Lamar Advertising (LAMR) Set to Announce Quarterly Earnings on Friday

Lamar Advertising (NASDAQ:LAMR) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $2.17 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.67). The company had revenue of $565.25 million for the quarter, compared to analysts’ expectations of $564.96 million. Lamar Advertising had a return on equity of 42.18% and a net margin of 23.34%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. On average, analysts expect Lamar Advertising to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Lamar Advertising Stock Performance

Shares of LAMR opened at $132.14 on Thursday. The stock’s 50-day simple moving average is $131.48 and its 200 day simple moving average is $122.65. Lamar Advertising has a 52-week low of $91.20 and a 52-week high of $139.88. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 26.80 and a beta of 1.52. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.41 and a current ratio of 0.41.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 18th were issued a $1.40 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $5.60 annualized dividend and a dividend yield of 4.24%. This is a boost from Lamar Advertising’s previous quarterly dividend of $1.30. Lamar Advertising’s dividend payout ratio (DPR) is presently 113.59%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LAMR shares. TD Cowen boosted their target price on Lamar Advertising from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. lifted their price target on Lamar Advertising from $117.00 to $121.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut Lamar Advertising from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research note on Thursday, July 11th. StockNews.com raised Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company initiated coverage on Lamar Advertising in a research note on Thursday, September 19th. They issued an “equal weight” rating and a $132.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $125.00.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.