Lamar Advertising Company (LAMR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Lamar Advertising Company (NASDAQ:LAMR) have received an average recommendation of “Hold” from the six analysts that are covering the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $69.67.
Several research firms recently commented on LAMR. Zacks Investment Research lowered shares of Lamar Advertising Company from a “hold” rating to a “sell” rating in a research report on Monday, February 27th. Goldman Sachs Group Inc upgraded shares of Lamar Advertising Company from a “neutral” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 17th.
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In related news, Director John Maxwell Hamilton sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $76.20, for a total value of $304,800.00. Following the sale, the director now directly owns 19,431 shares in the company, valued at approximately $1,480,642.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 8,000 shares of company stock worth $608,800 over the last quarter. Insiders own 18.66% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LAMR. Mason Street Advisors LLC purchased a new position in Lamar Advertising Company during the second quarter worth about $2,492,000. Northwestern Mutual Investment Management Company LLC raised its position in Lamar Advertising Company by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,231 shares of the company’s stock worth $944,000 after buying an additional 69 shares during the period. Williams Jones & Associates LLC raised its position in Lamar Advertising Company by 190.0% in the second quarter. Williams Jones & Associates LLC now owns 15,941 shares of the company’s stock worth $1,057,000 after buying an additional 10,444 shares during the period. Oregon Public Employees Retirement Fund raised its position in Lamar Advertising Company by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 28,480 shares of the company’s stock worth $1,860,000 after buying an additional 568 shares during the period. Finally, Naples Global Advisors LLC purchased a new position in Lamar Advertising Company during the third quarter worth about $387,000. Institutional investors own 83.75% of the company’s stock.
Lamar Advertising Company (NASDAQ:LAMR) traded down 0.17% during midday trading on Monday, reaching $77.57. 237,339 shares of the company traded hands. The firm has a market capitalization of $7.56 billion, a PE ratio of 25.43 and a beta of 1.49. Lamar Advertising Company has a 12 month low of $58.68 and a 12 month high of $79.09. The company’s 50-day moving average price is $76.13 and its 200 day moving average price is $68.32.
Lamar Advertising Company (NASDAQ:LAMR) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.83 by $0.02. Lamar Advertising Company had a return on equity of 28.50% and a net margin of 20.06%. The business earned $386.70 million during the quarter, compared to analysts’ expectations of $388.44 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Lamar Advertising Company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Lamar Advertising Company will post $3.22 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Monday, March 13th. This is a positive change from Lamar Advertising Company’s previous quarterly dividend of $0.76. This represents a $3.32 annualized dividend and a dividend yield of 4.27%. Lamar Advertising Company’s payout ratio is currently 100.33%.
About Lamar Advertising Company
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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