Lamar Advertising (LAMR) Expected to Announce Earnings of $1.29 Per Share

Brokerages expect that Lamar Advertising (NASDAQ:LAMR) will post $1.29 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings of $1.32 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that Lamar Advertising will report full year earnings of $4.96 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $5.27 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The firm had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same period last year, the firm earned $0.87 EPS. Lamar Advertising’s quarterly revenue was up 3.0% on a year-over-year basis.

Several brokerages have recently issued reports on LAMR. Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $71.75.

Shares of Lamar Advertising (NASDAQ:LAMR) traded up $1.10 during mid-day trading on Friday, hitting $73.64. 683,131 shares of the stock traded hands, compared to its average volume of 340,506. Lamar Advertising has a one year low of $62.45 and a one year high of $79.17. The firm has a market cap of $7,140.19, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.70 and a beta of 1.15. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.51%. Lamar Advertising’s payout ratio is presently 105.40%.

In related news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the completion of the transaction, the director now directly owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 14.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in Lamar Advertising by 13.9% in the 4th quarter. State of Alaska Department of Revenue now owns 50,890 shares of the real estate investment trust’s stock worth $3,776,000 after purchasing an additional 6,200 shares during the period. Fox Run Management L.L.C. acquired a new position in Lamar Advertising in the 4th quarter worth $507,000. Schwab Charles Investment Management Inc. boosted its stake in Lamar Advertising by 5.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 365,885 shares of the real estate investment trust’s stock worth $27,164,000 after purchasing an additional 19,762 shares during the period. OLD Second National Bank of Aurora acquired a new position in Lamar Advertising in the 4th quarter worth $1,107,000. Finally, Solaris Asset Management LLC boosted its stake in Lamar Advertising by 12.5% in the 4th quarter. Solaris Asset Management LLC now owns 6,610 shares of the real estate investment trust’s stock worth $491,000 after purchasing an additional 735 shares during the period. 84.39% of the stock is owned by hedge funds and other institutional investors.

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About Lamar Advertising

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

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