Lamar Advertising Co (NASDAQ:LAMR) – Equities researchers at Imperial Capital issued their Q1 2020 earnings estimates for shares of Lamar Advertising in a research note issued on Wednesday, January 23rd. Imperial Capital analyst D. Miller anticipates that the real estate investment trust will earn $1.11 per share for the quarter. Imperial Capital has a “Outperform” rating and a $88.00 price objective on the stock. Imperial Capital also issued estimates for Lamar Advertising’s Q2 2020 earnings at $1.66 EPS, Q3 2020 earnings at $1.64 EPS and Q4 2020 earnings at $1.48 EPS.
Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results on Thursday, November 8th. The real estate investment trust reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.44). Lamar Advertising had a net margin of 18.57% and a return on equity of 27.51%. The company had revenue of $418.50 million during the quarter, compared to the consensus estimate of $421.29 million. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis.
A number of other research firms have also commented on LAMR. Wolfe Research started coverage on Lamar Advertising in a research report on Friday, December 7th. They issued an “underperform” rating on the stock. Zacks Investment Research upgraded Lamar Advertising from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Tuesday, December 11th. ValuEngine lowered Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Finally, Morgan Stanley upped their price target on Lamar Advertising from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, December 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $77.50.
NASDAQ LAMR opened at $73.44 on Thursday. Lamar Advertising has a 12 month low of $61.36 and a 12 month high of $80.68. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 14.54 and a beta of 1.07. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.43 and a current ratio of 1.43.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Monday, December 17th were given a dividend of $0.92 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $0.91. The ex-dividend date was Friday, December 14th. This represents a $3.68 annualized dividend and a dividend yield of 5.01%. Lamar Advertising’s dividend payout ratio is presently 72.87%.
In related news, CFO Keith A. Istre sold 20,791 shares of the company’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $76.64, for a total transaction of $1,593,422.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.64% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in LAMR. Tributary Capital Management LLC bought a new stake in shares of Lamar Advertising during the 4th quarter valued at about $42,000. Belpointe Asset Management LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $106,000. Vectors Research Management LLC bought a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $158,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $200,000. Finally, SPC Financial Inc. bought a new stake in shares of Lamar Advertising during the 3rd quarter valued at about $202,000. Institutional investors own 81.05% 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 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.