Lamar Advertising (LAMR) Scheduled to Post Quarterly Earnings on Friday

Lamar Advertising (NASDAQ:LAMR) is set to release its earnings data before the market opens on Friday, November 8th. Analysts expect Lamar Advertising to post earnings of $2.17 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). The company had revenue of $565.25 million for the quarter, compared to analysts’ expectations of $564.96 million. Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. On average, analysts expect Lamar Advertising to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Lamar Advertising Stock Down 1.5 %

NASDAQ LAMR opened at $132.00 on Friday. Lamar Advertising has a fifty-two week low of $80.59 and a fifty-two week high of $139.88. The stock has a market cap of $13.50 billion, a PE ratio of 26.77 and a beta of 1.52. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 2.31. The business has a 50 day moving average price of $130.72 and a two-hundred day moving average price of $121.99.

Lamar Advertising Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 18th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. This represents a $5.60 annualized dividend and a yield of 4.24%. Lamar Advertising’s dividend payout ratio (DPR) is 113.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup lowered shares of Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 target price for the company. in a research note on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. TD Cowen boosted their price objective on Lamar Advertising from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company began coverage on shares of Lamar Advertising in a research report on Thursday, September 19th. They issued an “equal weight” rating and a $132.00 target price on the stock. Finally, StockNews.com upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.00.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.