Press coverage about Lamar Advertising Company (NASDAQ:LAMR) has trended positive on Tuesday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising Company earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 78 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Lamar Advertising Company (LAMR) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Ole Miss to purchase Baptist hospital for $22M (finance.yahoo.com)
- Lamar Advertising Co. : LAMR-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 15, 2017 (finance.yahoo.com)
- ETFs with exposure to Lamar Advertising Co. : June 15, 2017 (finance.yahoo.com)
LAMR has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Lamar Advertising Company from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. MKM Partners reaffirmed a “neutral” rating and set a $72.00 price target (down previously from $73.00) on shares of Lamar Advertising Company in a research report on Friday, May 5th. ValuEngine lowered shares of Lamar Advertising Company from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Loop Capital reaffirmed a “buy” rating and set a $87.00 price target on shares of Lamar Advertising Company in a research report on Friday, June 9th. Finally, BidaskClub raised shares of Lamar Advertising Company from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $74.60.
Lamar Advertising Company (NASDAQ:LAMR) traded down 1.11% during midday trading on Tuesday, hitting $74.04. 480,425 shares of the stock traded hands. The company has a 50-day moving average price of $70.66 and a 200-day moving average price of $72.48. The firm has a market cap of $7.25 billion, a P/E ratio of 25.20 and a beta of 1.21. Lamar Advertising Company has a 1-year low of $58.68 and a 1-year high of $79.09.
Lamar Advertising Company (NASDAQ:LAMR) last announced its earnings results on Thursday, May 4th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.49. Lamar Advertising Company had a return on equity of 27.42% and a net margin of 19.18%. The company had revenue of $346.40 million for the quarter, compared to the consensus estimate of $347.06 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Analysts predict that Lamar Advertising Company will post $3.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, June 13th. Lamar Advertising Company’s dividend payout ratio (DPR) is currently 112.93%.
In other Lamar Advertising Company news, Director Anna Reilly sold 50,000 shares of Lamar Advertising Company stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $74.83, for a total transaction of $3,741,500.00. Following the sale, the director now owns 141,859 shares in the company, valued at $10,615,308.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising Company stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $70.61, for a total transaction of $1,412,200.00. Following the sale, the director now owns 5,970 shares in the company, valued at approximately $421,541.70. The disclosure for this sale can be found here. Insiders own 18.66% of the company’s stock.
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Lamar Advertising Company Company Profile
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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