$1.68 EPS Expected for Lamar Advertising Co (NASDAQ:LAMR) This Quarter

Equities research analysts forecast that Lamar Advertising Co (NASDAQ:LAMR) will report $1.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lamar Advertising’s earnings. Lamar Advertising posted earnings per share of $1.48 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.5%. The business is expected to announce its next earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Lamar Advertising will report full-year earnings of $5.81 per share for the current year. For the next year, analysts expect that the company will post earnings of $6.15 per share. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.08). The firm had revenue of $457.80 million during the quarter, compared to analyst estimates of $452.91 million. Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS.

A number of analysts have commented on the stock. BidaskClub cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. ValuEngine upgraded shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research note on Saturday, December 7th. Finally, Imperial Capital cut their price target on shares of Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.50.

LAMR stock traded down $0.97 during trading hours on Tuesday, reaching $85.44. The stock had a trading volume of 212 shares, compared to its average volume of 326,960. The stock has a market capitalization of $8.73 billion, a PE ratio of 15.51 and a beta of 0.95. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $83.09 and a 200 day simple moving average of $80.59. Lamar Advertising has a fifty-two week low of $64.51 and a fifty-two week high of $87.60.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date of this dividend is Friday, December 13th. Lamar Advertising’s dividend payout ratio is currently 69.82%.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.81, for a total value of $279,335.00. Following the completion of the sale, the director now owns 5,580 shares in the company, valued at $445,339.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 15.19% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. First Interstate Bank bought a new position in shares of Lamar Advertising in the second quarter valued at about $27,000. CENTRAL TRUST Co bought a new position in shares of Lamar Advertising in the third quarter valued at about $28,000. Kistler Tiffany Companies LLC raised its position in shares of Lamar Advertising by 55.6% in the third quarter. Kistler Tiffany Companies LLC now owns 400 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 143 shares during the period. Usca Ria LLC bought a new position in shares of Lamar Advertising in the third quarter valued at about $36,000. Finally, Ossiam bought a new position in shares of Lamar Advertising in the second quarter valued at about $49,000. 79.31% of the stock is currently owned by institutional investors.

About Lamar Advertising

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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