Lamar Advertising Company (NASDAQ:LAMR – Get Free Report) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $154.6667.
A number of brokerages recently commented on LAMR. Wells Fargo & Company raised their price target on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Citigroup cut shares of Lamar Advertising from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $145.00 to $160.00 in a research report on Friday, July 10th. TD Cowen increased their price objective on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $153.00 target price on shares of Lamar Advertising in a report on Wednesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd.
Read Our Latest Analysis on LAMR
Institutional Investors Weigh In On Lamar Advertising
Lamar Advertising Trading Down 0.7%
Shares of NASDAQ:LAMR opened at $158.91 on Thursday. The company has a market capitalization of $16.12 billion, a P/E ratio of 29.32 and a beta of 1.19. Lamar Advertising has a 1 year low of $113.66 and a 1 year high of $164.38. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. The business’s 50 day simple moving average is $154.06 and its 200 day simple moving average is $140.27.
Lamar Advertising (NASDAQ:LAMR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million. Lamar Advertising had a return on equity of 55.53% and a net margin of 24.01%. On average, research analysts anticipate that Lamar Advertising will post 8.41 EPS for the current fiscal year.
Lamar Advertising Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s payout ratio is currently 118.08%.
About Lamar Advertising
Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.
In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.
Further Reading
- Five stocks we like better than Lamar Advertising
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
