Brokerages expect Lamar Advertising Co (NASDAQ:LAMR) to announce $1.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lamar Advertising’s earnings. Lamar Advertising reported earnings of $1.51 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The business is expected to report its next earnings report on Thursday, November 14th.

According to Zacks, analysts expect that Lamar Advertising will report full-year earnings of $5.83 per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of $6.33 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Lamar Advertising.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.42). The company had revenue of $448.74 million for the quarter, compared to analysts’ expectations of $451.85 million. Lamar Advertising had a net margin of 21.39% and a return on equity of 32.10%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.02 earnings per share.

LAMR has been the subject of a number of recent analyst reports. ValuEngine cut Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub cut Lamar Advertising from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $81.25.

Shares of Lamar Advertising stock traded down $1.69 on Friday, reaching $74.56. The company’s stock had a trading volume of 337,669 shares, compared to its average volume of 385,958. The company has a market capitalization of $7.65 billion, a P/E ratio of 13.56 and a beta of 0.95. Lamar Advertising has a 52-week low of $64.51 and a 52-week high of $84.50. The stock has a 50-day moving average price of $79.25 and a 200-day moving average price of $79.54. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.33.

Several institutional investors have recently bought and sold shares of the company. Natixis acquired a new position in Lamar Advertising during the second quarter worth $225,000. Vestmark Advisory Solutions Inc. boosted its stake in Lamar Advertising by 3.6% during the second quarter. Vestmark Advisory Solutions Inc. now owns 9,013 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 317 shares during the last quarter. Barings LLC acquired a new position in Lamar Advertising during the second quarter worth $274,000. Chartwell Investment Partners LLC boosted its stake in Lamar Advertising by 8.7% during the second quarter. Chartwell Investment Partners LLC now owns 124,787 shares of the real estate investment trust’s stock worth $10,071,000 after buying an additional 9,992 shares during the last quarter. Finally, Colony Group LLC acquired a new position in Lamar Advertising during the second quarter worth $5,380,000. Institutional investors and hedge funds own 80.96% of the company’s stock.

Lamar Advertising Company Profile

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with approximately 360,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day.

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Earnings History and Estimates for Lamar Advertising (NASDAQ:LAMR)

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