Somewhat Favorable News Coverage Somewhat Unlikely to Affect Lamar Advertising (LAMR) Stock Price
News articles about Lamar Advertising (NASDAQ:LAMR) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.4779041808587 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages have recently weighed in on LAMR. 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. Citigroup Inc. reissued a “neutral” rating and issued a $66.00 price objective (down from $69.00) on shares of Lamar Advertising in a research report on Friday, August 11th. ValuEngine lowered shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub lowered shares of Lamar Advertising from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, MKM Partners dropped their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $73.00.
Lamar Advertising (LAMR) traded down $0.74 during trading hours on Thursday, reaching $75.56. 607,700 shares of the company were exchanged, compared to its average volume of 604,661. Lamar Advertising has a 1-year low of $62.45 and a 1-year high of $79.09. The company has a market capitalization of $6,410.00, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 5.27 and a beta of 1.14. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23.
Lamar Advertising (NASDAQ:LAMR) last released its quarterly earnings results 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). Lamar Advertising had a return on equity of 29.03% and a net margin of 20.33%. The business had revenue of $399.30 million for the quarter, compared to the consensus estimate of $392.10 million. During the same period in the prior year, the business posted $0.87 earnings per share. Lamar Advertising’s revenue was up 3.0% compared to the same quarter last year. analysts anticipate that Lamar Advertising will post 4.83 EPS for the current fiscal year.
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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