Lamar Advertising (NASDAQ:LAMR) updated its FY21 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.96-3.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.98. Lamar Advertising also updated its FY 2021 guidance to 2.960-3.120 EPS.
A number of research firms have weighed in on LAMR. TheStreet raised shares of Lamar Advertising from a c+ rating to a b- rating in a research note on Monday, January 11th. Morgan Stanley increased their target price on shares of Lamar Advertising from $105.00 to $115.00 and gave the company an overweight rating in a report on Friday. Finally, Citigroup increased their target price on shares of Lamar Advertising from $80.00 to $88.00 in a report on Wednesday, March 3rd.
Shares of LAMR stock traded up $1.20 on Tuesday, hitting $102.61. The stock had a trading volume of 971,094 shares, compared to its average volume of 502,459. The business has a 50 day moving average of $96.38 and a 200 day moving average of $84.82. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 43.66 and a beta of 1.46. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.62 and a quick ratio of 0.62. Lamar Advertising has a 12-month low of $53.37 and a 12-month high of $103.53.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Monday, March 22nd were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, March 19th. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.50. Lamar Advertising’s dividend payout ratio (DPR) is 51.72%.
Lamar Advertising Company Profile
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 357,500 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.
Read More: Return on Investment (ROI)
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