Lamar Advertising Co Declares Quarterly Dividend of $0.96 (NASDAQ:LAMR)

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.

In other Lamar Advertising news, Director Stephen P. Mumblow sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $79.81, for a total value of $279,335.00. Following the completion of the sale, the director now owns 5,580 shares of the company’s stock, valued at $445,339.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.19% of the company’s stock.

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.

Further Reading: How To Calculate Debt-to-Equity Ratio

Dividend History for Lamar Advertising (NASDAQ:LAMR)

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