Lamar Advertising (NASDAQ: LAMR-Get Rating) hit a new 52-week low on Thursday. The company traded as low as $ 84.54 and last traded at $ 85.51, with a volume of 10116 shares traded. The stock had previously closed at $ 88.36.
A number of equities analysts have weighed in on the company. StockNews.com downgraded Lamar Advertising from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 2nd. Wolfe Research assumed coverage on Lamar Advertising in a research report on Tuesday, March 29th. They set a “market perform” rating and a $ 131.00 price target on the stock. Finally, Morgan Stanley downgraded Lamar Advertising from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $ 135.00 to $ 103.00 in a research report on Friday, June 10th.
The firm has a 50-day moving average price of $ 102.84 and a 200 day moving average price of $ 109.39. The company has a debt-to-equity ratio of 2.43, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $ 8.62 billion, a price-to-earnings ratio of 19.59 and a beta of 1.38.
Lamar Advertising (NASDAQ: LAMR – Get Rating) last posted its earnings results on Thursday, May 5th. The real estate investment trust reported $ 0.91 EPS for the quarter, beating the consensus estimate of $ 0.73 by $ 0.18. Lamar Advertising had a return on equity of 35.97% and a net margin of 23.66%. The company had revenue of $ 451.40 million for the quarter, compared to the consensus estimate of $ 427.21 million. During the same quarter in the prior year, the business earned $ 1.15 earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, equities analysts anticipate that Lamar Advertising will post 6.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Monday, June 20th will be paid a $ 1.20 dividend. This is a boost from Lamar Advertising’s previous quarterly dividend of $ 1.10. This represents a $ 4.80 annualized dividend and a dividend yield of 5.65%. The ex-dividend date is Thursday, June 16th. Lamar Advertising’s payout ratio is 101.15%.
Hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in Lamar Advertising by 5.5% during the first quarter. FMR LLC now owns 293,906 shares of the real estate investment trust’s stock worth $ 23,295,000 after purchasing an additional 15,311 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Lamar Advertising during the third quarter worth $ 253,000. Franklin Resources Inc. lifted its stake in Lamar Advertising by 1,126.4% during the third quarter. Franklin Resources Inc. now owns 67,379 shares of the real estate investment trust’s stock worth $ 7,644,000 after purchasing an additional 61,885 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Lamar Advertising during the third quarter worth $ 35,000. Finally, Invesco Ltd. lifted its stake in Lamar Advertising by 1.6% during the third quarter. Invesco Ltd. now owns 518,671 shares of the real estate investment trust’s stock worth $ 58,844,000 after purchasing an additional 8,338 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.
Lamar Advertising Company Profile (NASDAQ: LAMR)
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 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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