Lamar Advertising (NASDAQ:LAMR) Updates FY 2026 Earnings Guidance

Lamar Advertising (NASDAQ:LAMR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.950-5.990 for the period, compared to the consensus estimate of 8.410. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LAMR shares. Citigroup lowered Lamar Advertising from a “buy” rating to a “neutral” rating and upped their target price for the company from $145.00 to $160.00 in a research report on Friday, July 10th. Wells Fargo & Company upped their target price on Lamar Advertising from $136.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. TD Cowen increased their price target on shares of Lamar Advertising from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. upped their price target on Lamar Advertising from $153.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lamar Advertising in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Lamar Advertising presently has a consensus rating of “Hold” and a consensus target price of $160.00.

Lamar Advertising Price Performance

Lamar Advertising stock traded up $0.93 during midday trading on Friday, reaching $160.93. The company had a trading volume of 589,351 shares, compared to its average volume of 683,913. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.58 and a quick ratio of 0.58. Lamar Advertising has a 12-month low of $113.66 and a 12-month high of $166.33. The company has a market capitalization of $16.33 billion, a P/E ratio of 29.37 and a beta of 1.19. The firm’s fifty day simple moving average is $156.26 and its 200-day simple moving average is $142.83.

Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $1.58 EPS for the quarter, hitting the consensus estimate of $1.58. Lamar Advertising had a return on equity of 54.65% and a net margin of 23.90%.The company had revenue of $616.75 million during the quarter, compared to analyst estimates of $606.61 million. Lamar Advertising has set its FY 2026 guidance at 5.950-5.990 EPS. As a group, equities analysts anticipate that Lamar Advertising will post 8.41 EPS for the current year.

Lamar Advertising Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Lamar Advertising’s payout ratio is presently 118.08%.

Key Stories Impacting Lamar Advertising

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Q2 AFFO and revenue exceeded expectations. Lamar reported diluted AFFO of $2.40 per share, up 8.1% year over year and ahead of the approximately $2.30 consensus estimate. Revenue rose 6.5% to $616.7 million, exceeding analysts’ $606.6 million forecast, while adjusted EBITDA increased 9.0% to $303.4 million. Lamar’s Q2 FFO Beat Estimates on Revenue Growth, ’26 Guidance Raised
• Positive Sentiment: Management raised 2026 AFFO guidance. Citing better-than-expected results and strong advertising sales pacing, Lamar increased its full-year diluted AFFO-per-share outlook to $8.75-$8.90. Free cash flow also rose $19.6 million year over year in the quarter, supporting the investment case for cash generation. Lamar Advertising Reports Second Quarter 2026 Results, Raises Full-Year AFFO Guidance
• Positive Sentiment: Core profitability and cash flow improved. Q2 net income increased 6.2% to $164.6 million, operating cash flow climbed to $252.4 million, and adjusted EBITDA margin benefited from revenue growth and improved profitability.
• Neutral Sentiment: JPMorgan raised its price target but kept a Neutral rating. The firm increased its target from $153 to $160, indicating limited expected upside at the reported trading level. JPMorgan Price Target Update
• Negative Sentiment: Reported first-half GAAP earnings declined. Six-month net income fell 9.4% to $266.5 million, primarily because the prior-year period included a much larger gain from the sale of Lamar’s Vistar Media interest. The company also carries substantial debt, which leaves results sensitive to interest rates and economic conditions.
• Negative Sentiment: Headline EPS guidance is below consensus. Lamar’s 2026 diluted EPS guidance of $5.95-$5.99 is below the cited $8.41 analyst consensus, although REIT investors typically place greater emphasis on AFFO. Lamar Second-Quarter Operating Results

Institutional Investors Weigh In On Lamar Advertising

A number of large investors have recently modified their holdings of the business. Glenmede Investment Management LP boosted its position in shares of Lamar Advertising by 3.2% during the 3rd quarter. Glenmede Investment Management LP now owns 2,590 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 81 shares in the last quarter. Prosperity Consulting Group LLC grew its stake in shares of Lamar Advertising by 4.9% in the 3rd quarter. Prosperity Consulting Group LLC now owns 2,194 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 102 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Lamar Advertising by 10.3% in the 3rd quarter. Parallel Advisors LLC now owns 1,178 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 110 shares in the last quarter. Private Advisor Group LLC lifted its stake in Lamar Advertising by 0.8% during the third quarter. Private Advisor Group LLC now owns 13,193 shares of the real estate investment trust’s stock valued at $1,615,000 after purchasing an additional 111 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in Lamar Advertising by 4.9% during the third quarter. Advisory Services Network LLC now owns 2,358 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.