Last $113.27 USD
Change Today -0.33 / -0.29%
Volume 451.3K
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

sba communications corp-cl a (SBAC) Snapshot

Open
$113.39
Previous Close
$113.60
Day High
$113.88
Day Low
$113.14
52 Week High
11/28/14 - $122.79
52 Week Low
12/26/13 - $86.69
Market Cap
14.6B
Average Volume 10 Days
1.2M
EPS TTM
$0.01
Shares Outstanding
129.1M
EX-Date
--
P/E TM
9,468.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for SBA COMMUNICATIONS CORP-CL A (SBAC)

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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, as well as in Canada, Central America, and South America. The company operates in two segments, Site Leasing and Site Development. SBA Communications Corporation leases antenna space to wireless service providers on towers that it own or operate; and manages rooftop and tower sites for property owners under various contractual arrangements. As of December 31, 2013, it owned 20,079 towers. The company also managed or leased approximately 4,800 actual or potential towers. In addition, it provides various site development services comprising network pre-design; site audits; identification of potential locations for towers and antennas; support in buying or leasing of the location; assistance in 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.

1,117 Employees
Last Reported Date: 02/27/14
Founded in 1989

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

Chief Executive Officer, President and Direct...
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $360.0K
Executive Vice President and President of Int...
Total Annual Compensation: $390.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $390.0K
Executive Vice President of Site Leasing
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

sba communications corp-cl a (SBAC) Key Developments

SBA Communications Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2014; Provides Earnings Guidance for the Year 205

SBA Communications Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $393,293,000 compared to total revenues of $332,094,000 for the same period a year ago. Operating income was $89,484,000 compared to $63,902,000 last year. Loss before provision for income taxes was $15,642,000 compared to profit before provision for income taxes of $21,738,000 last year. Net loss was $16,624,000 or $0.13 per basic and diluted share compared to net income of $21,531,000 or $0.16 per diluted share last year. Net cash provided by operating activities was $150,343,000 compared to $114,889,000 last year. Capital expenditures were $59,196,000 compared to $33,171,000 last year. Adjusted EBITDA was $254,340,000 compared to $203,683,000 last year. FFO was $141,351,000 compared to $152,135,000 last year. AFFO was $173,835,000 or $1.33 per share compared to $134,323,000 or $1.04 per share last year. Total cash capital expenditures for the third quarter of 2014 were $140.5 million, consisting of $8.6 million of non-discretionary cash capital expenditures (tower maintenance and general corporate) and $131.9 million of discretionary cash capital expenditures (new tower builds, tower augmentations, acquisitions, purchasing land and easements, and capital expenditures associated with the purchase of a new headquarters building). For the nine months, the company reported total revenues of $1,122,262,000 compared to total revenues of $969,470,000 for the same period a year ago. Operating income was $239,934,000 compared to $170,201,000 last year. Loss before provision for income taxes was $19,975,000 compared to loss before provision for income taxes of $35,306,000 last year. Net loss was $24,685,000 or $0.19 per basic and diluted share compared to net loss of $36,747,000 or $0.29 per basic and diluted share last year. Total capital expenditure was $131,347,000. Net debt was $7,057,499,000 as on September 30, 2014. For the fourth quarter ending December 31, 2014, the company expects total revenues are to be in the range of $390.5 million to $400.5 million, tower cash flow is to be in the range of $267.5 million to $272.5 million, adjusted EBITDA is to be in the range of $257.0 million to $262.0 million, net cash interest expense is to be in the range of $76.5 million to $78.5 million, non-discretionary cash capital expenditures are to be in the range of $6.5 million compared to $7.5 million, AFFO is to be in the range of $169.0 million to $178.0 million and discretionary cash capital expenditures is to be in the range of $635.0 million to $645.0 million. For the full year ending December 31, 2014, the company expects total revenues are to be in the range of $1,512.8 million to $1,522.8 million, tower cash flow is to be in the range of $1,027.9 million to $1,032.9 million, adjusted EBITDA is to be in the range of $989.1 million to $994.1 million, net cash interest expense is to be in the range of $291.8 million to $293.8 million, non-discretionary cash capital expenditures are to be in the range of $26.5 million compared to $27.5 million, AFFO is to be in the range of $667.2 million to $676.2 million and discretionary cash capital expenditures is to be in the range of $1,772.2 million to $1,782.2 million. For the full year of 2015, the company expects total revenues are to be in the range of $1,641.0 million to $1,686.0 million, tower cash flow is to be in the range of $1,143.0 million to $1,163.0 million, adjusted EBITDA is to be in the range of $1,096.0 million to $1,116.0 million, net cash interest expense is to be in the range of $305.0 million to $315.0 million, non-discretionary cash capital expenditures are to be in the range of $30.0 million compared to $40.0 million, AFFO is to be in the range of $733.0 million to $776.0 million and discretionary cash capital expenditures is to be in the range of $215.0 million to $235.0 million.

SBA Communications Mulls Acquisitions

SBA Communications Corp. (NasdaqGS:SBAC) intends to spend additional capital in 2015 on acquiring revenue producing assets not yet identified or under contract.

SBA Communications Corp. to Report Q3, 2014 Results on Nov 04, 2014

SBA Communications Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 04, 2014

 

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Industry Analysis

SBAC

Industry Average

Valuation SBAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.0x
Price/Book NM Not Meaningful
Price/Cash Flow 26.4x
TEV/Sales 4.5x
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