Lamar Advertising Company (NASDAQ:LAMR) Given Consensus Rating of "Hold" by Analysts

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 received an average rating of "Hold" from the five analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $134.20.

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price target on Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a research report on Monday, August 11th. JPMorgan Chase & Co. reduced their price target on Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Morgan Stanley upped their price target 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 upgraded 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. The company had a trading volume of 298,934 shares, compared to its average volume of 560,773. The company's fifty day moving average price is $124.38 and its 200-day moving average price is $119.10. Lamar Advertising has a 12 month low of $99.84 and a 12 month high of $139.88. The stock has a market cap of $12.92 billion, a P/E ratio of 29.67 and a beta of 1.38. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 3.45.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The real estate investment trust reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.48 by $0.74. Lamar Advertising had a return on equity of 41.85% and a net margin of 19.72%.The firm had revenue of $579.31 million for the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. As a group, research analysts expect that Lamar Advertising will post 7.92 earnings per share for the current year.

Lamar Advertising Dividend Announcement

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

Insider Activity at Lamar Advertising

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $124.28, for a total transaction of $2,734,160.00. The sale was disclosed in a document filed with the SEC, which is accessible 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 LAMR. Blair William & Co. IL boosted its holdings in Lamar Advertising by 1.5% in the second quarter. Blair William & Co. IL now owns 5,358 shares of the real estate investment trust's stock worth $650,000 after acquiring an additional 81 shares in the last quarter. JB Capital LLC increased its position 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 acquiring an additional 82 shares during the last quarter. SWS Partners increased its position 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 acquiring an additional 85 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Lamar Advertising by 33.9% during the first quarter. Bessemer Group Inc. now owns 371 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 94 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC increased its position in shares of Lamar Advertising by 4.0% during the second quarter. Atalanta Sosnoff Capital LLC now owns 2,475 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 93.78% of the company's stock.

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.