Lamar Advertising Co (NASDAQ:LAMR) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.96 per share by the real estate investment trust on Monday, December 30th. This represents a $3.84 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, December 13th.
Lamar Advertising stock traded up $0.24 during mid-day trading on Wednesday, reaching $83.98. The stock had a trading volume of 271,550 shares, compared to its average volume of 347,590. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.51 and a current ratio of 0.51. Lamar Advertising has a fifty-two week low of $64.51 and a fifty-two week high of $85.00. The stock’s 50-day simple moving average is $82.40 and its 200-day simple moving average is $80.39. The firm has a market capitalization of $8.38 billion, a PE ratio of 15.27 and a beta of 0.95.
Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.08). Lamar Advertising had a net margin of 21.23% and a return on equity of 32.10%. The firm had revenue of $457.80 million during the quarter, compared to analyst estimates of $452.91 million. During the same period last year, the business posted $0.95 EPS. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts forecast that Lamar Advertising will post 5.63 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Imperial Capital reduced their price objective on Lamar Advertising from $89.00 to $86.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. They noted that the move was a valuation call. BidaskClub cut Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, ValuEngine cut Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $80.75.
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.
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