SBA Communications Corporation

SBAC

US78410G1040

Specialized REITs

Market Closed - Nasdaq Other stock markets 16:00:01 2024-05-16 EDT			5-day change	1st Jan Change
202.8 ^USD	+0.24%		+2.20%	-20.04%

05-15	Morgan Stanley Adjusts Price Target on SBA Communications to $232 From $243, Keeps Overweight Rating	MT
05-14	Transcript : SBA Communications Corporation Presents at MoffettNathanson's Media, Internet & Communications Conference, May-14-2024 02:00 PM

SBA Communications Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 29, 2024 at 04:21 pm

SBA Communications Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 628.28 million compared to USD 617.27 million a year ago. Revenue was USD 657.86 million compared to USD 675.52 million a year ago.

Net income was USD 154.54 million compared to USD 101.22 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 0.93 a year ago.

Latest news about SBA Communications Corporation

Morgan Stanley Adjusts Price Target on SBA Communications to $232 From $243, Keeps Overweight Rating	05-15	MT
Transcript : SBA Communications Corporation Presents at MoffettNathanson's Media, Internet & Communications Conference, May-14-2024 02:00 PM	05-14
RBC Adjusts Price Target on SBA Communications to $235 From $250	05-09	MT
BMO Capital Adjusts Price Target on SBA Communications to $250 From $265	05-06	MT
Deutsche Bank Adjusts SBA Communications Price Target to $230 From $245, Maintains Buy Rating	05-02	MT
UBS Adjusts Price Target on SBA Communications to $255 From $262, Maintains Buy Rating	04-30	MT
Jefferies Adjusts SBA Communications' Price Target to $214 From $225	04-30	MT
KeyBanc Adjusts Price Target on SBA Communications to $227 From $276	04-30	MT
Wells Fargo Adjusts Price Target on SBA Communications to $230 From $260	04-30	MT
Barclays Adjusts Price Target on SBA Communications to $241 From $255	04-30	MT
Raymond James Adjusts Price Target on SBA Communications to $298 From $304	04-30	MT
TD Cowen Adjusts Price Target on SBA Communications to $253 From $266, Keeps Buy Rating	04-30	MT
Citigroup Adjusts Price Target on SBA Communications to $260 From $290, Maintains Buy Rating	04-30	MT
SBA Communications cuts annual revenue outlook on slowing wireless carrier activity	04-29	RE
SBA Communications Q1 Adjusted FFO Rises, Revenue Falls; Sets 2024 Outlook	04-29	MT
Transcript : SBA Communications Corporation, Q1 2024 Earnings Call, Apr 29, 2024	04-29
Tranche Update on SBA Communications Corporation's Equity Buyback Plan announced on November 1, 2021.	04-29	CI
SBA Communications Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	04-29	CI
SBA Communications Guides For Full Year 2024 AFFO of $13.09-$13.46 on Revenue of $2.657-$2.697 Billion, vs CIQ Analyst Consensus of $13.35/AFFO on Revenue of $2.69 Billion	04-29	MT
Earnings Flash (SBAC) SBA COMMUNICATIONS Reports Q1 Revenue $657.9M	04-29	MT
SBA Communications Corporation Revises Earnings Guidance for the Full Year 2024	04-29	CI
SBA Communications Corporation Declares a Quarterly Cash Dividend on Class A Common Stock, Payable on June 19, 2024	04-29	CI
SBA Communications Corporation acquired 11 Communication Sites for $9.2 million.	04-28	CI
Crown Castle beats site rental revenue estimates on steady demand	04-17	RE
Barclays Adjusts SBA Communications Price Target to $255 From $260	04-17	MT

Chart SBA Communications Corporation

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Company Profile

SBA Communications Corporation owns, develops, and operates wireless communication structures. Sales break down by activity as follows: - leasing of spaces for antennas on communication towers (93.8%): at the end of 2020, owned 32,923 wireless towers. The group is also involved in leasing and managing towers for third parties. The United States accounts for 79.7% of net sales; - network development services (6.2%): supply of acquisition, zoning, and site authorization services, consulting services, and structure analysis for wireless communication providers related to installing communication equipment on towers, maintenance, etc.

Sector

Specialized REITs

Calendar

2024-05-20 - J.P. Morgan Global Technology, Media and Communications Conference

Related indices

S&P 500

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Ratings for SBA Communications Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

202.8 USD

Average target price

246.4 USD

Spread / Average Target

+21.45%

Consensus

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