Equities research analysts expect that Lamar Advertising Company (NASDAQ:LAMR) will announce sales of $393.08 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Lamar Advertising’s earnings. The lowest sales estimate is $392.82 million and the highest is $393.33 million. Lamar Advertising reported sales of $387.52 million during the same quarter last year, which indicates a positive year over year growth rate of 1.4%. The company is scheduled to report its next earnings report before the market opens on Monday, November 6th.

On average, analysts expect that Lamar Advertising will report full-year sales of $393.08 million for the current year, with estimates ranging from $1.52 billion to $1.53 billion. For the next year, analysts forecast that the firm will report sales of $1.57 billion per share, with estimates ranging from $1.56 billion to $1.58 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Lamar Advertising.

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

Several equities research analysts have commented on LAMR shares. Morgan Stanley cut their price target on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Monday, September 18th. BidaskClub cut shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. MKM Partners cut their price target on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Lamar Advertising from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Lamar Advertising currently has a consensus rating of “Hold” and an average price target of $73.00.

Several hedge funds have recently modified their holdings of the company. Oakbrook Investments LLC raised its holdings in shares of Lamar Advertising by 0.6% in the 2nd quarter. Oakbrook Investments LLC now owns 3,570 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 20 shares during the period. Atlantic Trust LLC raised its holdings in shares of Lamar Advertising by 0.6% in the 1st quarter. Atlantic Trust LLC now owns 8,980 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 50 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Lamar Advertising by 0.8% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,980 shares of the real estate investment trust’s stock valued at $634,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Lamar Advertising by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,185 shares of the real estate investment trust’s stock valued at $896,000 after purchasing an additional 86 shares during the period. Finally, Aureus Asset Management LLC raised its holdings in shares of Lamar Advertising by 1.6% in the 2nd quarter. Aureus Asset Management LLC now owns 6,005 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 94 shares during the period. 85.37% of the stock is currently owned by institutional investors.

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Lamar Advertising (NASDAQ:LAMR) opened at 66.90 on Tuesday. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 21.94 and a beta of 1.09. Lamar Advertising has a 12-month low of $58.68 and a 12-month high of $79.09. The firm’s 50-day moving average price is $66.41 and its 200 day moving average price is $69.45.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.83 dividend. The ex-dividend date was Thursday, September 14th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 4.96%. Lamar Advertising’s payout ratio is 109.21%.

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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