The closing price of SBA Communications Corp (NASDAQ: SBAC) was $215.02 for the day, down -0.32% from the previous closing price of $215.72. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 656194 shares were traded.
Ratios:
Our analysis of SBAC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 93.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.74.
On December 15, 2023, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $245 to $285.
BofA Securities Downgraded its Buy to Neutral on August 10, 2023, while the target price for the stock was maintained at $245.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 05 ’24 when Chan Mary S sold 1,977 shares for $217.99 per share. The transaction valued at 430,966 led to the insider holds 4,622 shares of the business.
SILBERSTEIN JASON V sold 16,465 shares of SBAC for $4,205,886 on Dec 14 ’23. The EVP – Site Leasing now owns 29,908 shares after completing the transaction at $255.44 per share. On Dec 13 ’23, another insider, Lazarus Brian D, who serves as the SVP & Chief Accounting Officer of the company, sold 20,605 shares for $249.35 each. As a result, the insider received 5,137,906 and left with 7,085 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 23.25B and an Enterprise Value of 37.50B. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.66, and their Forward P/E ratio for the next fiscal year is 36.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.57. Its current Enterprise Value per Revenue stands at 13.83 whereas that against EBITDA is 22.04.
Stock Price History:
The Beta on a monthly basis for SBAC is 0.55, which has changed by -16.14% over the last 52 weeks, in comparison to a change of 32.00% over the same period for the S&P500. 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 219.83, while the 200-Day Moving Average is calculated to be 223.67.
Shares Statistics:
SBAC traded an average of 992.10K shares per day over the past three months and 921.5k shares per day over the past ten days. A total of 108.05M shares are outstanding, with a floating share count of 106.94M. Insiders hold about 1.08% of the company’s shares, while institutions hold 99.01% stake in the company. Shares short for SBAC as of Feb 29, 2024 were 3.34M with a Short Ratio of 3.37, compared to 2.76M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.09% and a Short% of Float of 3.73%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.40, SBAC has a forward annual dividend rate of 3.53. Against a Trailing Annual Dividend Yield of 1.58%, it implies a Forward Annual Dividend Yield of 1.82%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $1.23 for the current quarter, with a high estimate of $1.43 and a low estimate of $1.03, while EPS last year was $0.93. The consensus estimate for the next quarter is $1.32, with high estimates of $1.49 and low estimates of $1.2.
Analysts are recommending an EPS of between $5.98 and $4.94 for the fiscal current year, implying an average EPS of $5.25. EPS for the following year is $6.29, with 10 analysts recommending between $7.08 and $4.73.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $683.78M to a low estimate of $654M. As of the current estimate, SBA Communications Corp’s year-ago sales were $675.15M, an estimated decrease of -0.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $670.14M, a decrease of -1.10% less than the figure of -$0.80% in the same quarter last year. There is a high estimate of $675.19M for the next quarter, whereas the lowest estimate is $658M.
A total of 13 analysts have provided revenue estimates for SBAC’s current fiscal year. The highest revenue estimate was $2.71B, while the lowest revenue estimate was $2.68B, resulting in an average revenue estimate of $2.69B. In the same quarter a year ago, actual revenue was $2.71B, down -0.70% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.78B in the next fiscal year. The high estimate is $2.83B and the low estimate is $2.72B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.
