LAMR Stock Recent News

Three Month Results Net revenue was $565.3 million Net income was $137.6 million Adjusted EBITDA was $271.6 million Six Month Results Net revenue was $1.06 billion Net income was $216.1 million Adjusted EBITDA was $483.5 million BATON ROUGE, La., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company's operating results for the second quarter ended June 30, 2024.

Lamar Advertising is one of the largest outdoor advertising companies in the U.S. and owns several billboards and large physical displays. Over the last decade, the company has shown consistent growth on both the top and bottom line, with revenue and EBITDA growing at CAGRs of 5.4% and 6.4%, respectively. The latest quarter missed expectations, but management appears to be optimistic about the outlook, given their upward revision of full-year AFFO guidance and plans for increased distributions to shareholders.

BATON ROUGE, La., July 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) will release its second quarter ended June 30, 2024 earnings report before the market opens on Thursday, August 8, 2024. Lamar will host a conference call on Thursday, August 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

Lamar Advertising (LAMR) is poised to benefit from its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts, though choppiness in the national business and high interest rates remain woes.

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Healthy operating performance, strength in local sales and strategic acquisitions have hiked Lamar's (LAMR) shares by 11.7% year to date.

BATON ROUGE, La., May 16, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.30 per share payable on June 28, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on June 17, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on June 28, 2024, will be at least $5.20 per common share.

Lamar Advertising (LAMR) holds a significant market share in the U.S. outdoor advertising business. Its diversified tenant base, opportunistic acquisitions and portfolio upgrade efforts are key growth drivers.

Lamar (LAMR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).