Lamar Advertising (LAMR) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS
Lamar Advertising (NASDAQ:LAMR) released its earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.06 by $0.11, Analyst Ratings Network.com reports. The company had revenue of $284.90 million for the quarter, compared to the consensus estimate of $292.40 million.
Shares of Lamar Advertising (NASDAQ:LAMR) opened at 49.68 on Wednesday. Lamar Advertising has a 1-year low of $41.30 and a 1-year high of $54.48. The stock’s 50-day moving average is $51.1 and its 200-day moving average is $50.43. The company has a market cap of $4.711 billion and a P/E ratio of 118.57.
A number of analysts have recently weighed in on LAMR shares. Analysts at Wedbush downgraded shares of Lamar Advertising from an “outperform” rating to a “neutral” rating in a research note on Friday, April 25th. They now have a $57.00 price target on the stock. They noted that the move was a valuation call. On a related note, analysts at Goldman Sachs downgraded shares of Lamar Advertising from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 5th. They now have a $57.00 price target on the stock, up previously from $56.00. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lamar Advertising in a research note on Friday, February 28th. They now have a $54.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Lamar Advertising currently has a consensus rating of “Buy” and an average target price of $55.44.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.
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