Lamar Advertising (NASDAQ:LAMR) Posts Earnings Results

Lamar Advertising (NASDAQ:LAMR) released its earnings results on Thursday. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.74, Zacks reports. The company had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a return on equity of 42.58% and a net margin of 23.46%. Lamar Advertising updated its FY 2025 guidance to 6.010-6.070 EPS.

Lamar Advertising Stock Performance

Shares of Lamar Advertising stock traded down $0.55 during trading on Friday, reaching $121.76. The company’s stock had a trading volume of 60,607 shares, compared to its average volume of 486,616. The firm has a market cap of $12.46 billion, a PE ratio of 24.37 and a beta of 1.51. Lamar Advertising has a fifty-two week low of $107.22 and a fifty-two week high of $139.88. The company has a 50-day moving average price of $124.74 and a two-hundred day moving average price of $127.31. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.55 per share. This is a positive change from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, March 14th. Lamar Advertising’s dividend payout ratio (DPR) is currently 112.00%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LAMR shares. StockNews.com cut Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. dropped their price target on Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. TD Cowen increased their target price on Lamar Advertising from $142.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price target on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $133.40.

Lamar Advertising Company Profile

Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.