Wall Street brokerages expect that Lamar Advertising Co (NASDAQ:LAMR) will report earnings per share (EPS) of $1.47 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings per share of $1.40 during the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is expected to issue its next earnings report before the market opens on Thursday, November 8th.
On average, analysts expect that Lamar Advertising will report full-year earnings of $5.38 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $5.81 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.06. Lamar Advertising had a return on equity of 27.75% and a net margin of 18.93%. The company had revenue of $419.80 million during the quarter, compared to analyst estimates of $416.75 million. During the same period in the prior year, the company earned $0.94 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis.
Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank raised its holdings in shares of Lamar Advertising by 658.8% in the second quarter. Toronto Dominion Bank now owns 15,175 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 13,175 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Lamar Advertising in the second quarter worth approximately $366,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Lamar Advertising by 11.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 442,736 shares of the real estate investment trust’s stock worth $30,244,000 after buying an additional 45,636 shares during the period. FMR LLC raised its holdings in shares of Lamar Advertising by 87.2% in the second quarter. FMR LLC now owns 588,216 shares of the real estate investment trust’s stock worth $40,181,000 after buying an additional 274,070 shares during the period. Finally, BTIM Corp. raised its holdings in shares of Lamar Advertising by 5.6% in the second quarter. BTIM Corp. now owns 155,221 shares of the real estate investment trust’s stock worth $10,603,000 after buying an additional 8,177 shares during the period. 83.47% of the stock is owned by institutional investors and hedge funds.
NASDAQ:LAMR opened at $76.02 on Friday. The company has a market capitalization of $7.69 billion, a PE ratio of 15.05 and a beta of 1.10. Lamar Advertising has a 1 year low of $61.36 and a 1 year high of $79.40. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.48 and a quick ratio of 1.48.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend was Thursday, September 13th. Lamar Advertising’s payout ratio is 72.08%.
Lamar Advertising Company Profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 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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