Lamar Advertising - LAMR Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lamar Advertising in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" LAMR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAMR, but not buy additional shares or sell existing shares.
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4 brokers have issued 12 month target prices for Lamar Advertising's stock. Their LAMR share price forecasts range from $110.00 to $131.00. On average, they anticipate the company's stock price to reach $116.75 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
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Lamar Advertising's stock was trading at $94.40 at the beginning of the year. Since then, LAMR stock has increased by 0.7% and is now trading at $95.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our LAMR earnings forecast.

Lamar Advertising (NASDAQ:LAMR) announced its quarterly earnings results on Friday, February, 24th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.69 by $1.04. The real estate investment trust had revenue of $535.51 million for the quarter, compared to analyst estimates of $536.42 million. Lamar Advertising had a trailing twelve-month return on equity of 35.56% and a net margin of 21.58%. The business's revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $1.78 EPS.

Lamar Advertising announced a quarterly dividend on Thursday, February 23rd. Shareholders of record on Friday, March 17th will be paid a dividend of $1.25 per share on Friday, March 31st. This represents a $5.00 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from the stock's previous quarterly dividend of $1.20.
Read our dividend analysis for LAMR.

ETFs with the largest weight of Lamar Advertising (NASDAQ:LAMR) stock in their portfolio include Inspire Faithward Mid Cap Momentum ETF (GLRY), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), USCF Dividend Income Fund (UDI), Ballast Small/Mid Cap ETF (MGMT), Fidelity Real Estate Investment ETF (FPRO), FlexShares Global Quality Real Estate Index Fund (GQRE), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) and Invesco Active U.S. Real Estate ETF (PSR).

Lamar Advertising (NASDAQ:LAMR) pays an annual dividend of $5.00 per share and currently has a dividend yield of 5.33%. LAMR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 115.74%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LAMR will have a dividend payout ratio of 62.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LAMR.

Lamar Advertising issued an update on its FY 2023 earnings guidance on Friday, February, 24th. The company provided EPS guidance of $5.14-$5.21 for the period, compared to the consensus estimate of $5.21. The company issued revenue guidance of -.

86 employees have rated Lamar Advertising Chief Executive Officer Sean Reilly on Glassdoor.com. Sean Reilly has an approval rating of 87% among the company's employees.

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 variety of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (4.04%), Victory Capital Management Inc. (4.03%), Boston Partners (2.15%), DAVENPORT & Co LLC (1.81%), Select Equity Group L.P. (1.58%) and Geode Capital Management LLC (1.40%). Insiders that own company stock include Anna Reilly, Jay Lecoryelle Johnson, John E Koerner III, Stephen P Mumblow and Thomas V Reifenheiser.
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Shares of LAMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LAMR stock can currently be purchased for approximately $95.06.

Lamar Advertising (NASDAQ:LAMR) has a market capitalization of $9.67 billion and generates $2.03 billion in revenue each year. The real estate investment trust earns $438.65 million in net income (profit) each year or $4.32 on an earnings per share basis.

The company employs 3,500 workers across the globe.

Lamar Advertising's mailing address is 5321 CORPORATE BOULEVARD, BATON ROUGE LA, 70808. The official website for the company is www.lamar.com. The real estate investment trust can be reached via phone at (888) 308-5060, via email at twall@lamar.com, or via fax at 225-926-1005.