Back to top

Image: Bigstock

Lamar Advertising Co.

Read MoreHide Full Article

Lamar reported third-quarter 2016 adjusted funds from operations (FFO) of $1.37 per share, surpassing the Zacks Consensus Estimate of $1.25 and ahead of the year-ago tally of $1.27. The company’s diversified tenant base comprising different industries and impressive national footprint aid in keeping its growth momentum going. Further, solid growth opportunities in the outdoor advertising industry and healthy balance sheet bode well for the future. Recent hike in quarterly dividend payout is also encouraging. However, increased capital expenditures and higher expenses related to the acquired outdoor advertising assets could reduce free cash flow and strain its margins. Further, stiff competition and any rise in the interest rate pose challenges for Lamar.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Lamar Advertising Company (LAMR) - free report >>

Published in