Lamar Advertising (LAMR) to Release Earnings on Thursday

Lamar Advertising (NASDAQ:LAMR) is expected to be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Lamar Advertising to post earnings of $1.47 per share and revenue of $583.19 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock opened at $132.90 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48. The business has a 50-day moving average price of $124.76 and a two-hundred day moving average price of $127.19. Lamar Advertising has a 1-year low of $106.43 and a 1-year high of $139.88. The company has a market cap of $13.60 billion, a P/E ratio of 26.58 and a beta of 1.51.

Lamar Advertising Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $5.60 dividend on an annualized basis and a yield of 4.21%. Lamar Advertising’s payout ratio is currently 112.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LAMR. Morgan Stanley increased their price target on Lamar Advertising from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company reduced their target price on Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. TD Cowen raised their target price on Lamar Advertising from $142.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, StockNews.com downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Lamar Advertising has a consensus rating of “Hold” and a consensus price target of $132.40.

About Lamar Advertising

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.