SBA Communications' (SBAC) Q4 AFFO Beat, Dividend Hiked [Yahoo! Finance]
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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Source: Yahoo! Finance
The figure also reflects a rise of 8% from the prior-year quarter. SBAC witnessed an improvement in site-leasing revenues during the quarter. It continues to benefit from the addition of sites to its portfolio. However, site development posted lower revenues, which affected the top line to some extent. It also announced an increase in dividends and issued its 2024 outlook. Quarterly total revenues decreased 1.6% year over year to $675 million. The figure also missed the Zacks Consensus Estimate of $683.8 million. Brendan Cavanagh, the president and CEO of the company, said, “We had a strong finish to 2023, exceeding our outlook for Site Leasing Revenue, Tower Cash Flow, Adjusted EBITDA and AFFO. While domestic carrier activity was at a low level by historical standards during 2023, a significant percentage of our sites still require 5G-related upgrades, and with the growing success of products such as Fixed Wireless Access, the demand for improved speeds, lower latency and great
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SBAC
News
- SBA Communications: Value Investors Having The Last Laugh [Seeking Alpha]Seeking Alpha
- SBA Communications Corporation (NASDAQ:SBAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SBA Communications' (SBAC) Q1 AFFO & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- SBA Communications Corporation to Speak at the MoffettNathanson 2024 Media and Communications ConferenceBusiness Wire
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Citigroup Inc. from $290.00 to $260.00. They now have a "buy" rating on the stock.MarketBeat
SBAC
Earnings
- 4/29/24 - Miss
SBAC
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- SBAC's page on the SEC website