Equities research analysts expect Lamar Advertising Co (NASDAQ:LAMR) to announce earnings of $1.47 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lamar Advertising’s earnings. Lamar Advertising posted earnings per share of $1.40 in the same quarter last year, which suggests a positive year over year growth rate of 5%. The company is scheduled to announce its next quarterly earnings report on Monday, November 5th.
On average, analysts expect that Lamar Advertising will report full year earnings of $5.38 per share for the current year. For the next year, analysts anticipate that the company will post earnings of $5.81 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.06. Lamar Advertising had a return on equity of 27.75% and a net margin of 18.93%. The business had revenue of $419.80 million for the quarter, compared to analysts’ expectations of $416.75 million. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis.
LAMR has been the topic of several analyst reports. TheStreet upgraded Lamar Advertising from a “c+” rating to a “b-” rating in a report on Wednesday, June 6th. BidaskClub upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Zacks Investment Research upgraded Lamar Advertising from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Monday, June 18th. Finally, ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $77.33.
Institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank boosted its holdings in Lamar Advertising by 658.8% in the second quarter. Toronto Dominion Bank now owns 15,175 shares of the real estate investment trust’s stock valued at $1,037,000 after acquiring an additional 13,175 shares during the last quarter. Private Advisor Group LLC acquired a new position in Lamar Advertising in the second quarter valued at $366,000. Schwab Charles Investment Management Inc. boosted its holdings in Lamar Advertising by 11.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 442,736 shares of the real estate investment trust’s stock valued at $30,244,000 after acquiring an additional 45,636 shares during the last quarter. BTIM Corp. boosted its holdings in Lamar Advertising by 5.6% in the second quarter. BTIM Corp. now owns 155,221 shares of the real estate investment trust’s stock valued at $10,603,000 after acquiring an additional 8,177 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in Lamar Advertising by 16.2% in the first quarter. Schroder Investment Management Group now owns 1,122,251 shares of the real estate investment trust’s stock valued at $71,442,000 after acquiring an additional 156,228 shares during the last quarter. Hedge funds and other institutional investors own 83.46% of the company’s stock.
LAMR stock opened at $77.78 on Tuesday. Lamar Advertising has a 52-week low of $61.36 and a 52-week high of $79.40. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $7.60 billion, a PE ratio of 15.40 and a beta of 1.13.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Thursday, September 13th. Lamar Advertising’s payout ratio is currently 72.08%.
About Lamar Advertising
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.
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