NASDAQ:LAMRLamar Advertising Stock Price, Forecast & News

Lamar Advertising's stock was trading at $68.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LAMR stock has increased by 1.5% and is now trading at $69.28. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Lamar Advertising.

Lamar Advertising is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Lamar Advertising.

Lamar Advertising Co (NASDAQ:LAMR) announced its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.04. The real estate investment trust had revenue of $406.57 million for the quarter, compared to analyst estimates of $396.04 million. Lamar Advertising had a return on equity of 31.25% and a net margin of 20.35%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. View Lamar Advertising's earnings history.

Lamar Advertising declared a quarterly dividend on Thursday, February 27th. Investors of record on Monday, March 16th will be given a dividend of $1.00 per share on Tuesday, March 31st. This represents a $4.00 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, March 13th. This is a boost from Lamar Advertising's previous quarterly dividend of $0.96. View Lamar Advertising's dividend history.

5 brokers have issued 12 month price objectives for Lamar Advertising's shares. Their forecasts range from $53.00 to $94.00. On average, they anticipate Lamar Advertising's share price to reach $66.40 in the next twelve months. This suggests that the stock has a possible downside of 4.2%. View analysts' price targets for Lamar Advertising.

Media stories about LAMR stock have trended somewhat negative on Wednesday, InfoTrie reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lamar Advertising earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutLamar Advertising.

Lamar Advertising saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,820,000 shares, a decline of 10.5% from the April 15th total of 3,150,000 shares. Based on an average daily trading volume, of 1,000,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 3.3% of the company's shares are short sold. View Lamar Advertising's Current Options Chain.

Some companies that are related to Lamar Advertising include Alphabet (GOOG), Omnicom Group (OMC), Interpublic Group of Companies (IPG), CLEAR CHANNEL O/SH (CCO), National CineMedia (NCMI), MDC Partners (MDCA) and Harte Hanks (HHS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Lamar Advertising investors own include AT&T (T), Walt Disney (DIS), Enterprise Products Partners (EPD), Verizon Communications (VZ), Johnson & Johnson (JNJ), Chevron (CVX), Alphabet (GOOG), Iron Mountain (IRM), Pfizer (PFE) and JPMorgan Chase & Co. (JPM).

Lamar Advertising trades on the NASDAQ under the ticker symbol "LAMR."

Lamar Advertising's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.82%), Janus Henderson Group PLC (7.65%), Victory Capital Management Inc. (3.51%), Victory Capital Management Inc. (3.51%), State Street Corp (2.11%) and Cohen & Steers Inc. (2.10%). Company insiders that own Lamar Advertising stock include John E Koerner III, Keith A Istre, Sean E Reilly, Stephen P Mumblow and Thomas V Reifenheiser. View institutional ownership trends for Lamar Advertising.

LAMR stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Bank of New York Mellon Corp, Invesco Ltd., Wedge Capital Management L L P NC, Eaton Vance Management, Alliancebernstein L.P., Schroder Investment Management Group, and Principal Financial Group Inc.. View insider buying and selling activity for Lamar Advertising.

LAMR stock was bought by a variety of institutional investors in the last quarter, including Capital International Investors, Waratah Capital Advisors Ltd., Colony Capital Inc., Pacer Advisors Inc., APG Asset Management N.V., APG Asset Management N.V., Cohen & Steers Inc., and Copeland Capital Management LLC. View insider buying and selling activity for Lamar Advertising.

Shares of LAMR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LAMR stock can currently be purchased for approximately $69.28.

Lamar Advertising has a market capitalization of $6.98 billion and generates $1.75 billion in revenue each year. The real estate investment trust earns $372.11 million in net income (profit) each year or $5.80 on an earnings per share basis. Lamar Advertising employs 3,600 workers across the globe.

The official website for Lamar Advertising is www.lamar.com.

Lamar Advertising's mailing address is 5321 CORPORATE BOULEVARD, BATON ROUGE LA, 70808. The real estate investment trust can be reached via phone at 225-926-1000 or via email at [email protected]