Media coverage about SBA Communications (NASDAQ:SBAC) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SBA Communications earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.5902681542099 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- SBA Communications Corporation (SBAC) Stock Recap – Wall Street Morning (wallstreetmorning.com)
- Analyzing InterDigital (IDCC) & SBA Communications (SBAC) (americanbankingnews.com)
- SBA Communications (SBAC) Upgraded to Buy at BidaskClub (americanbankingnews.com)
- Morgan Stanley Cuts SBA Communications (SBAC) Price Target to $182.00 (americanbankingnews.com)
- Insider Buying: SBA Communications Co. (SBAC) Director Purchases 500 Shares of Stock (americanbankingnews.com)
Several analysts have recently commented on the company. BidaskClub upgraded SBA Communications from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. KeyCorp set a $188.00 target price on SBA Communications and gave the stock a “buy” rating in a report on Tuesday, February 27th. Deutsche Bank increased their target price on SBA Communications from $164.00 to $170.00 and gave the stock a “hold” rating in a report on Tuesday, February 27th. Wells Fargo restated a “market perform” rating and set a $170.00 target price (up previously from $150.00) on shares of SBA Communications in a report on Tuesday, February 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $200.00 target price on shares of SBA Communications in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. SBA Communications currently has a consensus rating of “Buy” and an average price target of $172.50.
SBA Communications (NASDAQ SBAC) traded up $0.37 during trading on Tuesday, reaching $169.33. The company had a trading volume of 1,368,652 shares, compared to its average volume of 1,172,471. The company has a market capitalization of $19,653.57, a PE ratio of 196.90, a price-to-earnings-growth ratio of 16.22 and a beta of 0.92. SBA Communications has a fifty-two week low of $115.40 and a fifty-two week high of $177.67. The company has a debt-to-equity ratio of -3.57, a quick ratio of 0.93 and a current ratio of 0.93.
SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $1.60. The business had revenue of $443.10 million for the quarter, compared to analysts’ expectations of $437.01 million. SBA Communications had a negative return on equity of 5.43% and a net margin of 6.00%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 earnings per share. research analysts predict that SBA Communications will post 1.04 earnings per share for the current fiscal year.
SBA Communications declared that its board has initiated a stock repurchase plan on Monday, February 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other news, Director Duncan Cocroft purchased 500 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were acquired at an average price of $167.29 per share, for a total transaction of $83,645.00. Following the completion of the acquisition, the director now directly owns 87,966 shares in the company, valued at $14,715,832.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by company insiders.
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SBA Communications Company Profile
SBA Communications Corporation is an independent owner and operator of wireless communications tower structures, rooftops and other structures that support antennas used for wireless communications. The Company’s operating segments include site leasing and site development. The site leasing business includes segments, domestic site leasing and international site leasing.
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