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Lamar Advertising (NASDAQ:LAMR) announced a quarterly dividend on Wednesday, August 27th, American Banking News reports. Stockholders of record on Monday, September 22nd will be paid a dividend of 0.83 per share on Tuesday, September 30th. This represents a $3.32 annualized dividend and a dividend yield of 6.35%.

Several analysts have recently commented on the stock. Analysts at Evercore Partners reiterated an “overweight” rating on shares of Lamar Advertising in a research note on Wednesday, August 13th. They now have a $57.00 price target on the stock, down previously from $59.00. On the ratings front, analysts at Topeka Capital Markets cut their price target on shares of Lamar Advertising from $65.00 to $62.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $56.93.

Shares of Lamar Advertising (NASDAQ:LAMR) opened at 52.245 on Wednesday. Lamar Advertising has a 52 week low of $41.36 and a 52 week high of $54.48. The stock has a 50-day moving average of $51.62 and a 200-day moving average of $51.21. The company has a market cap of $4.978 billion and a price-to-earnings ratio of 131.70. Lamar Advertising also was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 7,640,737 shares, a drop of 18.5% from the July 31st total of 9,370,059 shares. Approximately 9.6% of the shares of the company are short sold. Based on an average trading volume of 1,635,610 shares, the days-to-cover ratio is presently 4.7 days.

Lamar Advertising (NASDAQ:LAMR) last released its earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.23. The company had revenue of $330.40 million for the quarter, compared to the consensus estimate of $333.27 million. During the same quarter last year, the company posted $0.22 earnings per share. Lamar Advertising’s revenue was up .8% compared to the same quarter last year. Analysts expect that Lamar Advertising will post $0.91 EPS for the current fiscal year.

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment.

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