Lamar Advertising Stock Forecast, Price & News

Lamar Advertising's stock was trading at $68.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LAMR shares have increased by 16.8% and is now trading at $79.70.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Lamar Advertising is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Lamar Advertising.

Lamar Advertising Company (REIT) (NASDAQ:LAMR) announced its earnings results on Tuesday, November, 10th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.18 by $0.56. The real estate investment trust had revenue of $386.10 million for the quarter, compared to analyst estimates of $377.13 million. Lamar Advertising had a net margin of 16.38% and a return on equity of 23.81%. The company's revenue was down 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share.
View Lamar Advertising's earnings history.

Lamar Advertising announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Monday, September 21st will be given a dividend of $0.50 per share on Wednesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, September 18th.
View Lamar Advertising's dividend history.

Lamar Advertising updated its FY20 earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of $1.99-$2.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.88.

5 equities research analysts have issued 1 year price objectives for Lamar Advertising's stock. Their forecasts range from $56.00 to $81.00. On average, they anticipate Lamar Advertising's share price to reach $72.33 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts' price targets for Lamar Advertising.

Some companies that are related to Lamar Advertising include Alphabet (GOOG), Omnicom Group (OMC), The Interpublic Group of Companies (IPG), Clear Channel Outdoor (CCO), National CineMedia (NCMI) and MDC Partners (MDCA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Lamar Advertising investors own include Enterprise Products Partners (EPD), Verizon Communications (VZ), Chevron (CVX), AT&T (T), Iron Mountain (IRM), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), Duke Energy (DUK) and International Business Machines (IBM).

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

Lamar Advertising's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.58%), Victory Capital Management Inc. (3.33%), State Street Corp (2.01%), DAVENPORT & Co LLC (1.68%), Daiwa Securities Group Inc. (1.61%) and Wells Fargo & Company MN (1.08%). Company insiders that own Lamar Advertising stock include Jay Lecoryelle Johnson, 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 BlackRock Inc., Victory Capital Management Inc., Artemis Investment Management LLP, State Street Corp, Retirement Systems of Alabama, Arrowstreet Capital Limited Partnership, AQR Capital Management LLC, and Wells Fargo & Company MN.
View insider buying and selling activity for Lamar Advertising.

LAMR stock was purchased by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, DAVENPORT & Co LLC, Hamlin Capital Management LLC, Morgan Stanley, Pacer Advisors Inc., Schonfeld Strategic Advisors LLC, Colony Capital Inc., and Federated Hermes Inc..
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 $79.70.

Lamar Advertising has a market capitalization of $8.04 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]