SBA Communications Corporation Reports First Quarter 2024 Results; Updates Full Year 2024 Outlook; and Declares Quarterly Cash Dividend
SBA Communications Corporation - Class A (SBAC)
Last sba communications corporation - class a earnings: 2/20 04:01 pm
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US:NASDAQ Investor Relations:
ir.sbasite.com
Company Research
Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--SBA Communications Corporation (Nasdaq: SBAC) ("SBA" or the "Company") today reported results for the quarter ended March 31, 2024.Highlights of the first quarter include:Net income of $154.5 million or $1.42 per shareAFFO per share of $3.29, representing a 5.1% growth over the prior year periodIssued a new senior secured Term Loan B and increased and extended the maturity of the senior secured revolving credit facilityRepurchased 0.9 million shares cumulatively in the first quarter and subsequent to quarter endIn addition, the Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.98 per share of the Company’s Class A Common Stock. The distribution is payable June 19, 2024 to the shareholders of record at the close of business on May 23, 2024.“We had a solid start to 2024, producing operating and financial results in line with our expectations,” commented Brendan Cavanagh, President and Chief Executive O
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News
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- SBA Communications Co. (NASDAQ: SBAC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- SBA Communications Co. (NASDAQ: SBAC) had its price target lowered by analysts at Royal Bank of Canada from $250.00 to $235.00. They now have an "outperform" rating on the stock.MarketBeat
- SBA Communications Corporation to Speak at The JP Morgan 52nd Annual Global Technology, Media and Communications ConferenceBusiness Wire
SBAC
Earnings
- 4/29/24 - Miss
SBAC
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form 10-Q
- 5/3/24 - Form 4
- SBAC's page on the SEC website