Brokerages predict that Lamar Advertising Company (NASDAQ:LAMR) will announce sales of $396.19 million for the current quarter, Zacks reports. Two analysts have issued estimates for Lamar Advertising’s earnings, with the highest sales estimate coming in at $398.90 million and the lowest estimate coming in at $393.49 million. Lamar Advertising posted sales of $386.72 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is expected to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Lamar Advertising will report full year sales of $396.19 million for the current fiscal year, with estimates ranging from $1.52 billion to $1.54 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.57 billion per share, with estimates ranging from $1.56 billion to $1.60 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). The firm had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. Lamar Advertising’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share.

LAMR has been the topic of a number of research analyst reports. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Morgan Stanley dropped their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Monday, September 18th. Wells Fargo & Company cut shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 26th. Citigroup Inc. reiterated a “neutral” rating and set a $66.00 price target (down previously from $69.00) on shares of Lamar Advertising in a report on Friday, August 11th. Finally, MKM Partners lowered their price target on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Lamar Advertising presently has an average rating of “Hold” and an average target price of $73.00.

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A number of hedge funds have recently added to or reduced their stakes in LAMR. Janus Henderson Group PLC purchased a new stake in Lamar Advertising in the 2nd quarter valued at $598,020,000. Victory Capital Management Inc. raised its position in Lamar Advertising by 81.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,403,223 shares of the real estate investment trust’s stock worth $176,805,000 after buying an additional 1,077,170 shares during the last quarter. BlackRock Inc. raised its position in Lamar Advertising by 7.5% during the 2nd quarter. BlackRock Inc. now owns 7,606,970 shares of the real estate investment trust’s stock worth $559,646,000 after buying an additional 528,392 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Lamar Advertising during the 2nd quarter worth $33,402,000. Finally, Renaissance Technologies LLC raised its position in Lamar Advertising by 251.7% during the 2nd quarter. Renaissance Technologies LLC now owns 391,800 shares of the real estate investment trust’s stock worth $28,825,000 after buying an additional 280,388 shares during the last quarter. Hedge funds and other institutional investors own 85.71% of the company’s stock.

Lamar Advertising (LAMR) traded down $0.38 during trading on Monday, hitting $75.02. 925,900 shares of the stock were exchanged, compared to its average volume of 737,193. The stock has a market cap of $7,384.29, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 5.18 and a beta of 1.14. Lamar Advertising has a twelve month low of $58.68 and a twelve month high of $79.09. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 2.23.

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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