Equities analysts forecast that SBA Communications Co. (NASDAQ:SBAC) will announce sales of $460.23 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for SBA Communications’ earnings. The highest sales estimate is $463.00 million and the lowest is $457.50 million. SBA Communications reported sales of $433.95 million during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is expected to announce its next earnings results on Monday, October 29th.

According to Zacks, analysts expect that SBA Communications will report full year sales of $1.84 billion for the current fiscal year. For the next fiscal year, analysts forecast that the business will report sales of $1.97 billion per share, with estimates ranging from $1.94 billion to $2.00 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover SBA Communications.

SBA Communications (NASDAQ:SBAC) last announced its earnings results on Monday, July 30th. The technology company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.68). The business had revenue of $456.30 million for the quarter, compared to analysts’ expectations of $457.43 million. SBA Communications had a negative return on equity of 1.26% and a net margin of 1.73%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share.

SBAC has been the topic of several research analyst reports. BidaskClub downgraded SBA Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 11th. ValuEngine downgraded SBA Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Zacks Investment Research upgraded SBA Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Deutsche Bank boosted their price target on SBA Communications from $170.00 to $183.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley dropped their price target on SBA Communications from $182.00 to $180.00 and set an “overweight” rating on the stock in a research note on Thursday, May 31st. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. SBA Communications currently has an average rating of “Buy” and a consensus target price of $179.55.

SBA Communications stock opened at $159.66 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of -3.18. SBA Communications has a fifty-two week low of $140.62 and a fifty-two week high of $177.67.

In other news, EVP Mark R. Ciarfella sold 26,267 shares of the company’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $160.01, for a total value of $4,202,982.67. Following the sale, the executive vice president now owns 17,529 shares in the company, valued at $2,804,815.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Stoops sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $154.16, for a total value of $6,166,400.00. Following the completion of the sale, the chief executive officer now owns 268,756 shares in the company, valued at approximately $41,431,424.96. The disclosure for this sale can be found here. Insiders sold 249,945 shares of company stock worth $40,678,663 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of SBA Communications by 2.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 16,213 shares of the technology company’s stock worth $2,771,000 after buying an additional 321 shares during the last quarter. Atria Investments LLC boosted its stake in shares of SBA Communications by 8.8% in the second quarter. Atria Investments LLC now owns 4,210 shares of the technology company’s stock worth $695,000 after buying an additional 340 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of SBA Communications by 12.2% in the first quarter. Suntrust Banks Inc. now owns 3,537 shares of the technology company’s stock worth $603,000 after buying an additional 384 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of SBA Communications by 0.4% in the second quarter. TD Asset Management Inc. now owns 100,820 shares of the technology company’s stock worth $16,647,000 after buying an additional 391 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in SBA Communications by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,644 shares of the technology company’s stock worth $2,254,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

SBA Communications Company Profile

SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America. By "Building Better Wireless," SBA generates revenue from two primary businesses ? site leasing and site development services.

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Earnings History and Estimates for SBA Communications (NASDAQ:SBAC)

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