$1.31 EPS Expected for Lamar Advertising Company (LAMR) This Quarter
Brokerages expect Lamar Advertising Company (NASDAQ:LAMR) to post earnings per share of $1.31 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lamar Advertising’s earnings. Lamar Advertising posted earnings per share of $1.37 during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.4%. The business is scheduled to report its next earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Lamar Advertising will report full-year earnings of $4.83 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $5.05 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.91 by $0.49. The firm had revenue of $346.40 million for the quarter, compared to the consensus estimate of $347.06 million. Lamar Advertising had a net margin of 19.18% and a return on equity of 27.42%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share.
A number of brokerages have weighed in on LAMR. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub cut shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday. MKM Partners reiterated a “neutral” rating and set a $72.00 price target (down from $73.00) on shares of Lamar Advertising in a research report on Friday, May 5th. Finally, Loop Capital reiterated a “buy” rating and set a $87.00 price target on shares of Lamar Advertising in a research report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $74.60.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 20,000 shares of Lamar Advertising stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total transaction of $1,412,200.00. Following the completion of the sale, the director now directly owns 5,970 shares in the company, valued at $421,541.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.66% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Integrated Wealth Management boosted its position in shares of Lamar Advertising by 3.7% in the first quarter. Integrated Wealth Management now owns 4,559 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 162 shares during the period. Capstone Asset Management Co. boosted its position in shares of Lamar Advertising by 2.5% in the first quarter. Capstone Asset Management Co. now owns 9,269 shares of the real estate investment trust’s stock worth $693,000 after buying an additional 230 shares during the period. First PREMIER Bank boosted its position in shares of Lamar Advertising by 120.3% in the first quarter. First PREMIER Bank now owns 13,247 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 7,235 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Lamar Advertising by 11.5% in the first quarter. Carroll Financial Associates Inc. now owns 5,777 shares of the real estate investment trust’s stock worth $431,000 after buying an additional 594 shares during the period. Finally, Creative Planning boosted its position in shares of Lamar Advertising by 11.1% in the first quarter. Creative Planning now owns 2,906 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.
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Lamar Advertising (LAMR) opened at 71.01 on Thursday. The company’s 50-day moving average is $72.19 and its 200 day moving average is $73.31. Lamar Advertising has a one year low of $58.68 and a one year high of $79.09.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Tuesday, June 13th. Lamar Advertising’s dividend payout ratio is presently 112.93%.
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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