Understanding SBA Communications Corporation (SBAC)’s financial health through ratios

SBA Communications Corporation (NASDAQ: SBAC) closed the day trading at $224.24 down -2.69% from the previous closing price of $230.43. In other words, the price has decreased by -$6.19 from its previous closing price. On the day, 615162 shares were traded. SBAC stock price reached its highest trading level at $229.85 during the session, while it also had its lowest trading level at $223.91.

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For a better understanding of SBAC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 158.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.39. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 when Ciarfella Mark R sold 8,213 shares for $355.50 per share. The transaction valued at 2,919,750 led to the insider holds 23,884 shares of the business.

SILBERSTEIN JASON V sold 16,464 shares of SBAC for $5,768,721 on Aug 10. The EVP – Site Leasing now owns 21,785 shares after completing the transaction at $350.38 per share. On Aug 09, another insider, STOOPS JEFFREY, who serves as the Chief Executive Officer & Pres of the company, sold 66,001 shares for $345.56 each. As a result, the insider received 22,807,632 and left with 255,457 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBAC now has a Market Capitalization of 28.28B and an Enterprise Value of 43.30B. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.55, and their Forward P/E ratio for the next fiscal year is 38.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.09. Its current Enterprise Value per Revenue stands at 16.10 whereas that against EBITDA is 27.43.

Stock Price History:

Over the past 52 weeks, SBAC has reached a high of $356.59, while it has fallen to a 52-week low of $229.48. The 50-Day Moving Average of the stock is 249.84, while the 200-Day Moving Average is calculated to be 280.18.

Shares Statistics:

Over the past 3-months, SBAC traded about 779.74K shares per day on average, while over the past 10 days, SBAC traded about 751.78k shares per day. A total of 108.13M shares are outstanding, with a floating share count of 106.59M. Insiders hold about 0.40% of the company’s shares, while institutions hold 97.20% stake in the company. Shares short for SBAC as of Apr 27, 2023 were 1.51M with a Short Ratio of 1.51M, compared to 1.56M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.40% and a Short% of Float of 1.68%.

Dividends & Splits

SBAC’s forward annual dividend rate is 3.40, up from 2.98 a year ago. Against a Trailing Annual Dividend Yield of 1.29%, it implies a Forward Annual Dividend Yield of 1.46%.

Earnings Estimates

Current recommendations for the stock of the company come from 10 analysts. On average, analysts expect EPS of $1.23 for the current quarter, with a high estimate of $1.32 and a low estimate of $1.1, while EPS last year was $0.64. The consensus estimate for the next quarter is $1.25, with high estimates of $1.31 and low estimates of $1.17.

Analysts are recommending an EPS of between $4.99 and $4.57 for the fiscal current year, implying an average EPS of $4.78. EPS for the following year is $5.76, with 13 analysts recommending between $6.62 and $4.65.

Revenue Estimates

11 analysts predict $676.36M in revenue for the current quarter. It ranges from a high estimate of $684.56M to a low estimate of $667M. As of the current estimate, SBA Communications Corporation’s year-ago sales were $652.01M, an estimated increase of 3.70% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $675.41M, an increase of 3.70% over than the figure of $3.70% in the same quarter last year. There is a high estimate of $681.9M for the next quarter, whereas the lowest estimate is $669.16M.

A total of 14 analysts have provided revenue estimates for SBAC’s current fiscal year. The highest revenue estimate was $2.72B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.63B, up 2.90% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.8B in the next fiscal year. The high estimate is $2.89B and the low estimate is $2.75B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.