Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Lamar Advertising (LAMR) Stock Price
News headlines about Lamar Advertising (NASDAQ:LAMR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lamar Advertising earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 47.2151882352206 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- Lamar Advertising Company (LAMR) Price Target Cut to $66.00 by Analysts at Citigroup Inc. (americanbankingnews.com)
- $396.01 Million in Sales Expected for Lamar Advertising Company (LAMR) This Quarter (americanbankingnews.com)
- Victory Capital Management Inc Increases Its Investment in Lamar Advertising Company (LAMR) (campdesrecrues.com)
- Lamar Advertising Company (NASDAQ:LAMR) Stock Tumbles on Reporting 2Q Results News (wisdomsave.com)
Lamar Advertising (NASDAQ:LAMR) traded down 1.15% during mid-day trading on Friday, reaching $65.13. The company had a trading volume of 858,318 shares. Lamar Advertising has a 1-year low of $58.68 and a 1-year high of $79.09. The firm has a 50-day moving average of $71.17 and a 200 day moving average of $73.01. The company has a market capitalization of $6.38 billion, a PE ratio of 21.36 and a beta of 1.12.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.37. The company had revenue of $397.10 million during the quarter, compared to the consensus estimate of $399.09 million. Lamar Advertising had a net margin of 19.75% and a return on equity of 28.21%. Lamar Advertising’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. On average, analysts predict that Lamar Advertising will post $3.12 earnings per share for the current fiscal year.
A number of analysts recently weighed in on LAMR shares. Zacks Investment Research downgraded Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. ValuEngine upgraded Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. BidaskClub downgraded Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Loop Capital restated a “buy” rating and issued a $87.00 target price on shares of Lamar Advertising in a research report on Friday, June 9th. Finally, MKM Partners dropped their target price on Lamar Advertising from $72.00 to $64.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.40.
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In other news, Director Stephen P. Mumblow sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $70.61, for a total value of $1,412,200.00. Following the completion of the sale, the director now directly owns 5,970 shares of the company’s stock, valued at approximately $421,541.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.66% of the stock is owned by company insiders.
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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