Several investment groups have increased their holdings in
SBA Communications Co. (NASDAQ:SBAC), including Victory Capital Management and Charles Schwab Investment Management. At the same time, there have been reductions made by others such as Mutual of America Capital Management and Oppenheimer & Co. The Q4 2024 Earnings Call revealed
strong domestic growth for SBAC. During Deutsche Bank and Raymond James Conferences, the company revealed
growth strategies moving forward. The Q4 earnings snapshot highlighted a
dividend hike and better-than-expected AFFO and revenues. However, the EPS missed estimates by $1.61. Cavanagh, SBA's CEO and the company's CFO both revealed
future growth strategies at major tech conferences. SBAC has announced a quarterly dividend of $0.98, and increased this to $1.11 per share soon after. It has also established a strategic partnership with Millicom for towers in Central America. Despite struggles,
analysts feel positive about the company's position for long-term gains, with several firms providing increased price targets.
Sba Communications Corp SBAC News Analytics from Tue, 21 May 2024 07:00:00 GMT to Sat, 08 Mar 2025 08:33:19 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 4
