Lamar Advertising (LAMR) to Release Quarterly Earnings on Thursday

Lamar Advertising (NASDAQ:LAMR) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Lamar Advertising to post 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 that wish to listen to the company’s earnings conference call can do so using this link.

Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.49). The business had revenue of $555.91 million during the quarter, compared to analyst estimates of $549.84 million. Lamar Advertising had a net margin of 23.49% and a return on equity of 41.88%. During the same quarter in the prior year, the firm posted $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 Stock Performance

Shares of LAMR stock opened at $115.39 on Tuesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.52 and a current ratio of 0.52. Lamar Advertising has a 52 week low of $77.21 and a 52 week high of $121.99. The company’s 50 day moving average price is $114.42 and its two-hundred day moving average price is $105.06. The company has a market capitalization of $11.78 billion, a P/E ratio of 23.79 and a beta of 1.50.

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 given a dividend of $1.30 per share. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.25. The ex-dividend date was Thursday, March 14th. This represents a $5.20 annualized dividend and a dividend yield of 4.51%. Lamar Advertising’s dividend payout ratio is currently 107.22%.

Analyst Upgrades and Downgrades

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

Insider Activity at Lamar Advertising

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 5,000 shares of the business’s 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 sale, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $1,189,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.98% of the stock is owned by insiders.

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.