Zacks' 7 Best Stocks for July, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 06/19/2013

Company Name Symbol %Change
SONIC FOUNDR SOFO
4.40%
SUPPORTCOM I SPRT
3.75%
UNISYS CORP UIS
3.31%
SHORETEL INC SHOR
3.22%
GREEN MOUNTA GMCR
3.13%

Lamar Wins Ad Contract

by Zacks Equity Research

June 11, 2012 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Lamar Advertising Co’s (LAMR - Analyst Report) Albany based transit advertising entity, Lamar Transit Advertising recently announced that it has been awarded an advertising contract from Albany International Airport.

Within a tenure of five years the Albany International Airport is expected to earn approximately $800,000 revenue from the venture. Additionally, it will also receive 45% of Lamar Transit’s advertising revenue produced within these five years.

Under this pact, Lamar will focus more on improving Albany International Airport’s display advertising entity and raise its revenue through its inventive strategy. Consequently, this initiative will usher in enormous opportunities for the airport’s display advertising to grow in future. Lamar is estimating that the sales from advertising will reach $700,000 in the first year and a whopping $1.4 million at the end of contract period.

The company’s comprehensive range of media services helped it become a leading provider of outdoor advertising. Lamar’s pro forma net revenue jumped 4.1% annually to $266.2 million in the first quarter of fiscal 2012. Alongside, the company has a large and growing presence in the transit-related advertising market. In the first quarter of fiscal 2012, Lamar had 1,478 digital displays including 789 bulletins and 689 posters.

At the same time, it is noteworthy that Lamar operates in a highly competitive and fragmented outdoor advertising and media market, wherein lies the risk of clients shifting their accountability to other services. Their shift in loyalty may result in the loss of market share, thereby diminishing profits. The company faces intensified competition from peers like Local.com Corporation (LOCM - Snapshot Report), Clear Channel Outdoor Holdings Inc. (CCO - Snapshot Report) and Focus Media Holding Ltd. (FMCN).

The current Zacks Consensus Estimates for Lamar are15 cents and 19 cents for the second quarter of 2012 and for fiscal 2012, respectively. The company currently holds a Zacks #3 Rank, which translates into a short-term ‘Hold’ rating (1-3 months). We currently maintain a long-term 'Neutral' recommendation on the stock.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.