Lamar Advertising Company (LAMR) Issues Earnings Results
Lamar Advertising Company (NASDAQ:LAMR) issued its earnings results on Monday. The real estate investment trust reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34), Briefing.com reports. Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same quarter in the prior year, the business earned $0.87 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis.
Lamar Advertising (NASDAQ:LAMR) opened at $74.91 on Tuesday. The company has a market cap of $6,859.37, a price-to-earnings ratio of 14.11, a PEG ratio of 4.82 and a beta of 1.14. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.48 and a current ratio of 1.48. Lamar Advertising has a fifty-two week low of $58.68 and a fifty-two week high of $79.09.
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A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. MKM Partners cut their target price on shares of Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 9th. Citigroup Inc. restated a “neutral” rating and issued a $66.00 target price (down previously from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. BidaskClub lowered shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, Wells Fargo & Company lowered shares of Lamar Advertising from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Lamar Advertising currently has a consensus rating of “Hold” and a consensus target price of $73.00.
Lamar Advertising Company Profile
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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