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.
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