Wall Street analysts expect Lamar Advertising Co (NASDAQ:LAMR) to announce $464.01 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Lamar Advertising’s earnings, with the highest sales estimate coming in at $466.41 million and the lowest estimate coming in at $461.60 million. Lamar Advertising posted sales of $427.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.4%. The company is scheduled to report its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Lamar Advertising will report full-year sales of $1.75 billion for the current financial year, with estimates ranging from $1.75 billion to $1.76 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.82 billion, with estimates ranging from $1.82 billion to $1.83 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.08). The firm had revenue of $457.80 million during the quarter, compared to analysts’ expectations of $452.91 million. Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. Lamar Advertising’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS.
LAMR has been the topic of a number of recent research reports. Imperial Capital dropped their target price on Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. They noted that the move was a valuation call. BidaskClub lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. ValuEngine lowered Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Finally, Citigroup upped their price objective on Lamar Advertising from $74.00 to $75.00 and gave the stock a “sell” rating in a research report on Wednesday, November 13th. Three research 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. The company currently has an average rating of “Hold” and a consensus price target of $79.60.
Shares of NASDAQ LAMR opened at $83.42 on Tuesday. The business’s 50 day moving average price is $81.87 and its 200 day moving average price is $80.22. The firm has a market cap of $8.28 billion, a P/E ratio of 15.17 and a beta of 0.95. Lamar Advertising has a 52 week low of $64.51 and a 52 week high of $84.71. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 3.32.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $79.81, for a total value of $279,335.00. Following the sale, the director now owns 5,580 shares in the company, valued at approximately $445,339.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 15.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. 6 Meridian boosted its position in Lamar Advertising by 2.0% in the 2nd quarter. 6 Meridian now owns 6,540 shares of the real estate investment trust’s stock worth $528,000 after purchasing an additional 131 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in shares of Lamar Advertising by 55.6% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 400 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 143 shares during the period. LS Investment Advisors LLC raised its stake in shares of Lamar Advertising by 3.3% during the 3rd quarter. LS Investment Advisors LLC now owns 4,531 shares of the real estate investment trust’s stock worth $371,000 after buying an additional 145 shares during the period. Cullen Frost Bankers Inc. raised its stake in shares of Lamar Advertising by 34.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 673 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 173 shares during the period. Finally, Miracle Mile Advisors LLC raised its stake in shares of Lamar Advertising by 1.2% during the 2nd quarter. Miracle Mile Advisors LLC now owns 14,922 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.
About Lamar Advertising
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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