Last $91.17 USD
Change Today +1.27 / 1.41%
Volume 1.6M
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

sba communications corp-cl a (SBAC) Snapshot

Open
$90.35
Previous Close
$89.90
Day High
$91.70
Day Low
$89.78
52 Week High
02/21/14 - $99.64
52 Week Low
06/24/13 - $70.55
Market Cap
11.7B
Average Volume 10 Days
1.4M
EPS TTM
$-0.35
Shares Outstanding
128.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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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 Mulls Acquisitions

SBA Communications Corp. (NasdaqGS:SBAC) is looking for acquisition opportunities in Brazil, Jeffrey Stoops, Chief Executive officer of SBA said in a conference call. "We had a busy year-end in Brazil. We closed our first acquisition from [telecoms operator] Oi of 2,113 sites and entered into an agreement to acquire another 2,007 sites from Oi, which is scheduled to close on March 31, 2014. We will continue to look for additional acquisition opportunities in Brazil. We now have about 35 experienced employees in Brazil, and we expect to reach 50 or 55 by the year-end. We will continue to expand our Brazilian workforce as we grow" Jeffrey Stoops added.

SBA Communications Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014 and Full Year of 2014; Reports Asset Impairment and Decommission Costs for the Fourth Quarter of 2013

SBA Communications Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of USD 335.396 million compared to USD 293.841 million a year ago. Operating income was USD 59.445 million compared to USD 31.046 million a year ago. Loss before provision for income taxes was USD 21.914 million compared to USD 50.748 million a year ago. Net loss from continuing operations was USD 19.164 million compared to USD 52.534 million a year ago. Net loss was USD 19.164 million compared to USD 52.586 million a year ago. Net loss attributable to the company was USD 19.164 million compared to USD 52.489 million a year ago. Basic and diluted loss per share from continuing operations was USD 0.15 compared to USD 0.42 a year ago. Basic and diluted loss per share was USD 0.15 compared to USD 0.42 a year ago. Total cash capital expenditures for the fourth quarter were USD 403.9 million, consisting of USD 5.7 million of nondiscretionary cash capital expenditures such as tower maintenance and general corporate capex and USD 398.2 million of discretionary cash capital expenditures. Discretionary cash capex for the fourth quarter includes USD 321.1 million incurred in connection with tower acquisitions excluding working capital adjustments and paid earn-outs. Discretionary cash capex also included USD 21.7 million in new tower construction, including construction in progress, USD 23.3 million related to the purchase of new offices and USD 14.8 million for Gross Augmentations and tower upgrades. AFFO increased 23.1% to USD 139.1 million compared to USD 112.9 million in the fourth quarter of 2012. AFFO per share increased 21.6% to USD 1.07 compared to USD 0.88 in the fourth quarter of 2012. For the year, the company reported total revenues of USD 1,304.866 million compared to USD 954.084 million a year ago. Operating income was USD 229.645 million compared to USD 147.146 million a year ago. Loss before provision for income taxes was USD 57.218 million compared to USD 177.092 million a year ago. Net loss from continuing operations was USD 55.909 million compared to USD 183.686 million a year ago. Net loss was USD 55.909 million compared to USD 181.390 million a year ago. Net loss attributable to the company was USD 55.909 million compared to USD 181.037 million a year ago. Basic and diluted loss per share from continuing operations was USD 0.44 compared to USD 1.53 a year ago. Basic and diluted loss per share was USD 0.44 compared to USD 1.51 a year ago. Net cash provided by operating activities were USD 154.539 million compared to USD 103.390 million a year ago. Capital expenditures were USD 65.520 million compared to USD 38.804 million a year ago. Adjusted EBITDA was USD 209.380 million compared to USD 177.016 million a year ago. FFO was USD 108.988 million compared to USD 78.769 million a year ago. AFFO was USD 139.092 million compared to USD 112.949 million a year ago. AFFO per share was USD 1.07 compared to USD 0.88 a year ago. The company's full year 2014 outlook assumes approximately USD 44.0 million of non-cash straight-line leasing revenue. The 2014 Outlook for site leasing revenue, Tower Cash Flow, Adjusted EBITDA and AFFO includes an assumed negative impact of USD 16.2 million associated with iDEN lease terminations, which from a timing perspective have been assumed to occur on the basis least favorable to SBA per previously negotiated contractual rights. The company intends to spend additional capital in 2014 on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2014 guidance. Total revenues are expected in the range of USD 1,401.0 million to USD 1,441.0 million. Adjusted EBITDA is expected in the range of USD 909.0 million to USD 929.0 million a year ago. Net cash interest expense is expected in the range of USD 279.0 million to USD 289.0 million. Capital expenditures are expected in the range of USD 20.0 million to USD 25.0 million. AFFO is expected in the range of USD 589.0 million to USD 625.0 million. Discretionary cash capital expenditures are expected in the range of USD 1,120 million to USD 1,150 million. For the first quarter ended March 31, 2014, the company expected total revenues in the range of USD 327.5 million to USD 337.5 million. Tower cash flow is expected to be in the range of USD 226.5 million to USD 231.5 million. Adjusted EBITDA is expected to be in the range of USD 212.5 million to USD 217.5 million. Net cash interest expense is expected in the range of USD 65.0 million to USD 67.0 million. Capital expenditures are expected in the range of USD 5.0 million to USD 6.0 million. AFFO is expected in the range of USD 138.0 million to USD 146.0 million. Discretionary cash capital expenditures is expected in the range of USD 940.0 million to USD 960.0 million. Asset impairment and decommission costs for the fourth quarter of 2013 was USD 12.555 million compared to USD 3.828 million a year ago.

SBA Communications Seeks Acquisitions

SBA Communications Corp. (NasdaqGS:SBAC) is looking for acquisition opportunities. SBA intends spend additional capital in 2014 on acquiring revenue producing assets not yet identified or under contract, the impact of which is not reflected in the 2014 guidance.

 

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SBAC

Industry Average

Valuation SBAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.0x
Price/Book 32.8x
Price/Cash Flow 24.6x
TEV/Sales 4.4x
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