Lamar Advertising Co (NASDAQ:LAMR) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.96 per share by the real estate investment trust on Monday, September 30th. This represents a $3.84 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Friday, September 13th.
Lamar Advertising has increased its dividend by an average of 17.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Lamar Advertising has a dividend payout ratio of 75.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Lamar Advertising to earn $6.01 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 63.9%.
Shares of Lamar Advertising stock traded up $1.38 during trading on Wednesday, hitting $78.42. 13,211 shares of the stock traded hands, compared to its average volume of 293,573. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.33. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 14.15 and a beta of 0.96. The firm’s fifty day moving average is $77.56 and its 200-day moving average is $79.52. Lamar Advertising has a 52 week low of $64.51 and a 52 week high of $84.50.
Lamar Advertising (NASDAQ:LAMR) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $1.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.42). Lamar Advertising had a return on equity of 32.10% and a net margin of 21.39%. The firm had revenue of $448.74 million during the quarter, compared to the consensus estimate of $451.85 million. During the same quarter in the previous year, the firm earned $1.02 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts forecast that Lamar Advertising will post 5.62 earnings per share for the current fiscal year.
Several research analysts have commented on LAMR shares. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Imperial Capital cut their price objective on shares of Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Wednesday. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Lamar Advertising from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $80.75.
Lamar Advertising Company Profile
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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