SBA Communications Corporation (SBAC) Earns Daily Media Sentiment Rating of 0.10

Headlines about SBA Communications Corporation (NASDAQ:SBAC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog 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 Corporation earned a news impact score of 0.10 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.4621505772988 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities research analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $148.00) on shares of SBA Communications Corporation in a research note on Tuesday, August 1st. Jefferies Group LLC raised their price objective on SBA Communications Corporation from $150.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating on shares of SBA Communications Corporation in a research note on Wednesday, August 2nd. BidaskClub cut SBA Communications Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Zacks Investment Research cut SBA Communications Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $145.62.

Shares of SBA Communications Corporation (NASDAQ:SBAC) traded down 1.65% on Friday, hitting $142.62. The company had a trading volume of 1,529,418 shares. The firm’s 50 day moving average price is $145.77 and its 200-day moving average price is $132.98. SBA Communications Corporation has a 52 week low of $95.66 and a 52 week high of $154.71. The stock has a market capitalization of $17.17 billion, a PE ratio of 490.10 and a beta of 0.71.

SBA Communications Corporation (NASDAQ:SBAC) last posted its quarterly earnings data on Monday, July 31st. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). SBA Communications Corporation had a net margin of 2.19% and a negative return on equity of 2.64%. The company had revenue of $427.30 million for the quarter, compared to the consensus estimate of $426.10 million. During the same period last year, the business earned $1.48 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that SBA Communications Corporation will post $0.94 earnings per share for the current fiscal year.

In other SBA Communications Corporation news, EVP Mark R. Ciarfella sold 9,655 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $140.74, for a total transaction of $1,358,844.70. Following the sale, the executive vice president now directly owns 21,403 shares in the company, valued at approximately $3,012,258.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George R. Krouse, Jr. sold 1,643 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $138.63, for a total value of $227,769.09. Following the sale, the director now owns 11,643 shares in the company, valued at $1,614,069.09. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,674 shares of company stock worth $2,706,217. Company insiders own 2.10% of the company’s stock.

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About SBA Communications Corporation

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.

Insider Buying and Selling by Quarter for SBA Communications Corporation (NASDAQ:SBAC)

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