Lamar Advertising (LAMR)
(Delayed Data from NSDQ)
$133.54 USD
+1.94 (1.47%)
Updated Sep 20, 2024 03:59 PM ET
After-Market: $133.52 -0.02 (-0.01%) 7:58 PM ET
2-Buy of 5 2
D Value C Growth D Momentum D VGM
Company Summary
Headquartered in Baton Rouge, LA, Lamar Advertising Company is one of the largest owners and operators of outdoor advertising structures in the United States. This real estate investment trust (REIT) delivers advertising solutions to a diverse range of industries, including restaurants, retail, automotive, real estate, healthcare and gaming. With a selection of advertising formats such as billboards, interstate logos, transit placements and airport displays, the company empowers both local enterprises and national brands to connect with extensive audiences on a daily basis.
Lamar has operations across the United States and Canada, with more than 360,000 ...
Company Summary
Headquartered in Baton Rouge, LA, Lamar Advertising Company is one of the largest owners and operators of outdoor advertising structures in the United States. This real estate investment trust (REIT) delivers advertising solutions to a diverse range of industries, including restaurants, retail, automotive, real estate, healthcare and gaming. With a selection of advertising formats such as billboards, interstate logos, transit placements and airport displays, the company empowers both local enterprises and national brands to connect with extensive audiences on a daily basis.
Lamar has operations across the United States and Canada, with more than 360,000 displays. It operates three types of outdoor advertising displays, namely billboards (88.5% of net revenues in the first half of 2024), transit advertising displays (7.5%) and logo signs (4%). It derives revenues from contracts for advertising space in these categories.
Billboard advertising: Billboard advertising comprises bulletins and posters and accounts for most of the company's advertising space. In addition to traditional static displays, Lamar rents digital billboards.
Logo sign advertising: Lamar installs logo signs that generally advertise nearby food, gas, camping, lodging and other attractions, as well as directional signs to direct vehicle traffic to nearby services and tourist attractions near highway exits.
Transit advertising: The company generally enters into transit contracts with the local municipalities and airport authorities, allowing it the exclusive right to rent advertising displays to customers at airports and on buses, benches or shelters.
Lamar has historically grown through acquisitions. In the first half of 2024, the company completed multiple acquisitions for a total purchase price of $28.2 million. It completed 36 acquisitions for a total purchase price of $139 million in 2023. In 2022, the company completed 73 acquisitions of outdoor advertising assets for $479.8 million.
Note: All EPS numbers presented in this report represents 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.
General Information
Lamar Advertising Company
5321 CORPORATE BOULEVARD
BATON ROUGE, LA 70808
Phone: 225-926-1000
Fax: 225-926-1005
Web: http://www.lamar.com
Email: ir@lamar.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/7/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 2.21 |
Current Year EPS Consensus Estimate | 8.09 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/7/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 131.60 |
52 Week High | 132.35 |
52 Week Low | 77.21 |
Beta | 1.52 |
20 Day Moving Average | 382,050.41 |
Target Price Consensus | 128.00 |
4 Week | 9.29 |
12 Week | 11.72 |
YTD | 25.65 |
4 Week | 7.99 |
12 Week | 6.98 |
YTD | 3.37 |
Shares Outstanding (millions) | 102.30 |
Market Capitalization (millions) | 13,661.37 |
Short Ratio | NA |
Last Split Date | 3/2/1998 |
Dividend Yield | 4.19% |
Annual Dividend | $5.60 |
Payout Ratio | 0.67 |
Change in Payout Ratio | 0.06 |
Last Dividend Payout / Amount | 9/18/2024 / $1.30 |
Fundamental Ratios
P/E (F1) | 16.51 |
Trailing 12 Months | 17.21 |
PEG Ratio | NA |
vs. Previous Year | 9.47% |
vs. Previous Quarter | 35.06% |
vs. Previous Year | 4.46% |
vs. Previous Quarter | 13.47% |
Price/Book | 11.40 |
Price/Cash Flow | 17.13 |
Price / Sales | 6.32 |
6/30/24 | 42.18 |
3/31/24 | 41.86 |
12/31/23 | 41.88 |
6/30/24 | 7.69 |
3/31/24 | 7.61 |
12/31/23 | 7.60 |
6/30/24 | 0.41 |
3/31/24 | 0.38 |
12/31/23 | 0.52 |
6/30/24 | 0.41 |
3/31/24 | 0.38 |
12/31/23 | 0.52 |
6/30/24 | 23.34 |
3/31/24 | 23.29 |
12/31/23 | 23.49 |
6/30/24 | 23.34 |
3/31/24 | 23.29 |
12/31/23 | 23.49 |
6/30/24 | 23.82 |
3/31/24 | 23.79 |
12/31/23 | 24.00 |
6/30/24 | 11.72 |
3/31/24 | 11.58 |
12/31/23 | 11.92 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 2.31 |
3/31/24 | 2.39 |
12/31/23 | 2.55 |
6/30/24 | 69.75 |
3/31/24 | 70.51 |
12/31/23 | 71.85 |