Lamar Advertising Company (LAMR) To Go Ex-Dividend on December 22nd

by · The Markets Daily

Lamar Advertising Company (NASDAQ:LAMR – Get Free Report) declared a quarterly dividend on Thursday, December 11th. Shareholders of record on Monday, December 22nd will be given a dividend of 1.55 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, December 22nd.

Lamar Advertising has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 5 years. Lamar Advertising has a payout ratio of 113.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Lamar Advertising to earn $8.43 per share next year, which means the company should continue to be able to cover its $6.20 annual dividend with an expected future payout ratio of 73.5%.

Lamar Advertising Price Performance

Shares of LAMR opened at $128.00 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.04. Lamar Advertising has a twelve month low of $99.84 and a twelve month high of $134.63. The stock has a market capitalization of $12.96 billion, a P/E ratio of 30.05 and a beta of 1.23. The company has a 50 day moving average of $124.94 and a 200-day moving average of $123.79.

Lamar Advertising (NASDAQ:LAMR – Get Free Report) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $2.20 EPS for the quarter, topping the consensus estimate of $2.14 by $0.06. The business had revenue of $585.54 million during the quarter, compared to analysts’ expectations of $584.00 million. Lamar Advertising had a net margin of 19.27% and a return on equity of 43.02%. As a group, equities research analysts forecast that Lamar Advertising will post 7.92 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Lamar Advertising from $135.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Lamar Advertising in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price target on Lamar Advertising from $122.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Lamar Advertising currently has a consensus rating of “Hold” and an average target price of $131.75.

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Lamar Advertising Company Profile

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Lamar Advertising Company operates as an outdoor advertising company in the United States and Canada. The company owns and operates billboards, logo signs, and transit advertising displays, as well as rents space for advertising on billboards, buses, shelters, benches, logo plates, and in airport terminals.

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