Lamar Advertising (NASDAQ:LAMR) is set to announce its earnings results before the market opens on Wednesday, May 2nd. Lamar Advertising has set its FY18 guidance at $2.96-3.11 EPS.
Lamar Advertising (NASDAQ:LAMR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.37). The business had revenue of $398.50 million during the quarter, compared to the consensus estimate of $395.71 million. Lamar Advertising had a return on equity of 29.41% and a net margin of 20.61%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.81 earnings per share.
Shares of NASDAQ:LAMR opened at $62.51 on Wednesday. The stock has a market cap of $5,231.82, a PE ratio of 12.34, a PEG ratio of 4.04 and a beta of 1.05. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.30. Lamar Advertising has a 12 month low of $61.36 and a 12 month high of $79.17.
Several equities analysts have recently commented on LAMR shares. BidaskClub downgraded shares of Lamar Advertising from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Lamar Advertising from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Morgan Stanley increased their price target on shares of Lamar Advertising from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Finally, MKM Partners increased their price target on shares of Lamar Advertising from $64.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $73.25.
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About Lamar Advertising
Founded in 1902, Lamar Advertising (Nasdaq:LAMR) is one of the largest outdoor advertising companies in North America, with more than 348,000 displays across the United States, Canada and Puerto Rico. Lamar offers advertisers a variety of billboard, interstate logo and transit advertising formats, helping both local businesses and national brands reach broad audiences every day.
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