We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lamar Advertising Co. (LAMR - Free Report) reported first-quarter 2017 adjusted funds from operations (FFO) of 88 cents per share, missing the Zacks Consensus Estimate of 91 cents. Also, the FFO per share figure came in lower than the year-ago figure of 95 cents.
Results reflected year-over-year decline in operating income, adjusted EBITDA and cash flow from operating activities.
Net revenue for the quarter increased 2.3% year over year to $346.4 million. Also, the top-line figure surpassed the Zacks Consensus Estimate of $345 million by a whisker.
Quarter in Detail
Operating income declined to $75.5 million from $86.8 million in the prior-year period. Adjusted earnings before interest, taxes, depreciation and amortization declined 1.4% year over year to $128.3 million. Moreover, free cash flow decreased 2.5% year over year to $76.3 million.
At the quarter end, Lamar had total liquidity of $159.9 million, of which $128.3 million was available under its revolving senior credit facility, and $31.6 million in cash and cash equivalents.
Our Take
Higher expenses associated with acquisition of outdoor advertising assets, competition from other outdoor advertisers and other forms of media, and any rise of interest rates, pose challenges before Lamar.
Lamar Advertising Company Price, Consensus and EPS Surprise
Some real estate companies which are expected to report results next week include Mack-Cali Realty Corporation , Regency Centers Corporation (REG - Free Report) and Farmland Partners Inc. (FPI - Free Report) .
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Lamar (LAMR) Q1 FFO Misses Estimates, Revenues Increase Y/Y
Lamar Advertising Co. (LAMR - Free Report) reported first-quarter 2017 adjusted funds from operations (FFO) of 88 cents per share, missing the Zacks Consensus Estimate of 91 cents. Also, the FFO per share figure came in lower than the year-ago figure of 95 cents.
Results reflected year-over-year decline in operating income, adjusted EBITDA and cash flow from operating activities.
Net revenue for the quarter increased 2.3% year over year to $346.4 million. Also, the top-line figure surpassed the Zacks Consensus Estimate of $345 million by a whisker.
Quarter in Detail
Operating income declined to $75.5 million from $86.8 million in the prior-year period. Adjusted earnings before interest, taxes, depreciation and amortization declined 1.4% year over year to $128.3 million. Moreover, free cash flow decreased 2.5% year over year to $76.3 million.
At the quarter end, Lamar had total liquidity of $159.9 million, of which $128.3 million was available under its revolving senior credit facility, and $31.6 million in cash and cash equivalents.
Our Take
Higher expenses associated with acquisition of outdoor advertising assets, competition from other outdoor advertisers and other forms of media, and any rise of interest rates, pose challenges before Lamar.
Lamar Advertising Company Price, Consensus and EPS Surprise
Lamar Advertising Company Price, Consensus and EPS Surprise | Lamar Advertising Company Quote
Lamar currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some real estate companies which are expected to report results next week include Mack-Cali Realty Corporation , Regency Centers Corporation (REG - Free Report) and Farmland Partners Inc. (FPI - Free Report) .
Note: All EPS numbers presented in this write-up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>