Lamar Advertising (NASDAQ:LAMR) has been assigned a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $73.40.
LAMR has been the subject of several recent analyst reports. Morgan Stanley decreased 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. ValuEngine raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Finally, Citigroup downgraded shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price objective for the company. in a report on Wednesday, December 20th.
In related news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total transaction of $313,320.00. Following the completion of the sale, the director now directly owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.70% of the stock is currently owned by corporate insiders.
Lamar Advertising (NASDAQ LAMR) traded down $0.75 during mid-day trading on Friday, reaching $71.52. 516,100 shares of the company’s stock traded hands, compared to its average volume of 511,800. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55. The company has a market capitalization of $6,010.00, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 4.69 and a beta of 1.15. Lamar Advertising has a 12 month low of $62.45 and a 12 month high of $79.17.
Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.34). The business had revenue of $399.30 million during the quarter, compared to the consensus estimate of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. sell-side analysts expect that Lamar Advertising will post 4.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 4.64%. Lamar Advertising’s dividend payout ratio is currently 105.06%.
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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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