price target on SBA Communications Corporation and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) upped their price target on SBA Communications Corporation from $121.00 to $131.00 and gave the stock a “neutral” rating in a report on Tuesday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $141.57.
Shares of SBA Communications Corporation (NASDAQ:SBAC) traded down 0.54% on Friday, hitting $138.27. The company’s stock had a trading volume of 733,781 shares. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 475.15 and a beta of 0.73. SBA Communications Corporation has a 52 week low of $95.66 and a 52 week high of $141.59. The stock’s 50 day moving average is $136.32 and its 200-day moving average is $125.22.
SBA Communications Corporation (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, July 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $427.30 million during the quarter, compared to analyst estimates of $426.10 million. SBA Communications Corporation had a negative return on equity of 2.64% and a net margin of 2.19%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. On average, equities research analysts anticipate that SBA Communications Corporation will post $0.97 earnings per share for the current year.
In other SBA Communications Corporation news, EVP Jason V. Silberstein sold 48,930 shares of SBA Communications Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $136.32, for a total transaction of $6,670,137.60. Following the transaction, the executive vice president now directly owns 24,231 shares in the company, valued at approximately $3,303,169.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey Stoops sold 94,289 shares of SBA Communications Corporation stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $133.76, for a total transaction of $12,612,096.64. Following the transaction, the chief executive officer now owns 329,124 shares in the company, valued at $44,023,626.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,179 shares of company stock worth $22,588,671. Corporate insiders own 2.10% of the company’s stock.
About SBA Communications Corporation
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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