Brokerages expect Lamar Advertising Co (NASDAQ:LAMR) to post earnings per share (EPS) of $1.66 for the current quarter, Zacks reports. Two analysts have provided estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings of $1.52 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The business is expected to report its next earnings results on Wednesday, August 14th.
On average, analysts expect that Lamar Advertising will report full-year earnings of $5.83 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $6.33 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.43). Lamar Advertising had a net margin of 20.68% and a return on equity of 30.95%. The business had revenue of $384.50 million during the quarter, compared to analyst estimates of $384.84 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.
NASDAQ LAMR opened at $79.85 on Monday. Lamar Advertising has a 12-month low of $64.51 and a 12-month high of $83.51. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $8.03 billion, a P/E ratio of 14.52 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Thursday, June 13th. Lamar Advertising’s dividend payout ratio is 69.82%.
In other Lamar Advertising news, Director Thomas V. Reifenheiser sold 4,000 shares of Lamar Advertising stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $81.05, for a total transaction of $324,200.00. Following the transaction, the director now directly owns 38,708 shares of the company’s stock, valued at approximately $3,137,283.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Keith A. Istre sold 16,294 shares of Lamar Advertising stock in a transaction 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 transaction, the chief financial officer now directly owns 118,991 shares in the company, valued at $9,552,597.48. The disclosure for this sale can be found here. 15.19% of the stock is owned by insiders.
Several large investors have recently modified their holdings of LAMR. Oregon Public Employees Retirement Fund boosted its holdings in shares of Lamar Advertising by 6,818.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,297,606 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,264,394 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Lamar Advertising by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 12,404,517 shares of the real estate investment trust’s stock worth $965,072,000 after buying an additional 867,169 shares during the last quarter. Norges Bank purchased a new position in shares of Lamar Advertising in the 4th quarter worth about $45,636,000. Rothschild & Co. Asset Management US Inc. purchased a new position in shares of Lamar Advertising in the 4th quarter worth about $20,855,000. Finally, Millennium Management LLC boosted its holdings in shares of Lamar Advertising by 183.4% in the 4th quarter. Millennium Management LLC now owns 364,903 shares of the real estate investment trust’s stock worth $25,244,000 after buying an additional 236,151 shares during the last quarter. 81.02% of the stock is currently owned by institutional investors.
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.
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