LAMR Stock Recent News

Lamar (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 Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.04 per share, beating the Zacks Consensus Estimate of $1.91 per share. This compares to FFO of $2.03 per share a year ago.

Lamar Advertising shares have fallen 14% in 2023 due to a rise in interest rates and a slowdown in advertising. Despite the near-term weakness, LAMR is a strong business with a solid balance sheet and favorable trends in outdoor advertising. The long-term threat of self-driving cars tempers enthusiasm for Lamar shares.

BATON ROUGE, La., Oct. 03, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its third quarter ended September 30, 2023 earnings report before the market opens on Thursday, November 2, 2023. Lamar will host a conference call on Thursday, November 2, 2023 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

While Lamar Advertising's (LAMR) Q2 results reflect year-over-year growth in the top line, a significant surge in interest expenses acts as a dampener. The company revises its outlook for 2023.

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.90 per share, missing the Zacks Consensus Estimate of $1.94 per share. This compares to FFO of $1.94 per share a year ago.

Surviving the pandemic largely unscathed, LAMR has proven its mettle. We portend market share capture for OOH which will lead to increase in revenues. This trend will play out over the years and create long-term growth.

Lamar Advertising has a strong track record of revenue and free cash flow growth, with an average ROE of 26.51% over the past 10 years, significantly higher than the sector median. Despite increasing competition from digital advertising, Lamar is investing in digital advertising technologies and expanding its digital billboard network to adapt to the changing landscape. Based on a discounted cash flow analysis, Lamar is currently undervalued, offering a potential gain of 25.5% compared to its current market price, making it an attractive investment option.

BATON ROUGE, La., July 10, 2023 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its second quarter ended June 30, 2023 earnings report before the market opens on Thursday, August 3, 2023. Lamar will host a conference call on Thursday, August 3, 2023 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations.

A diversified tenant base, opportunistic acquisitions and efforts to upgrade its portfolio are growth drivers for Lamar Advertising (LAMR). However, stiff competition from other outdoor advertisers and high interest rates are concerns.