Lamar Advertising (LAMR) to Release Quarterly Earnings on Thursday

Lamar Advertising (NASDAQ:LAMR) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Lamar Advertising has set its FY 2024 guidance at 5.020-5.070 EPS and its FY24 guidance at $7.67-7.82 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.46 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.49). The company had revenue of $555.91 million during the quarter, compared to analysts’ expectations of $549.84 million. Lamar Advertising had a return on equity of 41.88% and a net margin of 23.49%. During the same quarter last year, the company earned $1.91 earnings per share. On average, analysts expect Lamar Advertising to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Lamar Advertising Trading Up 0.4 %

NASDAQ:LAMR opened at $115.85 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 23.89 and a beta of 1.50. Lamar Advertising has a one year low of $77.21 and a one year high of $121.99. The business has a fifty day moving average price of $114.58 and a 200-day moving average price of $105.31.

Lamar Advertising Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.49%. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Thursday, March 14th. Lamar Advertising’s dividend payout ratio is 107.22%.

Insider Buying and Selling at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $118.97, for a total transaction of $594,850.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $1,189,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Lamar Advertising from $92.00 to $109.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Morgan Stanley upped their target price on shares of Lamar Advertising from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, February 26th. Finally, StockNews.com raised shares of Lamar Advertising from a “hold” rating to a “buy” rating in a report on Tuesday, March 5th.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.