News stories about Lamar Advertising (NASDAQ:LAMR) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lamar Advertising earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.9624765601316 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Lamar Advertising Company (REIT) (LAMR) Describing Technical Facts through volume and Volatility Indicators – Investing News Update (investingbizz.com)
- Lamar Advertising Company: Cash Cow Stock Yields 6% (incomeinvestors.com)
- Notable Thursday Option Activity: LAMR, ULTA, SEAS – Nasdaq (nasdaq.com)
- Lamar Advertising (LAMR) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Lamar Advertising stock traded down $0.87 during trading hours on Thursday, hitting $63.24. 813,492 shares of the stock traded hands, compared to its average volume of 682,439. Lamar Advertising has a 1-year low of $62.45 and a 1-year high of $79.17. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $6,353.36, a P/E ratio of 19.64, a P/E/G ratio of 4.19 and a beta of 1.06.
Lamar Advertising (NASDAQ:LAMR) last posted its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.37). The business had revenue of $398.50 million for the quarter, compared to analyst estimates of $395.71 million. Lamar Advertising had a net margin of 20.61% and a return on equity of 29.41%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. research analysts forecast that Lamar Advertising will post 5.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Monday, March 19th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 16th. This is an increase from Lamar Advertising’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a yield of 5.76%. Lamar Advertising’s payout ratio is currently 113.04%.
Several equities research analysts have recently commented on LAMR shares. BidaskClub upgraded shares of Lamar Advertising from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Citigroup downgraded 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. 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. Finally, Morgan Stanley lifted their price objective 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.25.
About Lamar Advertising
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.
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