Lamar Advertising (LAMR) Releases Quarterly Earnings, Misses Estimates By $0.23 EPS
Lamar Advertising (NASDAQ:LAMR) released its earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.23, American Banking News.com reports. The company had revenue of $330.40 million for the quarter, compared to the consensus estimate of $333.27 million.
Lamar Advertising (NASDAQ:LAMR) opened at 50.07 on Thursday. Lamar Advertising has a one year low of $41.36 and a one year high of $54.48. The stock has a 50-day moving average of $51.93 and a 200-day moving average of $51.02. The company has a market cap of $4.764 billion and a price-to-earnings ratio of 106.11.
A number of analysts have recently weighed in on LAMR shares. Analysts at Morgan Stanley downgraded shares of Lamar Advertising from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Analysts at Zacks upgraded shares of Lamar Advertising from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 13th. They now have a $61.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $56.21.
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.
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