Streetbeat News

LAMR

Lamar Advertising Company

https://www.lamar.com

Industry

REIT - Specialty

Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 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. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.

Open

129.01

Mkt cap

13B

Volume

302K

High

129.76

P/E Ratio

25.80

52-wk high

139.88

Low

128.15

Div yield

0.04

52-wk low

100.15

Lamar Advertising Company has declared a quarterly cash dividend of $1.40 per share and a special cash dividend of $0.25 per share, payable on December 30, 2024, to stockholders of record on December 18, 2024.

Portfolio Pulse from

December 06, 2024 | 9:30 pm

Lamar Advertising (LAMR) reported its Q3 2024 results, missing AFFO estimates due to elevated expenses, but showed strength in local and programmatic sales. The company raised its 2024 guidance.

Portfolio Pulse from

November 11, 2024 | 4:30 pm

Lamar Advertising Company (LAMR) held its Q3 2024 earnings call, discussing financial performance and future outlook. Key participants included CEO Sean Reilly and CFO Jay Johnson, with analysts from Morgan Stanley, Citi, Wells Fargo, and TD Cowen attending.

Portfolio Pulse from

November 08, 2024 | 5:45 pm

Lamar Advertising (LAMR) reported Q3 funds from operations (FFO) of $2.15 per share, missing the Zacks Consensus Estimate of $2.21. This is an increase from $2.04 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 1:30 pm

Lamar Advertising Company reported its third-quarter 2024 financial results, with net revenues of $564.1 million and net income of $147.8 million. The company also reported an adjusted EBITDA of $271.2 million for the quarter.

Portfolio Pulse from

November 08, 2024 | 11:15 am

In the past three months, analysts have shown varied opinions on Lamar Advertising (NASDAQ:LAMR), with a mix of bullish and indifferent ratings. The average 12-month price target has increased to $130.0, reflecting a 3.17% rise. Lamar's financials show strong market presence, positive revenue growth, and effective cost management.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 2:01 pm

Wells Fargo has initiated coverage on Lamar Advertising with an Equal-Weight rating and set a price target of $132.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 1:47 pm

Lamar Advertising (NYSE:LAMR) has seen a 9.42% decrease in its short percent of float, now at 2.98%. This is lower than its peers' average of 5.98%. The decrease in short interest may indicate a more bullish sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 8:30 pm

TD Cowen analyst Lance Vitanza maintains a Buy rating on Lamar Advertising (NASDAQ:LAMR) and raises the price target from $135 to $140.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:58 pm

Lamar Advertising continues to place at the top end of its guidance range of $7.75-$7.90 for FY AFFO per share.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 10:05 am

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