Lamar Advertising (NASDAQ:LAMR) Releases FY 2022 Earnings Guidance

Lamar Advertising (NASDAQ:LAMRGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.88-$4.96 for the period, compared to the consensus estimate of $4.66. The company issued revenue guidance of -.

Shares of LAMR traded up $0.16 during mid-day trading on Monday, hitting $95.13. 6,444 shares of the company’s stock were exchanged, compared to its average volume of 460,265. Lamar Advertising has a 52 week low of $93.42 and a 52 week high of $124.32. The stock’s 50-day simple moving average is $110.09 and its 200-day simple moving average is $112.20. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 21.83 and a beta of 1.37. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.43.

Lamar Advertising (NASDAQ:LAMRGet Rating) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.91 EPS for the quarter, topping the consensus estimate of $0.73 by $0.18. Lamar Advertising had a net margin of 23.66% and a return on equity of 35.97%. The company had revenue of $451.40 million for the quarter, compared to analysts’ expectations of $427.21 million. During the same period last year, the firm earned $1.15 earnings per share. The business’s revenue for the quarter was up 21.7% on a year-over-year basis. Analysts forecast that Lamar Advertising will post 6.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Monday, June 20th will be given a $1.20 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $4.80 dividend on an annualized basis and a yield of 5.05%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.10. Lamar Advertising’s dividend payout ratio (DPR) is currently 101.15%.

A number of brokerages have weighed in on LAMR. Wolfe Research began coverage on shares of Lamar Advertising in a research report on Tuesday, March 29th. They issued a market perform rating and a $131.00 target price on the stock. StockNews.com upgraded shares of Lamar Advertising from a buy rating to a strong-buy rating in a research report on Thursday. Finally, Morgan Stanley cut their target price on shares of Lamar Advertising from $138.00 to $135.00 and set an overweight rating on the stock in a research report on Monday, February 28th.

Several large investors have recently modified their holdings of the company. EP Wealth Advisors LLC lifted its holdings in shares of Lamar Advertising by 2.8% during the first quarter. EP Wealth Advisors LLC now owns 4,129 shares of the real estate investment trust’s stock worth $480,000 after purchasing an additional 112 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Lamar Advertising by 2.3% during the first quarter. BNP Paribas Arbitrage SA now owns 24,991 shares of the real estate investment trust’s stock worth $2,903,000 after purchasing an additional 555 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Lamar Advertising by 5.0% during the first quarter. Advisors Asset Management Inc. now owns 3,491 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 165 shares during the period. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Lamar Advertising during the first quarter worth $1,768,000. Finally, Beacon Pointe Advisors LLC lifted its holdings in Lamar Advertising by 2.4% in the first quarter. Beacon Pointe Advisors LLC now owns 8,609 shares of the real estate investment trust’s stock valued at $1,000,000 after buying an additional 200 shares during the period. Institutional investors own 78.03% of the company’s stock.

About Lamar Advertising (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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