SBA Communications (NASDAQ:SBAC) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

SBA Communications (NASDAQ:SBAC) issued its earnings results on Monday. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.21 by $0.09, Zacks reports. SBA Communications had a negative return on equity of 16.83% and a net margin of 31.19%.The business’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.32 earnings per share. SBA Communications updated its FY 2025 guidance to EPS.

SBA Communications Stock Performance

SBAC traded up $2.04 during midday trading on Monday, hitting $193.52. The company had a trading volume of 1,835,919 shares, compared to its average volume of 963,761. SBA Communications has a twelve month low of $185.45 and a twelve month high of $245.16. The firm’s 50-day simple moving average is $196.71 and its 200-day simple moving average is $218.17. The company has a market capitalization of $20.78 billion, a PE ratio of 24.59, a P/E/G ratio of 2.01 and a beta of 0.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its stake in shares of SBA Communications by 272.8% in the 1st quarter. Jones Financial Companies Lllp now owns 753 shares of the technology company’s stock valued at $166,000 after buying an additional 551 shares during the period. Empowered Funds LLC boosted its holdings in SBA Communications by 12.6% in the first quarter. Empowered Funds LLC now owns 2,041 shares of the technology company’s stock valued at $449,000 after acquiring an additional 229 shares during the last quarter. Focus Partners Wealth increased its position in SBA Communications by 9.0% in the first quarter. Focus Partners Wealth now owns 3,236 shares of the technology company’s stock worth $712,000 after purchasing an additional 266 shares during the period. Geneos Wealth Management Inc. increased its position in SBA Communications by 105.0% in the first quarter. Geneos Wealth Management Inc. now owns 164 shares of the technology company’s stock worth $36,000 after purchasing an additional 84 shares during the period. Finally, First Trust Advisors LP raised its holdings in SBA Communications by 11.3% during the 2nd quarter. First Trust Advisors LP now owns 94,692 shares of the technology company’s stock worth $22,238,000 after purchasing an additional 9,617 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Analyst Upgrades and Downgrades

SBAC has been the subject of several recent analyst reports. UBS Group dropped their price objective on SBA Communications from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Barclays dropped their target price on shares of SBA Communications from $257.00 to $226.00 and set an “overweight” rating for the company in a research report on Monday, September 15th. The Goldman Sachs Group cut their price target on shares of SBA Communications from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Bank of America cut shares of SBA Communications from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $260.00 to $230.00 in a research note on Wednesday, August 27th. Finally, JMP Securities set a $280.00 target price on shares of SBA Communications and gave the company a “market outperform” rating in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $241.07.

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.