Shares of Lamar Advertising Co (NASDAQ:LAMR) have received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $78.00.
A number of analysts recently issued reports on LAMR shares. Imperial Capital reissued an “outperform” rating and set a $88.00 price target (down from $94.00) on shares of Lamar Advertising in a report on Wednesday, January 23rd. BidaskClub downgraded shares of Lamar Advertising from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 2nd. ValuEngine upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. MKM Partners upped their price objective on shares of Lamar Advertising to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 21st. Finally, Zacks Investment Research cut shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd.
NASDAQ LAMR traded down $0.85 during mid-day trading on Monday, reaching $81.30. 3,941 shares of the stock were exchanged, compared to its average volume of 296,801. Lamar Advertising has a 1 year low of $64.51 and a 1 year high of $83.51. The company has a market capitalization of $8.21 billion, a PE ratio of 14.76 and a beta of 1.00. The company has a debt-to-equity ratio of 3.48, a quick ratio of 0.52 and a current ratio of 0.52.
Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.43). Lamar Advertising had a return on equity of 30.95% and a net margin of 20.68%. The firm had revenue of $384.50 million for the quarter, compared to analysts’ expectations of $384.84 million. During the same period last year, the company posted $0.15 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts expect that Lamar Advertising will post 5.6 EPS for the current year.
In other Lamar Advertising news, Director Thomas V. Reifenheiser sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $81.05, for a total transaction of $324,200.00. Following the completion of the transaction, the director now directly owns 38,708 shares in the company, valued at $3,137,283.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Keith A. Istre sold 22,263 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $76.84, for a total transaction of $1,710,688.92. Following the transaction, the chief financial officer now owns 135,185 shares of the company’s stock, valued at $10,387,615.40. The disclosure for this sale can be found here. Insiders have sold 200,163 shares of company stock valued at $15,835,029 over the last 90 days. 15.19% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of LAMR. Parallel Advisors LLC raised its position in shares of Lamar Advertising by 169.5% in the first quarter. Parallel Advisors LLC now owns 318 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Tompkins Financial Corp raised its position in shares of Lamar Advertising by 63.3% in the first quarter. Tompkins Financial Corp now owns 343 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 133 shares during the last quarter. Taylor Hoffman Wealth Management acquired a new stake in shares of Lamar Advertising in the fourth quarter valued at about $26,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Lamar Advertising in the first quarter valued at about $34,000. Finally, Whittier Trust Co. raised its position in shares of Lamar Advertising by 336.2% in the fourth quarter. Whittier Trust Co. now owns 458 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 353 shares during the last quarter. Institutional investors own 81.88% of the company’s stock.
About Lamar Advertising
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.
Featured Article: Calculate Your Return on Investment (ROI)
Receive News & Ratings for Lamar Advertising Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lamar Advertising and related companies with MarketBeat.com's FREE daily email newsletter.