Lamar Advertising (NASDAQ:LAMR) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Lamar Advertising's stock received a "Buy (B-)" rating from Weiss Ratings, while the current consensus rating is "Moderate Buy" with an average target price of $134.20.
• After its latest quarterly earnings, Lamar Advertising reported an EPS of $2.22, significantly beating estimates, with revenue of $579.31 million.
• Insider trading was noted as CFO Jay Lecoryelle Johnson sold 22,000 shares for about $2.73 million, and insiders own 14.99% of the company.

Lamar Advertising (NASDAQ:LAMR - Get Free Report)'s stock had its "buy (b-)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also commented on LAMR. JPMorgan Chase & Co. decreased their price target on shares of Lamar Advertising from $125.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company cut their price objective on shares of Lamar Advertising from $122.00 to $119.00 and set an "equal weight" rating on the stock in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $134.20.

Lamar Advertising Stock Performance

LAMR stock opened at $120.79 on Wednesday. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 28.09 and a beta of 1.37. The firm has a 50-day simple moving average of $123.88 and a two-hundred day simple moving average of $119.76. Lamar Advertising has a one year low of $99.84 and a one year high of $139.88. 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 (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 the consensus estimate of $1.48 by $0.74. The business had revenue of $579.31 million during the quarter, compared to analyst estimates of $580.72 million. Lamar Advertising had a net margin of 19.72% and a return on equity of 41.85%. Lamar Advertising has set its FY 2025 guidance at 6.090-6.11 EPS. On average, equities analysts forecast that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jay Lecoryelle Johnson sold 22,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $124.28, for a total value of $2,734,160.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 14.99% of the company's stock.

Hedge Funds Weigh In On Lamar Advertising

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. increased its holdings 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 buying an additional 94 shares during the period. Golden State Wealth Management LLC acquired a new position in Lamar Advertising in the 1st quarter worth approximately $28,000. Farther Finance Advisors LLC increased its holdings in Lamar Advertising by 101.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,446 shares of the real estate investment trust's stock worth $277,000 after buying an additional 1,230 shares during the period. SG Americas Securities LLC acquired a new position in Lamar Advertising in the 1st quarter worth approximately $1,007,000. Finally, Focus Partners Wealth increased its holdings in Lamar Advertising by 14.6% in the 1st quarter. Focus Partners Wealth now owns 21,739 shares of the real estate investment trust's stock worth $2,473,000 after buying an additional 2,768 shares during the period. Institutional investors and hedge funds 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.

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