Lamar Advertising (LAMR) Projected to Post Quarterly Earnings on Thursday

Lamar Advertising (NASDAQ:LAMR - Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Lamar Advertising to post earnings of $1.47 per share and revenue of $583.19 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Lamar Advertising Stock Performance

NASDAQ:LAMR traded up $1.55 during trading hours on Friday, hitting $130.04. 449,683 shares of the company were exchanged, compared to its average volume of 380,884. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 26.01 and a beta of 1.51. Lamar Advertising has a 52-week low of $105.44 and a 52-week high of $139.88. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.56 and a quick ratio of 0.56. The company's 50 day moving average price is $124.79 and its 200-day moving average price is $127.12.

Lamar Advertising Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 18th were given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Wednesday, December 18th. Lamar Advertising's dividend payout ratio is presently 112.00%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. TD Cowen boosted their target price on shares of Lamar Advertising from $142.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Wells Fargo & Company dropped their price objective 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. StockNews.com downgraded shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Lamar Advertising from $125.00 to $135.00 and gave the company an "equal weight" rating in a report on Monday, November 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Lamar Advertising presently has a consensus rating of "Hold" and a consensus price target of $132.40.

About Lamar Advertising

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.