Lamar Advertising (NASDAQ:LAMR) released its earnings results on Tuesday. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.02, MarketWatch Earnings reports. Lamar Advertising had a net margin of 14.81% and a return on equity of 20.73%. The firm had revenue of $370.90 million during the quarter, compared to analyst estimates of $358.00 million. During the same period last year, the business earned $0.40 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. Lamar Advertising updated its FY 2021 guidance to 2.960-3.120 EPS and its FY21 guidance to $2.96-3.12 EPS.

Shares of LAMR traded up $1.59 on Tuesday, hitting $103.00. 20,322 shares of the stock traded hands, compared to its average volume of 496,799. The company has a market capitalization of $10.39 billion, a PE ratio of 43.15 and a beta of 1.46. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.62 and a current ratio of 0.62. The business has a 50 day simple moving average of $96.26 and a 200 day simple moving average of $84.64. Lamar Advertising has a one year low of $51.29 and a one year high of $101.71.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 22nd were given a dividend of $0.75 per share. The ex-dividend date was Friday, March 19th. This represents a $3.00 annualized dividend and a dividend yield of 2.91%. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.50. Lamar Advertising’s dividend payout ratio (DPR) is 51.72%.

LAMR has been the subject of several recent research reports. TheStreet upgraded shares of Lamar Advertising from a “c+” rating to a “b-” rating in a report on Monday, January 11th. Citigroup lifted their target price on shares of Lamar Advertising from $80.00 to $88.00 in a report on Wednesday, March 3rd. Finally, Morgan Stanley lifted their target price on shares of Lamar Advertising from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 357,500 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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Earnings History for Lamar Advertising (NASDAQ:LAMR)

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