Lamar Advertising (NASDAQ:LAMR) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.85 per share for the quarter.
Lamar Advertising (NASDAQ LAMR) opened at $71.88 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. The company has a market capitalization of $6,810.44, a P/E ratio of 22.82, a P/E/G ratio of 4.49 and a beta of 1.02. Lamar Advertising has a 52-week low of $62.45 and a 52-week high of $79.17.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Friday, March 16th. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.83. Lamar Advertising’s dividend payout ratio (DPR) is 105.40%.
In other Lamar Advertising news, Director Stephen P. Mumblow sold 4,000 shares of Lamar Advertising 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 completion of the transaction, the director now owns 11,031 shares in the company, valued at approximately $864,058.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 14.70% of the company’s stock.
Several equities analysts recently commented on LAMR shares. BidaskClub upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup downgraded Lamar Advertising from a “neutral” rating to a “sell” rating and set a $68.00 target price for the company. in a research report on Wednesday, December 20th. Morgan Stanley lifted their price objective on Lamar Advertising from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research downgraded Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $72.25.
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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