Lamar Advertising (NASDAQ:LAMR) Issues Earnings Results

Lamar Advertising (NASDAQ:LAMR - Get Free Report) released its quarterly earnings data on Thursday. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.06, Zacks reports. The firm had revenue of $505.43 million for the quarter, compared to the consensus estimate of $509.72 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Lamar Advertising updated its FY 2025 guidance to 6.010-6.070 EPS.

Lamar Advertising Stock Down 1.7%

NASDAQ LAMR traded down $2.02 on Wednesday, hitting $116.87. The stock had a trading volume of 104,441 shares, compared to its average volume of 505,982. The business's fifty day moving average price is $112.76 and its 200 day moving average price is $121.99. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 33.06 and a beta of 1.38. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. Lamar Advertising has a 52-week low of $99.84 and a 52-week high of $139.88.

Lamar Advertising Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.31%. This is an increase from Lamar Advertising's previous quarterly dividend of $1.40. The ex-dividend date was Friday, March 14th. Lamar Advertising's dividend payout ratio (DPR) is 150.49%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LAMR shares. JPMorgan Chase & Co. lowered their target price on Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating for the company in a report on Friday, February 21st. Morgan Stanley reduced their price target on Lamar Advertising from $135.00 to $125.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup raised their price objective on Lamar Advertising from $121.76 to $128.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $132.60.

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.