Lamar Advertising Company (NASDAQ:LAMR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.09-3.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.12.

Several research firms have recently commented on LAMR. ValuEngine upgraded shares of Lamar Advertising from a hold rating to a buy rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Lamar Advertising from a sell rating to a hold rating in a report on Tuesday, July 4th. Wells Fargo & Company cut shares of Lamar Advertising from an outperform rating to a market perform rating in a report on Wednesday, July 26th. BidaskClub cut shares of Lamar Advertising from a hold rating to a sell rating in a report on Monday, July 17th. Finally, MKM Partners restated a neutral rating and set a $72.00 price target (down from $73.00) on shares of Lamar Advertising in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Lamar Advertising presently has an average rating of Hold and a consensus target price of $77.25.

Lamar Advertising Company (LAMR) opened at 64.42 on Tuesday. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 21.93 and a beta of 1.12. Lamar Advertising Company has a 52-week low of $58.68 and a 52-week high of $79.09.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $397.10 million during the quarter, compared to analyst estimates of $399.09 million. Lamar Advertising had a net margin of 19.18% and a return on equity of 27.42%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. On average, equities analysts expect that Lamar Advertising Company will post $3.12 EPS for the current fiscal year.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 20,000 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $70.61, for a total value of $1,412,200.00. Following the completion of the sale, the director now owns 5,970 shares in the company, valued at $421,541.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 18.66% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Lamar Advertising Company (LAMR) Updates FY17 Earnings Guidance” was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/08/lamar-advertising-company-lamr-updates-fy17-earnings-guidance.html.

Lamar Advertising Company Profile

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.

Receive News & Ratings for Lamar Advertising Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising Company and related companies with MarketBeat.com's FREE daily email newsletter.