Stocks to Track: SBA Communications Corporation (NASDAQ:SBAC), Dollar Tree, Inc. (NASDAQ:DLTR), OneMain Holdings Inc (NYSE:OMF)

On Friday, Shares of SBA Communications Corporation (NASDAQ:SBAC), subtract -1.07% and closed at $98.93 in the last trading session. The last trading range of the stock ranges between $98.75 and $101.13. SBA Communications Corporation (SBAC) (“SBA” or the “Company”) recently stated results for the quarter ended September 30, 2016.

“The third quarter was another solid quarter for SBA,” commented Jeffrey A. Stoops, President and Chief Executive Officer.  “Organic leasing demand was steady, consistent with both the type and amount of customer activity practiced all year.  Amendment activity in the U.S. was very strong, with our customers adding to or modifying existing macro sites to refarm 2G and 3G uses to 4G LTE or to add new spectrum to their networks.  In our international markets, customer activity was more balanced between new macro sites and additions or modifications to existing macro sites.  Our Outlook for the Fourth Quarter of 2016 assumes customer activity remains materially the same as we have practiced during the first three quarters of the year.  We executed very well in the third quarter, producing once again industry-leading operating margins.  We allocated capital in the quarter opportunistically and in our opinion very attractively, spread among portfolio growth, stock repurchases and ground purchases. We ended the quarter within our target leverage range.  Finally, we accomplished a refinancing of a material portion of our indebtedness on very favorable terms, substantially reducing our interest costs on that portion of our capital structure.  AFFO continues to increase, and our share count continues to decrease. We expect this same trend to continue in the fourth quarter. Our third quarter success in each of these areas, organic growth, operating performance, asset growth, stock repurchases and financing, positively contributes to our long term aim of producing AFFO of $10 or more per share in 2020.”

Dollar Tree, Inc. (NASDAQ:DLTR), jumped 0.79% and closed at $77.81 in the last trading session. The last trading range of the stock ranges between $76.93 and $78.73. The company’s Market capitalization is $18.49 Billion with the total Outstanding Shares of 235.78 million. Dollar Tree, Inc. operates discount retail stores in the United States and Canada. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, counting candy and food, and health and beauty care products, in addition to everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise, counting toys, durable housewares, gifts, stationery products, party goods, greeting cards, softlines, and other items; and seasonal goods consisting of Valentine’s Day, Easter, Halloween, and Christmas merchandise. This segment operates under the Dollar Tree, Dollar Tree Canada, Deals, and Dollar Tree Deals brands, in addition to 10 distribution centers in the United States and 2 in Canada, and a store support center in Chesapeake, Virginia. The Family Dollar segment offers consumable merchandise, counting food, tobacco, health and beauty aids, household chemicals, paper products, hardware and automotive supplies, diapers, batteries, and pet food and supplies; home products, such as housewares, home décor, and giftware, in addition to blankets, sheets, and towels; apparel and accessories merchandise, counting clothing, fashion accessories, and shoes; and seasonal and electronics merchandise, such as Valentine’s Day, Easter, Halloween, and Christmas merchandise, in addition to personal electronics consisting of pre-paid cellular phones and services, stationery and school supplies, and toys.

OneMain Holdings Inc (NYSE:OMF), jumped 6.18% and closed at $19.40 in the last trading session. The last trading range of the stock ranges between $18.23 and $19.64.The company stock’s 52-week range is $16.03 – $51.39. OneMain Holdings, Inc., through its auxiliaries, provides consumer finance and insurance products and services. It provides personal loans secured by consumer household goods, and other personal property; unsecured loans; and loans secured by subordinate residential real estate mortgages. The company also offers auto loans for purchasing new vehicles, in addition to to pay off the existing auto loans. In addition, it writes credit life, disability, credit involuntary unemployment, and credit related property and casualty insurance products, in addition to non-credit insurance products; and offers home and auto membership plans. As of April 27, 2016, it offered services at 1,800 branches in 43 states. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015.

Leave a Reply

Your email address will not be published. Required fields are marked *