Lamar Advertising (LAMR) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Lamar Advertising (NASDAQ:LAMR) from a hold rating to a sell rating in a research note published on Tuesday morning.

A number of other brokerages have also recently issued reports on LAMR. Morgan Stanley dropped their price objective on shares of Lamar Advertising from $75.00 to $68.00 and set an equal weight rating for the company in a research note on Monday, September 18th. ValuEngine upgraded shares of Lamar Advertising from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Citigroup cut shares of Lamar Advertising from a neutral rating to a sell rating and set a $68.00 price objective for the company. in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Lamar Advertising presently has an average rating of Hold and a consensus price target of $73.40.

Shares of Lamar Advertising (LAMR) traded down $1.14 during mid-day trading on Tuesday, hitting $71.43. 297,934 shares of the stock were exchanged, compared to its average volume of 458,076. Lamar Advertising has a 52 week low of $62.45 and a 52 week high of $79.17. The firm has a market cap of $7,143.14, a PE ratio of 22.68, a price-to-earnings-growth ratio of 4.71 and a beta of 1.15. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 2.23.

Lamar Advertising (NASDAQ:LAMR) last announced its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.34). Lamar Advertising had a net margin of 20.33% and a return on equity of 29.03%. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $392.10 million. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. research analysts forecast that Lamar Advertising will post 4.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 18th were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 4.65%. Lamar Advertising’s payout ratio is 105.40%.

In other news, Director Stephen P. Mumblow sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $78.33, for a total value of $313,320.00. Following the sale, the director now owns 11,031 shares of the company’s stock, valued at approximately $864,058.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Westpac Banking Corp bought a new stake in shares of Lamar Advertising in the 2nd quarter worth about $176,000. San Francisco Sentry Investment Group CA bought a new stake in Lamar Advertising during the 3rd quarter worth about $164,000. Verity Asset Management Inc. bought a new stake in Lamar Advertising during the 2nd quarter worth about $204,000. Argent Trust Co bought a new stake in Lamar Advertising during the 3rd quarter worth about $207,000. Finally, Alpha Cubed Investments LLC bought a new stake in Lamar Advertising during the 3rd quarter worth about $211,000. 84.35% of the stock is currently owned by institutional investors and hedge funds.

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Lamar Advertising Company Profile

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards, buses, shelters, benches and logo plates. It operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays.

Analyst Recommendations for Lamar Advertising (NASDAQ:LAMR)

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