Earnings results for Lamar Advertising (NASDAQ:LAMR)
Lamar Advertising Company is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.13. The reported EPS for the same quarter last year was $1.12.
Lamar Advertising last released its earnings data on February 25th, 2021. The real estate investment trust reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.30. The business earned $428.50 million during the quarter, compared to analyst estimates of $413.89 million. Its revenue was down 7.4% compared to the same quarter last year. Lamar Advertising has generated $5.80 earnings per share over the last year and currently has a price-to-earnings ratio of 42.1. Lamar Advertising has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Lamar Advertising will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on Lamar Advertising (NASDAQ:LAMR)
2 Wall Street analysts have issued ratings and price targets for Lamar Advertising in the last 12 months. Their average twelve-month price target is $89.00, predicting that the stock has a possible downside of 10.14%. The high price target for LAMR is $115.00 and the low price target for LAMR is $73.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
Lamar Advertising has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $89.00, Lamar Advertising has a forecasted downside of 10.1% from its current price of $99.04. Lamar Advertising has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Lamar Advertising (NASDAQ:LAMR)
Lamar Advertising pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends. Lamar Advertising has only been increasing its dividend for 1 years. The dividend payout ratio of Lamar Advertising is 51.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lamar Advertising will have a dividend payout ratio of 47.02% next year. This indicates that Lamar Advertising will be able to sustain or increase its dividend.
Insiders buying/selling: Lamar Advertising (NASDAQ:LAMR)
In the past three months, Lamar Advertising insiders have not sold or bought any company stock. Only 15.02% of the stock of Lamar Advertising is held by insiders. 76.62% of the stock of Lamar Advertising is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Lamar Advertising (NASDAQ:LAMR
Earnings for Lamar Advertising are expected to grow by 35.46% in the coming year, from $4.71 to $6.38 per share. The P/E ratio of Lamar Advertising is 42.14, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.00. The P/E ratio of Lamar Advertising is 42.14, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.04. Lamar Advertising has a P/B Ratio of 8.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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