EPS of $1.79 expected for Lamar Advertising (NASDAQ:LAMR) this quarter
Wall Street brokers expect Lamar Advertising (NASDAQ:LAMR – Get a rating) will report earnings per share of $1.79 for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for Lamar Advertising. Lamar Advertising posted earnings per share of $1.75 in the same quarter last year, suggesting a positive year-over-year growth rate of 2.3%. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Lamar Advertising to report annual earnings of $7.28 per share for the current year. For the next fiscal year, analysts expect the company to post earnings of $7.69 per share. Zacks Investment Research EPS averages are an average based on a survey of sell-side research companies that track Lamar Advertising.
Lamar Advertising (NASDAQ:LAMR – Get a rating) last released its quarterly results on Thursday, May 5. The real estate investment trust reported earnings per share (EPS) of $0.91 for the quarter, beating the consensus estimate of $0.73 by $0.18. Lamar Advertising achieved a net margin of 23.66% and a return on equity of 35.97%. The company posted revenue of $451.40 million for the quarter, compared to $427.21 million expected by analysts. During the same period last year, the company achieved EPS of $1.15. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year.
Several equity research analysts have published reports on LAMR shares. StockNews.com moved shares of Lamar Advertising from a “buy” rating to a “strong buy” rating in a Thursday, May 19 research note. Morgan Stanley cut its price target on Lamar Advertising shares from $138.00 to $135.00 and set an “overweight” rating on the stock in a Monday, Feb. 28 report. Finally, Wolfe Research assumed coverage of Lamar Advertising shares in a report on Tuesday, March 29. They set a “market performance” rating and a price target of $131.00 on the stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of LAMR. National Bank of Canada FI bought a new position in Lamar Advertising in the fourth quarter worth approximately $33,000. Dark Forest Capital Management LP bought a new position in Lamar Advertising in the third quarter worth approximately $35,000. NEXT Financial Group Inc increased its stake in Lamar Advertising by 261.3% in the fourth quarter. NEXT Financial Group Inc now owns 289 shares of the real estate investment trust worth $35,000 after purchasing an additional 209 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in Lamar Advertising in the fourth quarter worth approximately $37,000. Finally, UMB Bank NA MO acquired a new stake in Lamar Advertising in the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.03% of the company’s shares.
Shares of Lamar Advertising traded at $2.80 at midday on Friday, hitting $98.77. 399,876 shares were traded, against an average volume of 711,977. Lamar Advertising has a 12-month low of $89.14 and a 12-month high of $124.32. The stock has a market capitalization of $10.02 billion, a price-earnings ratio of 22.71 and a beta of 1.37. The company has a 50-day simple moving average of $108.43 and a 200-day simple moving average of $111.38. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt ratio of 2.43.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Monday, June 20 will receive a dividend of $1.20. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.10. The ex-dividend date is Thursday, June 16. This represents an annualized dividend of $4.80 and a yield of 4.86%. Lamar Advertising’s dividend payout ratio (DPR) is currently 101.15%.
About Lamar Advertising (Get a rating)
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with more than 352,000 displays across the United States and Canada. Lamar offers advertisers a variety of advertising formats from billboards, interstate logos, transit and airports, helping local businesses and national brands reach large audiences every day.
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