SBA Communications (NASDAQ:SBAC) posted its earnings results on Sunday. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.42, MarketWatch Earnings reports. The business had revenue of $536.00 million for the quarter, compared to analysts’ expectations of $530.25 million. SBA Communications’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS.
Shares of NASDAQ:SBAC traded down $7.10 on Tuesday, hitting $252.60. The company had a trading volume of 15,917 shares, compared to its average volume of 726,411. SBA Communications has a 52-week low of $205.20 and a 52-week high of $328.37. The business has a 50 day moving average of $268.39 and a 200 day moving average of $290.87. The company has a market cap of $28.07 billion, a PE ratio of -1,715.02 and a beta of 0.21.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Wednesday, March 10th will be given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 0.92%. This is an increase from SBA Communications’s previous quarterly dividend of $0.47. SBA Communications’s payout ratio is presently 21.91%.
SBA Communications Company Profile
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By ÂBuilding Better Wireless,Â SBA generates revenue from two primary businesses Â- site leasing and site development services.
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