Lamar Advertising Company (LAMR) to Release Quarterly Earnings on Monday
Lamar Advertising Company (NASDAQ:LAMR) is scheduled to announce its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $1.32 per share for the quarter. Lamar Advertising has set its FY17 guidance at $3.09-3.19 EPS.
Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.37). Lamar Advertising had a return on equity of 28.21% and a net margin of 19.75%. The business had revenue of $397.10 million during the quarter, compared to analysts’ expectations of $399.09 million. During the same period last year, the company earned $0.84 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, analysts expect Lamar Advertising to post $4.84 EPS for the current fiscal year and $4.98 EPS for the next fiscal year.
Lamar Advertising Company (LAMR) traded up 2.46% during mid-day trading on Monday, reaching $70.41. 260,482 shares of the company were exchanged. The stock’s 50-day moving average price is $66.72 and its 200-day moving average price is $69.37. Lamar Advertising Company has a 1-year low of $58.68 and a 1-year high of $79.09. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 23.09 and a beta of 1.09.
LAMR has been the subject of a number of research reports. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Morgan Stanley reduced their price objective on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, September 18th. Zacks Investment Research upgraded Lamar Advertising from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Wells Fargo & Company cut Lamar Advertising from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 26th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $66.00 price objective (down previously from $69.00) on shares of Lamar Advertising in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $73.00.
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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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