Lamar Advertising (LAMR) Set to Announce Earnings on Wednesday

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Lamar Advertising (NASDAQ:LAMR) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Lamar Advertising to post earnings of $1.60 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

LAMR opened at $77.94 on Tuesday. The firm’s 50 day moving average is $80.91. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 3.48. The stock has a market cap of $7.94 billion, a P/E ratio of 14.17 and a beta of 0.95. Lamar Advertising has a 52 week low of $64.51 and a 52 week high of $84.50.

Several analysts have commented on the company. ValuEngine downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub raised Lamar Advertising from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $78.50.

In other news, CFO Keith A. Istre sold 16,294 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $80.28, for a total transaction of $1,308,082.32. Following the completion of the transaction, the chief financial officer now directly owns 118,991 shares of the company’s stock, valued at approximately $9,552,597.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas V. Reifenheiser sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $81.05, for a total value of $324,200.00. Following the transaction, the director now directly owns 38,708 shares of the company’s stock, valued at $3,137,283.40. The disclosure for this sale can be found here. Corporate insiders own 15.19% 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.

Further Reading: What is the Current Ratio?

Earnings History for Lamar Advertising (NASDAQ:LAMR)

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