Somewhat Positive News Coverage Somewhat Unlikely to Impact SBA Communications (SBAC) Stock Price

News headlines about SBA Communications (NASDAQ:SBAC) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. SBA Communications earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.7831861038219 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

SBAC stock opened at $156.81 on Tuesday. SBA Communications has a 1-year low of $140.62 and a 1-year high of $177.67. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of -3.18.

SBA Communications (NASDAQ:SBAC) last posted its quarterly earnings data on Monday, July 30th. The technology company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.68). SBA Communications had a negative return on equity of 1.26% and a net margin of 1.73%. The business had revenue of $456.30 million during the quarter, compared to the consensus estimate of $457.43 million. During the same period last year, the business posted $1.73 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. equities analysts anticipate that SBA Communications will post 7.07 EPS for the current fiscal year.

Several research analysts recently issued reports on the company. ValuEngine lowered SBA Communications from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub lowered SBA Communications from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Zacks Investment Research raised SBA Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Morgan Stanley lowered their price objective on SBA Communications from $180.00 to $176.00 and set an “overweight” rating for the company in a research report on Thursday, August 16th. Finally, Deutsche Bank lifted their price objective on SBA Communications from $170.00 to $183.00 and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $181.40.

In other news, Director Brian C. Carr sold 800 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $155.00, for a total value of $124,000.00. Following the completion of the sale, the director now directly owns 3,070 shares in the company, valued at approximately $475,850. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark R. Ciarfella sold 1,850 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $160.01, for a total value of $296,018.50. Following the completion of the sale, the executive vice president now owns 15,663 shares of the company’s stock, valued at $2,506,236.63. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,412 shares of company stock valued at $42,674,675. Corporate insiders own 2.70% of the company’s stock.

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. By "Building Better Wireless," SBA generates revenue from two primary businesses ? site leasing and site development services.

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