SBA Communications (NASDAQ:SBAC) announced its quarterly earnings data on Sunday. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.42, MarketWatch Earnings reports. The firm had revenue of $536.00 million during the quarter, compared to analysts’ expectations of $530.25 million. During the same period in the prior year, the company posted $0.55 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year.
Shares of SBAC traded down $11.51 during mid-day trading on Tuesday, hitting $248.19. 26,893 shares of the company’s stock were exchanged, compared to its average volume of 726,411. The company has a market cap of $27.58 billion, a price-to-earnings ratio of -1,715.02 and a beta of 0.21. SBA Communications has a fifty-two week low of $205.20 and a fifty-two week high of $328.37. The stock’s 50-day moving average is $268.39 and its 200-day moving average is $290.87.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Wednesday, March 10th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.93%. This is a boost from SBA Communications’s previous quarterly dividend of $0.47. SBA Communications’s dividend payout ratio is currently 21.91%.
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 and South Africa. By ÂBuilding Better Wireless,Â SBA generates revenue from two primary businesses Â- site leasing and site development services.
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