Equities analysts expect Lamar Advertising Company (NASDAQ:LAMR) to announce $1.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings of $0.87 per share in the same quarter last year, which would indicate a positive year over year growth rate of 56.3%. The firm is expected to announce its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that Lamar Advertising will report full year earnings of $4.96 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $5.11 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last announced its earnings results on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.37). The business had revenue of $397.10 million during the quarter, compared to analyst estimates of $399.09 million. Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.

Several research analysts have commented on the company. ValuEngine raised Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley lowered their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, September 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $66.00 target price (down previously from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. BidaskClub cut shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, MKM Partners cut their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Lamar Advertising presently has a consensus rating of “Hold” and a consensus target price of $72.50.

Lamar Advertising (NASDAQ:LAMR) traded down 0.04% during mid-day trading on Tuesday, reaching $67.46. 222,179 shares of the company traded hands. Lamar Advertising has a 52-week low of $58.68 and a 52-week high of $79.09. The stock has a 50 day moving average price of $65.24 and a 200-day moving average price of $70.13.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Thursday, September 14th. Lamar Advertising’s dividend payout ratio (DPR) is presently 109.21%.

Several institutional investors have recently modified their holdings of LAMR. Westpac Banking Corp acquired a new position in Lamar Advertising in the second quarter worth about $176,000. Penserra Capital Management LLC grew its stake in shares of Lamar Advertising by 9.5% in the 2nd quarter. Penserra Capital Management LLC now owns 2,478 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 214 shares during the period. Verity Asset Management Inc. bought a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $204,000. Two Sigma Securities LLC bought a new stake in shares of Lamar Advertising in the 1st quarter valued at approximately $220,000. Finally, SPC Financial Inc. bought a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $221,000. Institutional investors and hedge funds own 85.05% of the company’s stock.

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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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