SBA Communications Corporation Reports Second Quarter 2019 Results
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July 30, 2019 8:03 AM EDT
KeyBanc analyst Brandon Nispel raised the price target on SBA Communications (NASDAQ: SBAC) to $259.00 (from $252.00) while maintaining an Overweight rating following results and a with a very bullish scenario looming from TMUS/S and DISH.
The analyst commented, "We remain Overweight SBAC. 2Q... More
July 30, 2019 5:29 AM EDT
Cowen analyst Colby Synesael raised the price target on SBA Communications (NASDAQ: SBAC) to $250.00 (from $203.00) while maintaining a Outperform rating.
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July 29, 2019 4:03 PM EDT
(Updated - July 29, 2019 4:04 PM EDT)
SBA Communications (NASDAQ: SBAC) reported Q2 EPS of $0.28, $0.06 better than the analyst estimate of $0.22. Revenue for the quarter came in at $500.15 million versus the consensus estimate of $488.6 million.
Highlights of the second quarter include:
Strong operating results in both the leasing and site development businessesNet income of $32.0 million or $0.28 per shareAFFO per share growth of 15.8% over the year earlier period on a constant currency basisWill increase investment in and consolidate Atlas Tower South Africa, adding approximately 900 sites and a substantial...
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