Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.
Lamar Advertising Price Performance
LAMR Stock opened at $105.55 on Friday. The firm's 50-day moving average price is $93.93 and its two-hundred day moving average price is $103.43. Lamar Advertising has a 12-month low of $83.96 and a 12-month high of $124.32. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.51 and a beta of 1.38. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 2.43.
Lamar Advertising (NASDAQ:LAMR - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. Lamar Advertising had a net margin of 23.52% and a return on equity of 37.09%. During the same period in the previous year, the business earned $1.75 EPS. As a group, equities analysts predict that Lamar Advertising will post 6.91 earnings per share for the current year.
Lamar Advertising Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 20th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, June 16th. This represents a $4.80 annualized dividend and a dividend yield of 4.55%. This is a boost from Lamar Advertising's previous quarterly dividend of $1.10. Lamar Advertising's payout ratio is currently 106.90%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on LAMR shares. StockNews.com downgraded shares of Lamar Advertising from a "strong-buy" rating to a "buy" rating in a report on Thursday, June 2nd. Citigroup raised shares of Lamar Advertising from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $112.00 to $108.00 in a research note on Thursday, July 7th. Finally, Morgan Stanley boosted their price target on shares of Lamar Advertising from $103.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 4th.
Insider Activity at Lamar Advertising
In related news, Director Anna Reilly sold 10,000 shares of the business's stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of $90.17, for a total transaction of $901,700.00. Following the transaction, the director now owns 145,928 shares in the company, valued at $13,158,327.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.99% of the stock is owned by corporate insiders.