Equities research analysts forecast that Lamar Advertising Company (NASDAQ:LAMR) will report earnings per share of $1.31 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings per share of $1.37 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 8th.
On average, analysts expect that Lamar Advertising will report full-year earnings of $4.83 per share for the current financial year. For the next year, analysts anticipate that the company will post earnings of $5.05 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, May 4th. The real estate investment trust reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.49. Lamar Advertising 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 quarter last year, the business earned $0.95 EPS. Lamar Advertising’s revenue was up 2.3% on a year-over-year basis.
LAMR has been the topic of several recent research reports. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Loop Capital reiterated a “buy” rating and issued a $87.00 price objective on shares of Lamar Advertising in a research report on Friday, June 9th. BidaskClub upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, MKM Partners reiterated a “neutral” rating and issued a $72.00 price objective (down previously from $73.00) on shares of Lamar Advertising in a research report on Friday, May 5th. One 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 company’s stock. The company has a consensus rating of “Hold” and an average price target of $74.60.
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In related news, Director Stephen P. Mumblow sold 20,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $70.61, for a total value of $1,412,200.00. Following the sale, the director now owns 5,970 shares in the company, valued at $421,541.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 18.66% of the company’s stock.
Several large investors have recently modified their holdings of LAMR. Penserra Capital Management LLC purchased a new position in Lamar Advertising during the first quarter worth approximately $169,000. HL Financial Services LLC purchased a new position in Lamar Advertising during the first quarter worth approximately $217,000. Creative Planning boosted its position in Lamar Advertising by 11.1% in the first quarter. Creative Planning now owns 2,906 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 290 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Lamar Advertising during the first quarter worth approximately $220,000. Finally, Wedbush Securities Inc. purchased a new position in Lamar Advertising during the first quarter worth approximately $226,000. Institutional investors own 85.75% of the company’s stock.
Lamar Advertising (NASDAQ:LAMR) opened at 71.01 on Thursday. The firm’s 50-day moving average price is $72.19 and its 200-day moving average price is $73.31. Lamar Advertising has a 1-year low of $58.68 and a 1-year high of $79.09.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.68%. Lamar Advertising’s dividend payout ratio (DPR) is presently 112.93%.
Lamar Advertising 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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