The price of SBA Communications Corp (NASDAQ: SBAC) closed at $199.95 in the last session, down -3.77% from day before closing price of $207.78. In other words, the price has decreased by -$7.83 from its previous closing price. On the day, 2970041 shares were traded.
Ratios:
We take a closer look at SBAC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 87.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 69.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on December 15, 2023, Upgraded its rating to Outperform and sets its target price to $285 from $245 previously.
On August 10, 2023, BofA Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $245.
On July 13, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $260.BMO Capital Markets initiated its Market Perform rating on July 13, 2023, with a $260 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 14 when SILBERSTEIN JASON V sold 16,465 shares for $255.44 per share. The transaction valued at 4,205,886 led to the insider holds 29,908 shares of the business.
Lazarus Brian D sold 20,605 shares of SBAC for $5,137,906 on Dec 13. The SVP & Chief Accounting Officer now owns 7,085 shares after completing the transaction at $249.35 per share. On Dec 06, another insider, BERNSTEIN STEVEN E, who serves as the Chairman of the company, sold 7,300 shares for $253.89 each. As a result, the insider received 1,853,379 and left with 2,903 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 21.60B and an Enterprise Value of 35.86B. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.38, and their Forward P/E ratio for the next fiscal year is 33.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.07. Its current Enterprise Value per Revenue stands at 13.22 whereas that against EBITDA is 21.08.
Stock Price History:
Over the past 52 weeks, SBAC has reached a high of $267.42, while it has fallen to a 52-week low of $185.23. The 50-Day Moving Average of the stock is 232.56, while the 200-Day Moving Average is calculated to be 224.99.
Shares Statistics:
According to the various share statistics, SBAC traded on average about 883.46K shares per day over the past 3-months and 1.1M shares per day over the past 10 days. A total of 108.05M shares are outstanding, with a floating share count of 106.76M. Insiders hold about 1.04% of the company’s shares, while institutions hold 99.18% stake in the company. Shares short for SBAC as of Jan 31, 2024 were 2.76M with a Short Ratio of 3.12, compared to 3.11M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.55% and a Short% of Float of 3.09%.
Dividends & Splits
The forward annual dividend rate for SBAC is 3.40, which was 0.00 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 1.96%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.38 for the current quarter, with a high estimate of $1.62 and a low estimate of $0.86, while EPS last year was $0.93. The consensus estimate for the next quarter is $1.47, with high estimates of $1.64 and low estimates of $1.31.
Analysts are recommending an EPS of between $6.54 and $4.38 for the fiscal current year, implying an average EPS of $5.98. EPS for the following year is $6.25, with 11 analysts recommending between $7.86 and $4.2.
Revenue Estimates
For the next quarter, 7 analysts are estimating revenue of $677.93M, an increase of 0.10% over than the figure of -$0.00% in the same quarter last year. There is a high estimate of $691M for the next quarter, whereas the lowest estimate is $662.52M.
A total of 16 analysts have provided revenue estimates for SBAC’s current fiscal year. The highest revenue estimate was $2.88B, while the lowest revenue estimate was $2.66B, resulting in an average revenue estimate of $2.75B. In the same quarter a year ago, actual revenue was $2.71B, up 1.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.85B in the next fiscal year. The high estimate is $3.07B and the low estimate is $2.75B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
