Lamar Advertising Company (NASDAQ:LAMR) Receives $134.20 Average Target Price from Brokerages

Key Points

• Lamar Advertising Company has received an average rating of "Hold" from five brokerages, with a price target averaging $134.20.
• The company's recent quarterly earnings report showed an EPS of $2.22, exceeding estimates, and a revenue of $579.31 million, slightly below forecasts.
• Lamar Advertising has declared a quarterly dividend of $1.55 per share, resulting in an annualized yield of 4.8%, with a payout ratio of 144.19%.

Lamar Advertising Company (NASDAQ:LAMR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $134.20.

LAMR has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, August 11th. Wells Fargo & Company decreased their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating for the company in a report on Monday, August 11th. Morgan Stanley upped their target price on Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Citigroup raised Lamar Advertising from a "neutral" rating to a "buy" rating and upped their target price for the company from $114.00 to $135.00 in a research report on Thursday, May 29th.

Lamar Advertising Trading Down 0.9%

Shares of NASDAQ:LAMR traded down $1.22 during trading on Tuesday, reaching $127.60. 298,934 shares of the stock were exchanged, compared to its average volume of 623,713. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.58 and a current ratio of 0.58. Lamar Advertising has a 12-month low of $99.84 and a 12-month high of $139.88. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 29.67 and a beta of 1.38. The firm's 50-day moving average price is $124.31 and its 200 day moving average price is $119.13.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last issued its earnings results on Friday, August 8th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analysts' expectations of $580.72 million. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, sell-side analysts anticipate that Lamar Advertising will post 7.92 earnings per share for the current fiscal year.

Lamar Advertising Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 19th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, September 19th. Lamar Advertising's dividend payout ratio is presently 144.19%.

Insider Activity

In other Lamar Advertising news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lamar Advertising

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blair William & Co. IL grew its stake in Lamar Advertising by 1.5% during the 2nd quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust's stock worth $650,000 after buying an additional 81 shares during the last quarter. JB Capital LLC lifted its holdings in shares of Lamar Advertising by 0.3% during the second quarter. JB Capital LLC now owns 29,916 shares of the real estate investment trust's stock valued at $3,631,000 after purchasing an additional 82 shares during the last quarter. SWS Partners lifted its holdings in shares of Lamar Advertising by 0.6% during the first quarter. SWS Partners now owns 15,347 shares of the real estate investment trust's stock valued at $1,746,000 after purchasing an additional 85 shares during the last quarter. Bessemer Group Inc. lifted its stake in Lamar Advertising by 33.9% in the 1st quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock worth $42,000 after acquiring an additional 94 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its stake in Lamar Advertising by 4.0% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 2,475 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 96 shares in the last quarter. 93.78% of the stock is owned by institutional investors and hedge funds.

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.