Lamar Advertising (NASDAQ:LAMR) Releases Quarterly Earnings Results

Lamar Advertising (NASDAQ:LAMR) posted 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 business had revenue of $579.57 million during the quarter, compared to analyst estimates of $583.19 million. Lamar Advertising had a net margin of 16.40% and a return on equity of 30.20%. Lamar Advertising updated its FY 2025 guidance to 6.010-6.070 EPS.

Lamar Advertising Stock Performance

LAMR opened at $121.91 on Friday. The stock’s 50 day simple moving average is $124.74 and its 200-day simple moving average is $127.31. Lamar Advertising has a 1 year low of $107.22 and a 1 year high of $139.88. The stock has a market cap of $12.48 billion, a PE ratio of 34.54 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.48.

Lamar Advertising Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.55 dividend. This is an increase from Lamar Advertising’s previous quarterly dividend of $1.40. This represents a $6.20 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, March 14th. Lamar Advertising’s payout ratio is currently 158.64%.

Analysts Set New Price Targets

Several brokerages recently commented on LAMR. TD Cowen upped their price target 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. JPMorgan Chase & Co. decreased their target price on shares of Lamar Advertising from $129.00 to $126.00 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company decreased their target price on shares of Lamar Advertising from $132.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. StockNews.com downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of Lamar Advertising from $125.00 to $135.00 and gave the stock 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 data from MarketBeat.com, Lamar Advertising has an average rating of “Hold” and an average price target of $133.40.

Lamar Advertising Company Profile

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.