Lamar Promoting (NASDAQ:LAMR) Updates FY 2023 Earnings Steerage

Lamar Promoting (NASDAQ:LAMR) Updates FY 2023 Earnings Steerage

Lamar Promoting (NASDAQ:LAMR – Get Score) up to date its FY 2023 earnings steerage on Friday. The corporate offered earnings per share steerage of $5.14-$5.21 for the interval, in comparison with the consensus earnings per share estimate of $5.21. The corporate issued income steerage of -. Lamar Promoting additionally up to date its FY23 steerage to $5.14-5.21 EPS.

Lamar Promoting Inventory Down 4.0 %

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Shares of NASDAQ:LAMR traded down $4.15 throughout noon buying and selling on Friday, reaching $100.58. The corporate’s inventory had a buying and selling quantity of 246,644 shares, in comparison with its common quantity of 466,132. The agency has a 50 day transferring common of $101.04 and a 200-day transferring common of $96.27. The agency has a market capitalization of $10.23 billion, a P/E ratio of 20.64 and a beta of 1.40. The corporate has a fast ratio of 0.63, a present ratio of 0.63 and a debt-to-equity ratio of two.38. Lamar Promoting has a 12-month low of $81.10 and a 12-month excessive of $119.68.

Lamar Promoting Will increase Dividend

The agency additionally not too long ago introduced a quarterly dividend, which will probably be paid on Friday, March thirty first. Stockholders of file on Friday, March seventeenth will probably be given a $1.25 dividend. This is a rise from Lamar Promoting’s earlier quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized foundation and a dividend yield of 4.97%. Lamar Promoting’s dividend payout ratio is at the moment 98.36%.

Wall Road Analyst Weigh In

Individually, raised shares of Lamar Promoting from a maintain score to a purchase score in a analysis report on Tuesday, February 14th.

Insider Shopping for and Promoting

In associated information, Director Thomas V. Reifenheiser offered 2,200 shares of the corporate’s inventory in a transaction dated Monday, November twenty eighth. The shares had been offered at a mean value of $98.61, for a complete worth of $216,942.00. Following the transaction, the director now owns 39,671 shares within the firm, valued at roughly $3,911,957.31. The sale was disclosed in a doc filed with the SEC, which is accessible by way of the SEC web site. 14.99% of the inventory is at the moment owned by firm insiders.

Hedge Funds Weigh In On Lamar Promoting

Quite a lot of hedge funds have not too long ago purchased and offered shares of LAMR. Pathstone Household Workplace LLC purchased a brand new place in shares of Lamar Promoting within the third quarter price roughly $317,000. Evercore Wealth Administration LLC bought a brand new stake in Lamar Promoting within the 1st quarter price roughly $308,000. Cerity Companions LLC bought a brand new stake in Lamar Promoting throughout the 4th quarter valued at roughly $289,000. Meixler Funding Administration Ltd. bought a brand new stake in Lamar Promoting throughout the third quarter valued at roughly $288,000. Lastly, EHP Funds Inc. bought a brand new place in shares of Lamar Promoting within the first quarter valued at $256,000. Institutional traders personal 79.73% of the corporate’s inventory.

Lamar Promoting Firm Profile

(Get Score)

Lamar Promoting Co engages in promoting providers. The agency rents promoting area on billboards, buses, shelters, benches, brand plates, and in airport terminals. The corporate was based in 1902 and is headquartered in Baton Rouge, LA.

Additional Studying

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