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Last $116.54 USD
Change Today -1.66 / -1.40%
Volume 123.6K
SBAC On Other Exchanges
Symbol
Exchange
Berlin
As of 9:56 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

sba communications corp-cl a (SBAC) Snapshot

Open
$115.63
Previous Close
$119.23
Day High
$117.50
Day Low
$114.20
52 Week High
08/18/15 - $128.47
52 Week Low
10/15/14 - $103.83
Market Cap
14.9B
Average Volume 10 Days
1.2M
EPS TTM
$-0.33
Shares Outstanding
127.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SBA COMMUNICATIONS CORP-CL A (SBAC)

sba communications corp-cl a (SBAC) Related Businessweek News

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sba communications corp-cl a (SBAC) Details

SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. The company operates through two segments, Site Leasing and Site Development. It leases antenna space to wireless service providers on towers that it owns or operates; and manage rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2014, the company owned 24,292 towers; and managed or leased approximately 5,000 actual or potential towers. It also provides a range of site development services, including site audits, identification of potential locations for towers and antennas, modification of lease agreements to add equipment to existing structures, support in buying or leasing of the location, obtaining zoning approvals and permits, tower structure construction, antenna installation, and radio equipment installation, commissioning, and maintenance. SBA Communications Corporation was founded in 1989 and is headquartered in Boca Raton, Florida.

1,259 Employees
Last Reported Date: 03/2/15
Founded in 1989

sba communications corp-cl a (SBAC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $400.0K
Executive Vice President and President of Int...
Total Annual Compensation: $425.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $425.0K
Executive Vice President of Site Leasing
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2014.

sba communications corp-cl a (SBAC) Key Developments

SBA Communications Corporation Amends Bylaws to Adopt New Proxy Access Right for Eligible Shareholders

On July 28, 2015, the Board of Directors of SBA Communications Corporation amended and restated the company's bylaws to adopt a new proxy access right for eligible shareholders effective immediately. The amendments were undertaken in response to the company's engagement with its shareholders regarding proxy access in connection with the company's 2015 annual meeting held on May 21, 2015 and the resulting vote approving the company's proposal to adopt a proxy access bylaw provision with the terms included the adopted Bylaws. Article I, Section 20 has been added to the Bylaws, and related amendments were made to the advance notice provisions in Section 19 of Article I of the Bylaws, to permit an eligible shareholder, or an eligible group of up to 10 shareholders, owning 5% or more of the company's outstanding common stock continuously for at least three years to nominate and include in the company's proxy materials, directors constituting up to 20% of the Board, subject to the limitations set forth in the Bylaws and the eligibility, procedural and disclosure requirements referred to in Article I, Section 20 of the Bylaws.

SBA Communications Mulls Acquisitions

SBA Communications Corp. (NasdaqGS:SBAC) is looking for acquisitions. SBA Communications' Chief Executive Officer, Jeffrey Stoops said "we're pleasantly surprised to see a nice cottage mom-and-pop development market growing down there that will give us a chance to continue to grow through small to medium acquisitions for a long time."

SBA Communications Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for Third Quarter Ending September 30, 2015 and Full Year 2015

SBA Communications Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenues were $410.704 million compared to $383.420 million a year ago. Operating income was $98.163 million compared to $83.317 million a year ago. Income before provision for income taxes was $30.529 million against loss of $7.424 million a year ago. Net income was $28.305 million or $0.22 per basic and diluted share against net loss of $9.467 million or $0.07 per basic and diluted share a year ago. Net cash provided by operating activities was $197.124 million against $172.792 million a year ago. Capital expenditures were $50.292 million against $39.913 million a year ago. Adjusted EBITDA was $274.251 million against $251.056 million a year ago. Annualized adjusted EBITDA was $1,097.004 million against $1,004.224 million a year ago. Funds from operations were $188.874 million against $149.953 million a year ago. Adjusted FFO was $184.491 million or $1.42 per share against $170.572 million or $1.31 per share a year ago. For the six months period, the company's total revenues were $820.798 million compared to $728.969 million a year ago. Operating income was $187.248 million compared to $150.451 million a year ago. Loss before provision for income taxes was $45.538 million against $4.333 million a year ago. Net loss was $50.725 million or $0.39 per basic and diluted share against $8.061 million or $0.06 per basic and diluted share a year ago. Net debt as at June 30, 2015 was 8,152.394 million. For the third quarter ending September 30, 2015, the company expects total revenues in the range of $403.0 million to $413.0 million, tower cash flow of $282.5 million to $287.5 million, adjusted EBITDA of $271.5 million to $276.5 million, net cash interest expense of $80.0 million to $82.0 million, AFFO of $177.5 million to $186.5 million and discretionary cash capital expenditures of $115.0 million to $125.0 million. For the full year 2015, the company expects total revenues in the range of $1,623.0 million to $1,648.0 million, tower cash flow of $1,133.0 million to $1,148.0 million, adjusted EBITDA of $1,086.0 million to $1,101.0 million, net cash interest expense of $315.0 million to $320.0 million, AFFO of $721.0 million to $749.0 million and discretionary cash capital expenditures of $580.0 million to $600.0 million.

 

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Industry Analysis

SBAC

Industry Average

Valuation SBAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.5x
Price/Book NM Not Meaningful
Price/Cash Flow 25.9x
TEV/Sales 4.3x
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