SBA Communications Corporation(SBAC) shares saw a recent bid of $136.02 and 665.24TH shares have exchanged hands in the recent trading session, yielding a 2.42% gain over the past week. The stock price increased 0.35% or $-0.47 versus $135.55 at the end of the prior session. This change led market cap to move at $16.44B, putting the price -0.73% below the 52-week high and 42.19% above the 52-week low. The company’s stock has a normal trading capacity of 1.21M shares while the relative volume is 0.55.
By historical standards, SBA Communications Corporation remains a cheap stock. The company’s current price-earnings ratio amounts to 278.59 times earnings, above the average P/E ratio of 24.05 times earnings. For now, SBA Communications Corporation is the toast of Wall Street as its ABR stands at 2.00 with 6 out of 20 analysts rating the stock a buy. Over the short term, some market observers may have noticed that SBA Communications Corporation has a 2.64% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. SBA Communications Corporation has far performed well this year, with the share price up 31.73% since January. Over the past 2 quarters, the stock is up 35.36%, compared with a gain of nearly 20.60% for 3 months and about 8.53% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $0.31, smashing the consensus of $0.20 per share. Revenue for the quarter also killed consensus, coming in at $423.36M, compared to the consensus of 418.52M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.19. The company is expected to report EPS as high as $0.25 and as low as $0.14 per share. Similarly, full-year EPS forecasts have ranged between $0.89 and $1.77. The mean EPS estimate is $1.04. On the other side, sales forecasts for the current quarter are $425.68M. The stock is expected to report revenue as high as $431.23M and as low as $421.32M per share. Similarly, full-year sales forecasts have ranged between $1.71B and $1.73B. The mean revenue estimate is $1.71B.
Over the last 5 years, SBA Communications Corporation has averaged a 20.50% YoY EPS growth rate and a 18.50% revenue growth rate. Analysts are expecting EPS growth rates to be at 144.30% this quarter and EPS estimate for next year reflect a 55.90% growth rate.
Sell-side analysts also have something to say about this company. Guggenheim raised its rating on SBA Communications Corporation to Buy on 11/04/2017 in a reversal from its prior Neutral rating. Citigroup had a markedly different take on 25/01/2017, proposing that SBA Communications Corporation is now considered Neutral versus prior Buy rating. Guggenheim analysts stated on 16/12/2016 that they launched coverage on this stock with Neutral rating. Macquarie analysts stated on 06/12/2016 that they launched coverage on this stock with Neutral rating.