Lamar Advertising (NASDAQ:LAMR - Get Free Report) announced its quarterly earnings data on Thursday. The real estate investment trust reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.74, Zacks reports. The firm had revenue of $579.57 million for the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 23.46% and a return on equity of 42.58%. Lamar Advertising updated its FY 2025 guidance to 6.010-6.070 EPS.
Lamar Advertising Price Performance
Shares of LAMR stock traded down $0.40 during mid-day trading on Friday, hitting $121.91. 736,909 shares of the stock were exchanged, compared to its average volume of 507,221. The firm has a fifty day moving average of $124.74 and a 200 day moving average of $127.31. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.48. Lamar Advertising has a 52-week low of $107.22 and a 52-week high of $139.88. The company has a market cap of $12.48 billion, a PE ratio of 24.38 and a beta of 1.51.
Lamar Advertising Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 5.09%. The ex-dividend date is Friday, March 14th. Lamar Advertising's dividend payout ratio is presently 112.00%.
Analysts Set New Price Targets
LAMR has been the topic of several recent research reports. StockNews.com lowered shares of Lamar Advertising from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Wells Fargo & Company lowered their price target 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. JPMorgan Chase & Co. lowered their price target on shares of Lamar Advertising from $129.00 to $126.00 and set a "neutral" rating on the stock in a report on Friday. TD Cowen upped their price target on shares of Lamar Advertising from $142.00 to $160.00 and gave the company a "buy" rating in a report 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 report on Monday, November 11th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $133.40.
View Our Latest Stock Analysis on LAMR
About Lamar Advertising
(
Get Free Report)
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.
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