Published: Sat, May 20, 2017
Business | By Max Garcia

High Expectations For SBA Communications Corporation (NASDAQ:SBAC), But Is There Upside?


Barclays PLC upped their price target on SBA Communications from $118.00 to $136.00 and gave the company an "overweight" rating in a research note on Wednesday, April 19th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The company's quarterly revenue was up 5.9% compared to the same quarter previous year. Acrospire Investment Management LLC increased its position in shares of SBA Communications by 12.5% in the third quarter. Brookfield Asset Management Inc. now owns 2,907,940 shares of the technology company's stock worth $326,155,000 after buying an additional 1,239,958 shares during the period. Zacks Investment Research downgraded shares of SBA Communications from a "hold" rating to a "strong sell" rating in a research note on Saturday, March 4th. The average EPS estimate of 8 Wall Street analysts is $0.20 per share, compared to the company's reported EPS of $0.26 per share in the year-ago quarter. Wells Fargo & Company MN boosted its position in shares of SBA Communications by 68.8% in the first quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of SBA Communications during the fourth quarter worth approximately $46,322,000. Van ECK Associates Corp now owns 1,040 shares of the technology company's stock worth $107,000 after buying an additional 206 shares during the period. American Century Companies Inc. now owns 1,578,092 shares of the technology company's stock worth $189,955,000 after buying an additional 363,969 shares during the period. Investors measure stock performance on the basis of a company's earnings power. $1.95M worth of SBA Communications Corporation (NASDAQ:SBAC) shares were sold by Ciarfella Mark R. Krouse George R Jr sold $78,601 worth of stock or 681 shares.

SBA Communications (NASDAQ:SBAC)'s trailing twelve month revenues are $1.66 Billion, whereas its price to sales ratio for the same period is 9.83. SBA Communications Corporation has a 52-week low of 95.66 and a 52-week high of 136.34.

SBA Communications Corp. (SBAC)'s distance from 200 day simple moving average is 17.99 percent, its distance from 50 day simple moving average is 7.57 percent, while its distance from 20 day simple moving average is 3.38 percent. The stock has 5 year expected PEG ratio of 5.66 whereas its trailing twelve month P/E ratio is 274.75. SBA Communications Corporation (NASDAQ:SBAC) has risen 6.00% since April 19, 2017 and is uptrending. The consensus mean EPS for the current quarter is at $0.2 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. The high and low revenue estimates for the current quarter are $428 Million and $421.32 Million, respectively. SBA Communications had a negative return on equity of 2.24% and a net margin of 6.38%. During the same period in the prior year, the firm earned $1.45 EPS. Analysts forecast that SBA Communications will post $1.05 earnings per share for the current fiscal year. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright legislation. If you are reading this piece on another site, it was copied illegally and reposted in violation of global copyright law. The original version of this report can be read at https://sportsperspectives.com/2017/05/19/fernwood-investment-management-llc-has-1589000-stake-in-sba-communications-co-sbac.html.

A number of other brokerages have also recently commented on SBAC. Cowen and Company lifted their target price on SBA Communications from $131.00 to $141.00 and gave the stock an "outperform" rating in a report on Tuesday, May 2nd. Jefferies Group LLC lifted their price objective on SBA Communications from $133.00 to $150.00 and gave the company a "buy" rating in a report on Tuesday, May 2nd. Stocks with higher EPS growth rates are generally more preferred by investors than those with slower earnings-per-share growth rates, though in general high growth rates have a propensity to revert over the longer term to more even growth rates. Citigroup Inc downgraded SBA Communications from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 25th. The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". Following the sale, the executive vice president now directly owns 14,677 shares of the company's stock, valued at $1,893,773.31. The stock was sold at an average price of $118.12, for a total transaction of $67,328.40. The disclosure for this sale can be found here. During the same period a year ago, the firm earned $1.45 earnings per share. The company has a 1-week performance of 2.79%.

SBA Communications Corporation's P/E ratio is 270.49.

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