$434.55 Million in Sales Expected for Lamar Advertising (NASDAQ:LAMR) This Quarter

Brokerages expect Lamar Advertising (NASDAQ:LAMRGet Rating) to report $434.55 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lamar Advertising’s earnings. The lowest sales estimate is $426.51 million and the highest is $442.58 million. Lamar Advertising posted sales of $370.88 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.2%. The firm is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Lamar Advertising will report full year sales of $1.95 billion for the current fiscal year, with estimates ranging from $1.93 billion to $1.96 billion. For the next financial year, analysts anticipate that the business will report sales of $2.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMRGet Rating) last posted its quarterly earnings results on Friday, February 25th. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.03. Lamar Advertising had a return on equity of 31.86% and a net margin of 21.71%. The business had revenue of $494.60 million for the quarter, compared to analyst estimates of $473.38 million. During the same period last year, the company earned $1.71 EPS. Lamar Advertising’s revenue for the quarter was up 15.4% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. StockNews.com began coverage on Lamar Advertising in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Wolfe Research assumed coverage on Lamar Advertising in a research note on Tuesday, March 29th. They set a “market perform” rating and a $131.00 price objective on the stock. Finally, Morgan Stanley cut their target price on Lamar Advertising from $138.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 28th.

Several hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in shares of Lamar Advertising by 103.5% in the third quarter. Geneos Wealth Management Inc. now owns 289 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 147 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Lamar Advertising during the 4th quarter worth about $33,000. Dark Forest Capital Management LP purchased a new stake in shares of Lamar Advertising during the 3rd quarter worth about $35,000. NEXT Financial Group Inc raised its position in shares of Lamar Advertising by 261.3% in the 4th quarter. NEXT Financial Group Inc now owns 289 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Lamar Advertising during the 4th quarter valued at approximately $37,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:LAMR opened at $112.46 on Tuesday. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 29.44 and a beta of 1.43. The stock has a fifty day simple moving average of $112.12 and a two-hundred day simple moving average of $114.11. Lamar Advertising has a 12-month low of $94.64 and a 12-month high of $124.32. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 2.35.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 21st were paid a $1.10 dividend. The ex-dividend date of this dividend was Friday, March 18th. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 3.91%. Lamar Advertising’s dividend payout ratio (DPR) is currently 115.18%.

Lamar Advertising Company Profile (Get Rating)

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 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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