Profile
Sector:
Real EstateIndustry:
SpecialtyCountry:
United StatesIPO:
02 August 1996Website:
http://www.lamar.comNext earnings report:
02 August 2024Last dividends:
17 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 17:03:45 GMTAnalysts recommendations
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LAMR Latest News
Lamar Advertising (LAMR) is poised to benefit from its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts, though choppiness in the national business and high interest rates remain woes.
Healthy operating performance, strength in local sales and strategic acquisitions have hiked Lamar's (LAMR) shares by 11.7% year to date.
BATON ROUGE, La., May 16, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a top owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has approved a quarterly cash dividend of $1.30 per share. The dividend will be paid on June 28, 2024 to stockholders of Lamar's Class A common stock and Class B common stock who are on record as of June 17, 2024. Lamar anticipates that total quarterly distributions to stockholders in 2024, including the upcoming dividend, will be at least $5.20 per common share, pending board approval.
Lamar Advertising (LAMR) has a strong presence in the U.S. outdoor advertising industry, supported by a diverse tenant roster, strategic acquisitions, and ongoing portfolio improvements that fuel its growth.
Lamar (LAMR) could experience an increase in value due to increasing confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #1 (Strong Buy).
Lamar's (LAMR) Q1 2024 earnings show robust local sales and revenue growth compared to the previous year, but there is a noticeable increase in interest expenses.
Lamar Advertising (LAMR) reported quarterly funds from operations (FFO) of $1.54 per share, surpassing the Zacks Consensus Estimate of $1.52 per share. This is an improvement from FFO of $1.41 per share in the same quarter last year.
Lamar Advertising Company (Nasdaq: LAMR) will announce its first quarter earnings for the period ending March 31, 2024 on Thursday, May 2, 2024 before the market opens. A conference call will be held on the same day at 8:00 a.m. (Central time) to discuss the results and address any operational inquiries.
Lamar (LAMR) holds a significant market share in the US outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.
Lamar Advertising reported strong numbers despite external headwinds such as weak ad spending and political advertising downturn. The company's success is attributed to its efficient operations, cost-saving measures, and disciplined capital spending. Lamar's 2024 guidance exceeded consensus estimates, and the stock looks undervalued.
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What type of business is Lamar Advertising?
Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 352,000 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. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with approximately 3,800 displays.
What sector is Lamar Advertising in?
Lamar Advertising is in the Real Estate sector
What industry is Lamar Advertising in?
Lamar Advertising is in the Specialty industry
What country is Lamar Advertising from?
Lamar Advertising is headquartered in United States
When did Lamar Advertising go public?
Lamar Advertising initial public offering (IPO) was on 02 August 1996
What is Lamar Advertising website?
https://www.lamar.com
Is Lamar Advertising in the S&P 500?
No, Lamar Advertising is not included in the S&P 500 index
Is Lamar Advertising in the NASDAQ 100?
No, Lamar Advertising is not included in the NASDAQ 100 index
Is Lamar Advertising in the Dow Jones?
No, Lamar Advertising is not included in the Dow Jones index
When does Lamar Advertising report earnings?
The next expected earnings date for Lamar Advertising is 02 August 2024