Media coverage about SBA Communications (NASDAQ:SBAC) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SBA Communications earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 47.0567267541394 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- SBA Communications Co. (SBAC) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- $453.24 Million in Sales Expected for SBA Communications Co. (SBAC) This Quarter (americanbankingnews.com)
- SBA Tower Trust — Moody’s assigns definitive ratings to SBA Tower Trust wireless tower-backed securities (finance.yahoo.com)
- Technical Secrets – SBA Communications Corporation (NASDAQ: SBAC) – Alpha Beta Stock (alphabetastock.com)
- Zacks: Analysts Anticipate SBA Communications Co. (SBAC) Will Announce Earnings of $0.22 Per Share (americanbankingnews.com)
A number of brokerages have weighed in on SBAC. Citigroup boosted their target price on SBA Communications from $168.00 to $183.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Guggenheim set a $190.00 target price on SBA Communications and gave the stock a “buy” rating in a research report on Tuesday, February 27th. BidaskClub lowered SBA Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Cowen reissued a “buy” rating on shares of SBA Communications in a research report on Tuesday, February 27th. Finally, SunTrust Banks reissued a “buy” rating on shares of SBA Communications in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $173.07.
SBA Communications (NASDAQ:SBAC) last released its quarterly earnings results on Monday, February 26th. The technology company reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $1.60. SBA Communications had a net margin of 6.00% and a negative return on equity of 5.43%. The firm had revenue of $443.10 million during the quarter, compared to analyst estimates of $437.01 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts forecast that SBA Communications will post 1.04 EPS for the current fiscal year.
SBA Communications announced that its board has approved a stock buyback plan on Monday, February 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
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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