Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lamar Advertising (LAMR) Share Price
News articles about Lamar Advertising (NASDAQ:LAMR) have been trending somewhat positive on Sunday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lamar Advertising earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.2679170176286 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Lamar Advertising (LAMR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Aimco’s (AIV) Lawsuit Against Airbnb Dismissed in California – Nasdaq (nasdaq.com)
- Lamar Advertising Company (REIT) (LAMR) crosses 50- SMA down along -1.73% – The Stocks News (press release) (thestocksnews.com)
- Lamar Advertising Co. : LAMR-US: Dividend Analysis : December 18th, 2017 (record date) : By the numbers : January 3, 2018 (finance.yahoo.com)
- Here’s Why You Should Hold on to Extra Space (EXR) Stock Now (zacks.com)
Several research analysts recently weighed in on the company. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Morgan Stanley reduced their price target on Lamar Advertising from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Monday, September 18th. Finally, Citigroup cut Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 price target for the company. in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $73.40.
Lamar Advertising (NASDAQ LAMR) opened at $71.61 on Friday. 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 has a 12-month low of $62.45 and a 12-month high of $79.17. The firm has a market capitalization of $7,039.79, a P/E ratio of 22.73, a P/E/G ratio of 4.64 and a beta of 1.15.
Lamar Advertising (NASDAQ:LAMR) last issued its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. equities analysts predict that Lamar Advertising will post 4.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 18th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.64%. Lamar Advertising’s payout ratio is currently 105.40%.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 11,031 shares of the company’s stock, valued at $864,058.23. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 14.70% of the stock is currently owned by company insiders.
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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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