SBA Communications Corporation Reports First Quarter 2021 Results; Updates Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

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Go back to SBA Communications Corporation Reports First Quarter 2021 Results; Updates Full Year 2021 Outlook; and Declares Quarterly Cash Dividend

SBA Communications (SBAC) PT Raised to $352 at Jefferies

April 27, 2021 8:32 AM EDT

Jefferies analyst Jonathan Petersen raised the price target on SBA Communications (NASDAQ: SBAC) to $352.00 (from $335.00) while maintaining a Buy rating.

The analyst commented, "SBAC delivered AFFO and EBITDA beats in 1Q21 and increased guidance for FY21. The success of the recent... More

SBA Communications (SBAC) Reports Q1 Revenues Beat

April 26, 2021 4:03 PM EDT

SBA Communications (NASDAQ: SBAC) reported Q1 EPS of ($0.11), $0.45 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $548.74 million versus the consensus estimate of $539.32 million.

We had a strong start to 2021, commented Jeffrey A. Stoops, President and Chief Executive Officer. We produced very solid year-over-year growth in AFFO per share while operationally executing at a very high level. We had several notable accomplishments since the... More