Analysts Expect Lamar Advertising Co (LAMR) to Announce $1.47 Earnings Per Share

Equities analysts expect that Lamar Advertising Co (NASDAQ:LAMR) will announce earnings per share of $1.47 for the current quarter, Zacks reports. Two analysts have issued estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings of $1.40 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 8th.

On average, analysts expect that Lamar Advertising will report full year earnings of $5.38 per share for the current year. For the next year, analysts forecast that the business will report earnings of $5.78 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.06. The firm had revenue of $419.80 million for the quarter, compared to analysts’ expectations of $416.75 million. Lamar Advertising had a return on equity of 27.75% and a net margin of 18.93%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS.



Several brokerages recently issued reports on LAMR. Zacks Investment Research cut Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. BidaskClub upgraded Lamar Advertising from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 15th. Imperial Capital began coverage on Lamar Advertising in a research report on Thursday, September 13th. They issued an “outperform” rating and a $93.00 price target on the stock. Finally, Citigroup boosted their price target on Lamar Advertising from $68.00 to $69.00 and gave the company a “sell” rating in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $77.33.

A number of institutional investors and hedge funds have recently made changes to their positions in LAMR. Schroder Investment Management Group boosted its holdings in Lamar Advertising by 214.2% in the 2nd quarter. Schroder Investment Management Group now owns 3,525,888 shares of the real estate investment trust’s stock valued at $75,220,000 after purchasing an additional 2,403,637 shares in the last quarter. FMR LLC boosted its holdings in Lamar Advertising by 87.2% in the 2nd quarter. FMR LLC now owns 588,216 shares of the real estate investment trust’s stock valued at $40,181,000 after purchasing an additional 274,070 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Lamar Advertising by 14.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,679,800 shares of the real estate investment trust’s stock valued at $114,747,000 after purchasing an additional 217,788 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Lamar Advertising by 7.3% in the 2nd quarter. Victory Capital Management Inc. now owns 3,065,269 shares of the real estate investment trust’s stock valued at $209,388,000 after purchasing an additional 207,394 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Lamar Advertising by 694.0% in the 1st quarter. Millennium Management LLC now owns 212,053 shares of the real estate investment trust’s stock valued at $13,499,000 after purchasing an additional 185,345 shares in the last quarter. 83.38% of the stock is currently owned by institutional investors.

LAMR stock traded down $1.87 during trading on Monday, hitting $72.23. The company had a trading volume of 436,273 shares, compared to its average volume of 463,855. The stock has a market capitalization of $7.32 billion, a PE ratio of 14.30 and a beta of 1.10. Lamar Advertising has a 1-year low of $61.36 and a 1-year high of $79.40. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.37.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Thursday, September 13th. Lamar Advertising’s dividend payout ratio is presently 72.08%.

About Lamar Advertising

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 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.

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Earnings History and Estimates for Lamar Advertising (NASDAQ:LAMR)

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