Wall Street brokerages expect Lamar Advertising (NASDAQ:LAMR) to report $396.20 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Lamar Advertising’s earnings, with the lowest sales estimate coming in at $393.50 million and the highest estimate coming in at $398.90 million. Lamar Advertising posted sales of $386.72 million during the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, February 27th.
On average, analysts expect that Lamar Advertising will report full-year sales of $396.20 million for the current year, with estimates ranging from $1.52 billion to $1.54 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.58 billion per share, with estimates ranging from $1.56 billion to $1.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.34). The company had revenue of $399.30 million for 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%. Lamar Advertising’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.87 EPS.
In related news, Director Stephen P. Mumblow sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the transaction, the director now owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. San Francisco Sentry Investment Group CA bought a new position in Lamar Advertising in the 3rd quarter valued at about $164,000. Argent Trust Co bought a new position in Lamar Advertising in the 3rd quarter valued at about $207,000. Alpha Cubed Investments LLC bought a new position in Lamar Advertising in the 3rd quarter valued at about $211,000. Timber Hill LLC bought a new position in Lamar Advertising in the 3rd quarter valued at about $227,000. Finally, Advisor Group Inc. lifted its position in shares of Lamar Advertising by 22.9% during the 2nd quarter. Advisor Group Inc. now owns 4,029 shares of the real estate investment trust’s stock worth $295,000 after buying an additional 752 shares in the last quarter. 84.39% of the stock is currently owned by institutional investors and hedge funds.
Lamar Advertising (NASDAQ LAMR) opened at $73.64 on Monday. The stock has a market cap of $7,248.46, a PE ratio of 23.38, a PEG ratio of 4.78 and a beta of 1.15. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. Lamar Advertising has a 1 year low of $62.45 and a 1 year high of $79.17.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 18th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.51%. Lamar Advertising’s payout ratio is 105.40%.
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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