Headlines about Lamar Advertising (NASDAQ:LAMR) have been trending somewhat positive on Friday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.2883922612871 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Lamar Advertising (LAMR) opened at $72.57 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. The stock has a market cap of $6,040.00, a PE ratio of 22.97, a price-to-earnings-growth ratio of 4.64 and a beta of 1.15. Lamar Advertising has a 52-week low of $62.45 and a 52-week high of $79.17.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). The firm had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. equities analysts expect that Lamar Advertising will post 4.84 EPS for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub cut shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup cut shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a research report on Wednesday, December 20th. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Morgan Stanley cut their target price on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.40.
In other news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction that occurred 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 owns 11,031 shares of the company’s stock, valued at $864,058.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 14.70% of the company’s stock.
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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