Lamar Advertising (NASDAQ:LAMR) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.96-3.11 for the period, compared to the Thomson Reuters consensus estimate of $3.36.
Lamar Advertising (LAMR) traded up $0.76 during midday trading on Tuesday, reaching $72.64. 1,197,400 shares of the company’s stock traded hands, compared to its average volume of 625,269. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55. Lamar Advertising has a 1 year low of $62.45 and a 1 year high of $79.17. The company has a market capitalization of $7,075.22, a price-to-earnings ratio of 23.06, a P/E/G ratio of 4.66 and a beta of 1.02.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Monday, March 19th will be given a dividend of $0.91 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $0.83. This represents a $3.64 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, March 16th. Lamar Advertising’s dividend payout ratio is 105.40%.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the transaction, the director now directly owns 11,031 shares in the company, valued at $864,058.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 14.70% of the stock is owned by insiders.
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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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