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As of close of business last night, SBA Communications Corp’s stock clocked out at $197.51, down -0.49% from its previous closing price of $198.48. In other words, the price has decreased by -$0.49 from its previous closing price. On the day, 0.71 million shares were traded. SBAC stock price reached its highest trading level at $198.69 during the session, while it also had its lowest trading level at $195.87.
Ratios:
To gain a deeper understanding of SBAC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 81.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.41.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 21221066752 and an Enterprise Value of 35449880576. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.69, and their Forward P/E ratio for the next fiscal year is 24.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.88. Its current Enterprise Value per Revenue stands at 13.159 whereas that against EBITDA is 19.701.
Stock Price History:
The Beta on a monthly basis for SBAC is 0.65, which has changed by -0.16053212 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, SBAC has reached a high of $258.76, while it has fallen to a 52-week low of $183.64. The 50-Day Moving Average of the stock is -4.80%, while the 200-Day Moving Average is calculated to be -9.84%.
Shares Statistics:
It appears that SBAC traded 1.06M shares on average per day over the past three months and 1132900 shares per day over the past ten days. A total of 108.05M shares are outstanding, with a floating share count of 106.45M. Insiders hold about 0.92% of the company’s shares, while institutions hold 100.11% stake in the company. Shares short for SBAC as of 1714435200 were 2124985 with a Short Ratio of 2.01, compared to 1711584000 on 2716099. Therefore, it implies a Short% of Shares Outstanding of 2124985 and a Short% of Float of 2.3800000000000003.
Dividends & Splits
With its trailing 12-month dividend rate of 3.53, SBAC has a forward annual dividend rate of 3.53. Against a Trailing Annual Dividend Yield of 0.017785167
Earnings Estimates
The current market rating for SBA Communications Corp (SBAC) reflects the collective analysis of 9.0 analysts closely monitoring its performance.On average, analysts expect EPS of $2.01 for the current quarter, with a high estimate of $2.19 and a low estimate of $1.05, while EPS last year was $1.87. The consensus estimate for the next quarter is $2.05, with high estimates of $2.23 and low estimates of $1.07.
Analysts are recommending an EPS of between $8.0 and $4.62 for the fiscal current year, implying an average EPS of $7.51. EPS for the following year is $8.46, with 10.0 analysts recommending between $10.56 and $5.09.
Revenue Estimates
In the current quarter, 10 analysts expect revenue to total $665.06M. It ranges from a high estimate of $669.92M to a low estimate of $655.4M. As of the current estimate, SBA Communications Corp’s year-ago sales were $677.26MFor the next quarter, 10 analysts are estimating revenue of $671.33M. There is a high estimate of $675.67M for the next quarter, whereas the lowest estimate is $668M.
A total of 13 analysts have provided revenue estimates for SBAC’s current fiscal year. The highest revenue estimate was $2.69B, while the lowest revenue estimate was $2.66B, resulting in an average revenue estimate of $2.67B. In the same quarter a year ago, actual revenue was $2.71BBased on 13 analysts’ estimates, the company’s revenue will be $2.75B in the next fiscal year. The high estimate is $2.8B and the low estimate is $2.7B.
