SBA Communications Corporation Reports Third Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
ir.sbasite.com
Company Research
Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended September 30, 2024.Highlights of the third quarter include:Net income of $255.9 million or $2.40 per shareIndustry-leading AFFO per share of $3.32Increased full year 2024 outlook across all key metricsIssued $2.07 billion of Tower Securities at a blended effective rate of 4.778%, more than 1% below the previously estimated rateEntered into an agreement to purchase over 7,000 sites in Central America from MillicomSubsequent to the third quarter of 2024, SBA entered into an agreement to purchase over 7,000 communication sites in Central America from Millicom International Cellular S.A. (“Millicom”) for approximately $975.0 million in cash. These sites are located in Guatemala, Honduras, Panama, El Salvador, and Nicaragua, with significantly all cash flows denominated in USD. The sites to be acquired in this transaction are anticipated
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SBAC
News
- SBA Communications Corporation to Speak at the BofA Securities 2024 Leveraged Finance ConferenceBusiness Wire
- SBA Communications Co. (NASDAQ: SBAC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- SBA Communications Co. (NASDAQ: SBAC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- SBA Communications Co. (NASDAQ: SBAC) had its price target raised by analysts at TD Cowen from $251.00 to $261.00. They now have a "buy" rating on the stock.MarketBeat
- SBA Communications Co. (NASDAQ: SBAC) had its price target raised by analysts at BMO Capital Markets from $255.00 to $260.00. They now have an "outperform" rating on the stock.MarketBeat
SBAC
Earnings
- 10/28/24 - Miss
SBAC
Sec Filings
- 11/1/24 - Form 10-Q
- 10/28/24 - Form 8-K
- 10/18/24 - Form 4
- SBAC's page on the SEC website