News articles about Lamar Advertising (NASDAQ:LAMR) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.2543017965846 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have issued reports on LAMR shares. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Citigroup lowered shares of Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target on the stock. in a research report on Wednesday, December 20th. Finally, Zacks Investment Research lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $71.75.
Lamar Advertising (NASDAQ LAMR) traded up $1.10 during midday trading on Friday, reaching $73.64. 666,782 shares of the company’s stock traded hands, compared to its average volume of 340,506. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.55 and a quick ratio of 1.55. Lamar Advertising has a 1 year low of $62.45 and a 1 year high of $79.17. The company has a market capitalization of $7,140.19, a price-to-earnings ratio of 23.38, a P/E/G ratio of 4.70 and a beta of 1.15.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.34). Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The firm had revenue of $399.30 million for the quarter, compared to the consensus estimate of $392.10 million. During the same period last year, the company posted $0.87 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. sell-side analysts expect that Lamar Advertising will post 4.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.51%. Lamar Advertising’s dividend payout ratio (DPR) is currently 105.40%.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the transaction, the director now directly owns 11,031 shares in the company, valued at $864,058.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 14.70% of the company’s stock.
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About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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