Zacks: Brokerages Expect Lamar Advertising (LAMR) Will Post Quarterly Sales of $396.20 Million

Equities research analysts expect that Lamar Advertising (NASDAQ:LAMR) will announce sales of $396.20 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 $393.50 million and the highest is $398.90 million. Lamar Advertising reported sales of $386.72 million during the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The company is scheduled to report its next 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 $1.53 billion to $1.54 billion. For the next year, analysts forecast that the firm will report sales of $1.59 billion per share, with estimates ranging from $1.57 billion to $1.61 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 quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.34). The firm had revenue of $399.30 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted $0.87 EPS.

A number of analysts have weighed in on LAMR shares. Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price on the stock. in a research report on Wednesday, December 20th. Finally, ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.75.

Shares of Lamar Advertising (LAMR) opened at $67.93 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. The stock has a market cap of $6,727.76, a P/E ratio of 21.57, a P/E/G ratio of 4.43 and a beta of 1.02. Lamar Advertising has a 52-week low of $62.45 and a 52-week high of $79.17.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the sale, the director now owns 11,031 shares in the company, valued at $864,058.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 14.70% of the company’s stock.

Several large investors have recently modified their holdings of LAMR. FMR LLC lifted its holdings in shares of Lamar Advertising by 22.7% during the second quarter. FMR LLC now owns 923,416 shares of the real estate investment trust’s stock worth $67,936,000 after purchasing an additional 171,001 shares during the period. Advisor Group Inc. lifted its holdings in shares of Lamar Advertising by 22.9% during the second quarter. Advisor Group Inc. now owns 4,029 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 752 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Lamar Advertising by 2.7% during the second quarter. Parametric Portfolio Associates LLC now owns 120,632 shares of the real estate investment trust’s stock worth $8,875,000 after purchasing an additional 3,206 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lamar Advertising by 2,271.1% during the second quarter. Dimensional Fund Advisors LP now owns 216,318 shares of the real estate investment trust’s stock worth $15,914,000 after purchasing an additional 207,195 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Lamar Advertising by 29.9% during the second quarter. Voya Investment Management LLC now owns 42,815 shares of the real estate investment trust’s stock worth $3,150,000 after purchasing an additional 9,857 shares during the period. Institutional investors own 84.37% of the company’s stock.

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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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