Zacks: Analysts Expect Lamar Advertising Co (NASDAQ:LAMR) to Announce $1.58 EPS

Share on StockTwits

Brokerages predict that Lamar Advertising Co (NASDAQ:LAMR) will report earnings of $1.58 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings per share of $1.51 during the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The business is expected to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Lamar Advertising will report full year earnings of $5.83 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the company will post earnings of $6.33 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.42). Lamar Advertising had a return on equity of 32.10% and a net margin of 21.39%. The company had revenue of $448.74 million for the quarter, compared to analyst estimates of $451.85 million. During the same period in the previous year, the business posted $1.02 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year.

Several analysts have recently commented on the company. ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub cut Lamar Advertising from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $81.25.

Shares of LAMR traded down $1.69 during mid-day trading on Friday, hitting $74.56. The company’s stock had a trading volume of 337,669 shares, compared to its average volume of 385,958. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.33. The firm has a 50-day simple moving average of $79.25 and a 200 day simple moving average of $79.54. The firm has a market capitalization of $7.65 billion, a P/E ratio of 13.56 and a beta of 0.95. Lamar Advertising has a 1-year low of $64.51 and a 1-year high of $84.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in shares of Lamar Advertising by 169.5% in the 1st quarter. Parallel Advisors LLC now owns 318 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 200 shares during the period. First Interstate Bank acquired a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $27,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Lamar Advertising in the 2nd quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new stake in shares of Lamar Advertising in the 1st quarter valued at approximately $39,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Lamar Advertising in the 1st quarter valued at approximately $40,000. 80.96% of the stock is owned by institutional investors and hedge funds.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 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.

Featured Article: Front-End Load

Get a free copy of the Zacks research report on Lamar Advertising (LAMR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lamar Advertising (NASDAQ:LAMR)

Receive News & Ratings for Lamar Advertising Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head-To-Head Review: Jerash Holdings   & Its Competitors
Head-To-Head Review: Jerash Holdings & Its Competitors
Analyzing Provectus Biopharmaceuticals  & Abbott Laboratories
Analyzing Provectus Biopharmaceuticals & Abbott Laboratories
Head to Head Comparison: Cyberark Software  vs. Red Violet
Head to Head Comparison: Cyberark Software vs. Red Violet
Ubiquiti  Cut to Hold at Zacks Investment Research
Ubiquiti Cut to Hold at Zacks Investment Research
Zacks Investment Research Lowers Stellus Capital Investment  to Sell
Zacks Investment Research Lowers Stellus Capital Investment to Sell
Playa Hotels & Resorts  Upgraded at Zacks Investment Research
Playa Hotels & Resorts Upgraded at Zacks Investment Research


 
© 2006-2019 Zolmax.