Lamar Advertising (NASDAQ:LAMR) Hits New 12-Month High After Earnings Beat

Lamar Advertising Company (NASDAQ:LAMR) shares reached a new 52-week high on Thursday following a better than expected earnings announcement. The company traded as high as $142.39 and last traded at $141.15, with a volume of 789539 shares changing hands. The stock had previously closed at $138.52.

The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18. Lamar Advertising had a net margin of 24.01% and a return on equity of 55.38%. The business had revenue of $528.00 million for the quarter, compared to analyst estimates of $522.86 million.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $1.60 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.55. This represents a $6.40 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, March 16th. Lamar Advertising’s dividend payout ratio is presently 110.92%.

More Lamar Advertising News

Here are the key news stories impacting Lamar Advertising this week:

• Positive Sentiment: Lamar Advertising reported Q1 FFO/AFFO results that beat estimates, with AFFO per share up 7.5% year over year, signaling solid operating momentum and helping lift the stock. Article Title
• Positive Sentiment: Q1 earnings came in at $1.00 per share versus $0.82 expected, while revenue of $528.0 million also topped estimates, reinforcing confidence in the company’s near-term fundamentals. Article Title
• Positive Sentiment: Multiple reports pointed to stronger national customer demand and improving advertising conditions, which investors may see as an important tailwind for Lamar’s revenue growth. Article Title
• Neutral Sentiment: Wells Fargo raised its price target on Lamar Advertising to $150 from $136 but kept an “equal weight” rating, suggesting the firm sees better value than before but is not turning outright bullish. Article Title
• Neutral Sentiment: The company also announced CEO Sean Reilly will participate in an upcoming JPMorgan conference, which could provide additional investor updates but is not a material operating catalyst by itself. Article Title

Analysts Set New Price Targets

Several equities analysts recently issued reports on LAMR shares. UBS Group set a $150.00 price target on Lamar Advertising in a research note on Monday, February 23rd. Morgan Stanley set a $145.00 price target on shares of Lamar Advertising in a report on Thursday. TD Cowen reissued a “buy” rating on shares of Lamar Advertising in a report on Monday, February 23rd. Weiss Ratings raised shares of Lamar Advertising from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company boosted their price target on shares of Lamar Advertising from $136.00 to $150.00 and gave the company an “equal weight” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Lamar Advertising currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.60.

Insider Buying and Selling at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total value of $767,911.85. Following the sale, the executive vice president directly owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 15.24% of the company’s stock.

Institutional Investors Weigh In On Lamar Advertising

Several large investors have recently made changes to their positions in LAMR. Nisa Investment Advisors LLC boosted its position in Lamar Advertising by 31.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 45,951 shares of the real estate investment trust’s stock valued at $5,625,000 after buying an additional 10,982 shares during the last quarter. Assetmark Inc. boosted its position in Lamar Advertising by 31.3% in the 3rd quarter. Assetmark Inc. now owns 102,270 shares of the real estate investment trust’s stock valued at $12,520,000 after buying an additional 24,391 shares during the last quarter. SG Americas Securities LLC boosted its position in Lamar Advertising by 323.6% in the 4th quarter. SG Americas Securities LLC now owns 75,297 shares of the real estate investment trust’s stock valued at $9,531,000 after buying an additional 57,520 shares during the last quarter. Berkshire Hathaway Inc boosted its position in Lamar Advertising by 2.8% in the 3rd quarter. Berkshire Hathaway Inc now owns 1,202,110 shares of the real estate investment trust’s stock valued at $147,162,000 after buying an additional 32,603 shares during the last quarter. Finally, Markel Group Inc. boosted its position in Lamar Advertising by 7.6% in the 3rd quarter. Markel Group Inc. now owns 170,000 shares of the real estate investment trust’s stock valued at $20,811,000 after buying an additional 12,000 shares during the last quarter. Institutional investors own 93.78% of the company’s stock.

Lamar Advertising Price Performance

The stock has a market capitalization of $16.00 billion, a P/E ratio of 29.14 and a beta of 1.18. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50-day simple moving average of $133.22 and a 200 day simple moving average of $129.88.

About Lamar Advertising

Lamar Advertising Company (NASDAQ: LAMR) is one of North America’s largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.