SBA Communications (NASDAQ:SBAC) announced its quarterly earnings results on Sunday. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.42, MarketWatch Earnings reports. The business had revenue of $536.00 million for the quarter, compared to analysts’ expectations of $530.25 million. During the same period last year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis.
NASDAQ SBAC opened at $259.70 on Tuesday. SBA Communications has a 52 week low of $205.20 and a 52 week high of $328.37. The stock has a market cap of $28.86 billion, a price-to-earnings ratio of -1,731.22 and a beta of 0.21. The company has a 50-day moving average price of $268.39 and a two-hundred day moving average price of $290.87.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Wednesday, March 10th will be given a $0.58 dividend. This is a boost from SBA Communications’s previous quarterly dividend of $0.47. This represents a $2.32 annualized dividend and a yield of 0.89%. SBA Communications’s dividend payout ratio is 21.91%.
About SBA Communications
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa. By ÂBuilding Better Wireless,Â SBA generates revenue from two primary businesses Â- site leasing and site development services.
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