SBA Communications Corporation (NASDAQ:SBAC – Free Report) – KeyCorp issued their FY2026 earnings per share (EPS) estimates for shares of SBA Communications in a report issued on Monday, November 2nd. KeyCorp analyst B. Nispel expects that the technology company will post earnings of $11.50 per share for the year. The consensus estimate for SBA Communications’ current full-year earnings is $11.45 per share. KeyCorp also issued estimates for SBA Communications’ Q4 2026 earnings at $2.81 EPS and FY2027 earnings at $11.25 EPS.
SBA Communications (NASDAQ:SBAC – Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $2.19 EPS for the quarter, topping the consensus estimate of $2.09 by $0.10. SBA Communications had a negative return on equity of 20.67% and a net margin of 34.54%. The company had revenue of $713.92 million during the quarter, compared to analyst estimates of $724.07 million. During the same period in the previous year, the business earned $3.30 EPS. SBA Communications’s quarterly revenue was down 2.5% on a year-over-year basis.
Several other analysts have also recently commented on the company. Truist Financial dropped their price target on SBA Communications from $238.00 to $235.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Weiss Ratings raised shares of SBA Communications from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 15th. Morgan Stanley lowered their target price on shares of SBA Communications from $215.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Monday, September 21st. Sanford C. Bernstein dropped their target price on shares of SBA Communications from $219.00 to $208.00 and set a “market perform” rating for the company in a report on Tuesday, October 20th. Finally, UBS Group cut shares of SBA Communications from a “market perform” rating to a “hold” rating in a research report on Monday, August 24th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $224.64.
SBA Communications Price Performance
NASDAQ SBAC opened at $191.43 on Wednesday. The stock’s 50 day simple moving average is $179.82 and its 200-day simple moving average is $190.05. The company has a market cap of $20.31 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. SBA Communications has a 1-year low of $156.60 and a 1-year high of $224.46.
Institutional Trading of SBA Communications
Several large investors have recently added to or reduced their stakes in SBAC. Private Wealth Asset Management LLC purchased a new position in shares of SBA Communications during the 3rd quarter worth $406,000. Westpac Banking Corp increased its position in SBA Communications by 6.8% during the third quarter. Westpac Banking Corp now owns 5,359 shares of the technology company’s stock worth $858,000 after purchasing an additional 340 shares during the last quarter. Private Advisor Group LLC acquired a new stake in SBA Communications during the third quarter worth about $208,000. Ieq Capital LLC increased its position in SBA Communications by 73.2% during the third quarter. Ieq Capital LLC now owns 56,603 shares of the technology company’s stock worth $9,063,000 after purchasing an additional 23,931 shares during the last quarter. Finally, Focus Advisor Solutions LLC raised its stake in SBA Communications by 276.2% during the third quarter. Focus Advisor Solutions LLC now owns 14,032 shares of the technology company’s stock worth $2,247,000 after purchasing an additional 10,302 shares during the period. 97.35% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at SBA Communications
In related news, Director George R. Krouse, Jr. sold 300 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $182.67, for a total value of $54,801.00. Following the completion of the sale, the director owned 8,512 shares of the company’s stock, valued at approximately $1,554,887.04. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.50% of the company’s stock.
SBA Communications Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 12th will be given a $1.25 dividend. The ex-dividend date is Thursday, November 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. SBA Communications’s dividend payout ratio is 53.94%.
About SBA Communications
SBA Communications is a real estate investment trust that owns and operates wireless communications infrastructure. Its primary business is leasing space on its communications towers and other sites to wireless carriers and other customers that need to install network equipment. The company also provides site development services, including helping customers identify, acquire, construct and manage locations for wireless infrastructure. Founded in 1989, SBA serves customers in the United States and several international markets, including countries in Central and South America and Africa.
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