$396.20 Million in Sales Expected for Lamar Advertising (LAMR) This Quarter
Wall Street analysts expect Lamar Advertising (NASDAQ:LAMR) to announce sales of $396.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Lamar Advertising’s earnings, with the lowest sales estimate coming in at $393.50 million and the highest estimate coming in at $398.90 million. Lamar Advertising reported sales of $386.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, February 27th.
On average, analysts expect that Lamar Advertising will report full year sales of $396.20 million for the current fiscal year, with estimates ranging from $1.52 billion to $1.54 billion. For the next financial year, analysts anticipate that the company will post sales of $1.58 billion per share, with estimates ranging from $1.56 billion to $1.61 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. Lamar Advertising’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS.
Lamar Advertising (NASDAQ:LAMR) traded down $0.10 during trading on Monday, reaching $72.00. The company’s stock had a trading volume of 554,195 shares, compared to its average volume of 426,779. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $7,096.88, a price-to-earnings ratio of 22.86, a P/E/G ratio of 4.68 and a beta of 1.15. Lamar Advertising has a one year low of $62.45 and a one year high of $79.17.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 4.61%. Lamar Advertising’s dividend payout ratio is currently 105.40%.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $78.33, for a total value of $313,320.00. Following the transaction, the director now owns 11,031 shares of the company’s stock, valued at $864,058.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.70% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Aurora Investment Counsel bought a new stake in shares of Lamar Advertising during the fourth quarter worth $2,733,000. State of Tennessee Treasury Department raised its position in shares of Lamar Advertising by 25.0% during the third quarter. State of Tennessee Treasury Department now owns 50,000 shares of the real estate investment trust’s stock worth $3,427,000 after acquiring an additional 10,000 shares during the last quarter. Beacon Investment Advisory Services Inc. bought a new stake in shares of Lamar Advertising during the third quarter worth $761,000. State Street Corp raised its position in shares of Lamar Advertising by 2.7% during the second quarter. State Street Corp now owns 2,225,264 shares of the real estate investment trust’s stock worth $163,707,000 after acquiring an additional 58,453 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Lamar Advertising by 5.9% during the third quarter. Nationwide Fund Advisors now owns 303,871 shares of the real estate investment trust’s stock worth $20,824,000 after acquiring an additional 16,993 shares during the last quarter. Institutional investors own 84.41% of the company’s stock.
About Lamar Advertising
Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.
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