Shares of Lamar Advertising Co. (NASDAQ:LAMR) have received a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $65.14.
Several brokerages have issued reports on LAMR. Zacks Investment Research raised Lamar Advertising from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Loop Capital began coverage on Lamar Advertising in a report on Monday, September 12th. They set a “buy” rating on the stock. Finally, Gabelli lowered Lamar Advertising from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Thursday, July 21st.
Shares of Lamar Advertising (NASDAQ:LAMR) traded down 0.92% during trading on Wednesday, hitting $64.68. The company had a trading volume of 336,946 shares. The stock’s 50-day moving average is $62.96 and its 200 day moving average is $63.68. The firm has a market capitalization of $6.30 billion, a P/E ratio of 21.30 and a beta of 1.69. Lamar Advertising has a 52-week low of $49.73 and a 52-week high of $69.35.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.01. The company had revenue of $387.50 million for the quarter, compared to analyst estimates of $384.09 million. Lamar Advertising had a return on equity of 28.94% and a net margin of 20.64%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. Equities research analysts predict that Lamar Advertising will post $3.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a $0.76 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $3.04 dividend on an annualized basis and a yield of 4.66%. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.75. Lamar Advertising’s dividend payout ratio (DPR) is presently 99.67%.
A number of large investors have recently made changes to their positions in the stock. I.G. Investment Management LTD. purchased a new stake in shares of Lamar Advertising during the second quarter worth approximately $175,000. CIBC Asset Management Inc purchased a new stake in shares of Lamar Advertising during the second quarter worth approximately $200,000. Zacks Investment Management purchased a new stake in shares of Lamar Advertising during the second quarter worth approximately $206,000. Beacon Trust Co. purchased a new stake in shares of Lamar Advertising during the second quarter worth approximately $223,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Lamar Advertising by 16,800.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,380 shares of the company’s stock worth $225,000 after buying an additional 3,360 shares during the last quarter. Hedge funds and other institutional investors own 80.05% of the company’s stock.
About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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