Imperial Capital Weighs in on Lamar Advertising Co’s Q1 2019 Earnings (LAMR)

Lamar Advertising Co (NASDAQ:LAMR) – Analysts at Imperial Capital increased their Q1 2019 earnings estimates for Lamar Advertising in a report issued on Wednesday, October 10th. Imperial Capital analyst D. Miller now expects that the real estate investment trust will post earnings of $1.06 per share for the quarter, up from their previous forecast of $1.01. Imperial Capital has a “Outperform” rating and a $93.00 price target on the stock. Imperial Capital also issued estimates for Lamar Advertising’s Q2 2019 earnings at $1.50 EPS and Q4 2019 earnings at $1.42 EPS.

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

A number of other equities analysts also recently issued reports on LAMR. Zacks Investment Research downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Friday, June 15th. BidaskClub downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. ValuEngine downgraded Lamar Advertising from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Wells Fargo & Co upped their price target on Lamar Advertising from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, August 9th. Finally, MKM Partners upped their price target on Lamar Advertising to $75.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $77.33.

Shares of LAMR opened at $71.54 on Thursday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $7.69 billion, a P/E ratio of 14.19 and a beta of 1.10. Lamar Advertising has a 52-week low of $61.36 and a 52-week high of $79.40.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd boosted its holdings in shares of Lamar Advertising by 566.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 1,606 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 1,365 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of Lamar Advertising in the second quarter valued at approximately $137,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Lamar Advertising in the first quarter valued at approximately $164,000. Qube Research & Technologies Ltd acquired a new stake in shares of Lamar Advertising in the second quarter valued at approximately $164,000. Finally, Anchor Capital Advisors LLC acquired a new stake in shares of Lamar Advertising in the second quarter valued at approximately $242,000. 83.47% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors 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 5.09%. The ex-dividend date was Thursday, September 13th. Lamar Advertising’s dividend payout ratio (DPR) is 72.08%.

Lamar Advertising Company Profile

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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