Founded in 1902, Lamar Advertising (Nasdaq: LAMR) is one of the largest outdoor advertising companies in North America, with over 357,500 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 3,600 displays.
IPO Year: 1996
Exchange: NASDAQ
Website: lamar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/19/2024 | $132.00 | Equal Weight | Wells Fargo |
| 7/16/2024 | $135.00 | Buy | TD Cowen |
| 7/11/2024 | $122.00 | Buy → Neutral | Citigroup |
| 7/7/2022 | $112.00 → $108.00 | Neutral → Buy | Citigroup |
| 6/10/2022 | $135.00 → $103.00 | Overweight → Equal-Weight | Morgan Stanley |
| 3/29/2022 | $131.00 | Peer Perform | Wolfe Research |
| 2/28/2022 | $138.00 → $135.00 | Overweight | Morgan Stanley |
10-Q - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
10-Q - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
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8-K - LAMAR ADVERTISING CO/NEW (0001090425) (Filer)
TD Cowen analyst Lance Vitanza initiates coverage on Lamar Advertising (NASDAQ:LAMR) with a Buy rating and announces Price Target of $135.
Citigroup analyst Jason Bazinet downgrades Lamar Advertising (NASDAQ:LAMR) from Buy to Neutral and announces $122 price target.
Lamar Advertising (NASDAQ:LAMR) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $0.81 by 6.17 percent. This is a 2.7 percent increase over earnings of $0.74 per share from the same period last year. The company reported quarterly sales of $498.15 million which beat the analyst consensus estimate of $490.85 million by 1.49 percent. This is a 5.69 percent increase over sales of $471.33 million the same period last year.
Vistar Media, the leading global provider of technology solutions for out-of-home (OOH) media, today announced that Lamar Advertising Company, one of the largest outdoor advertising companies in the world, selected Vistar's content management software (CMS), Cortex, to power its network of digital out-of-home (DOOH) billboards across the U.S. The agreement follows a partnership forged in 2023 in which Lamar chose Vistar to run its Denver Transit DOOH network.Lamar offers advertisers the largest network of digital billboards in the U.S., boasting nearly 5,000 displays serving over 5 billion weekly impressions. Lamar deployed Cortex to its entire DOOH network in less than six weeks with zero d
Morgan Stanley analyst Benjamin Swinburne maintains Lamar Advertising (NASDAQ:LAMR) with a Equal-Weight and raises the price target from $105 to $110.
JP Morgan analyst Richard Close maintains Lamar Advertising (NASDAQ:LAMR) with a Neutral and raises the price target from $92 to $109.
Three Month Results • Net revenues was $564.1 million• Net income was $147.8 million• Adjusted EBITDA was $271.2 million Nine Month Results • Net revenues was $1.63 billion• Net income was $363.9 million• Adjusted EBITDA was $754.6 million BATON ROUGE, La., Nov. 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 third quarter ended September 30, 2024. "Our third quarter results came in largely as expected, with particular strength in local a
BATON ROUGE, La., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) will release its third quarter ended September 30, 2024 earnings report before the market opens on Friday, November 8, 2024. Lamar will host a conference call on Friday, November 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: All Callers: 1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Friday, November 15, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Dir
BATON ROUGE, La., Aug. 27, 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 $1.40 per share payable on September 30, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on September 18, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on September 30, 2024, will be at least $5.40 per common share. Forward-Looking StatementsThis press release contains "forward-looking stat
Three Month Results Net revenue was $565.3 millionNet income was $137.6 millionAdjusted EBITDA was $271.6 million Six Month Results Net revenue was $1.06 billionNet income was $216.1 millionAdjusted 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. "We delivered solid revenue growth in the second quarter, buoyed by continued strong demand from local and regional advertisers," Lamar chief executive Sean Reilly said. "The r
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. Instructions for dialing into Lamar's conference call are provided below: All Callers:1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Thursday, August 15, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Director o
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. Forward-Looking StatementsThis press release contains "forward-looking statements" concerning
Three Month Results Net revenue was $498.2 millionNet income was $78.5 millionAdjusted EBITDA was $211.9 million BATON ROUGE, La., May 02, 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 first quarter ended March 31, 2024. "Our first-quarter results exceeded our internal expectations, with particular strength in local sales. In addition, we returned to same-store growth in digital, and the rest
BATON ROUGE, La., April 09, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) will release its first quarter ended March 31, 2024 earnings report before the market opens on Thursday, May 2, 2024. Lamar will host a conference call on Thursday, May 2, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: All Callers:1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Thursday, May 9, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Director of Investo
Three Month Results Net revenue was $555.9 millionNet income was $149.3 millionAdjusted EBITDA was $268.2 million Twelve Month Results Net revenue was $2.11 billionNet income was $496.8 millionAdjusted EBITDA was $985.7 million BATON ROUGE, La., Feb. 23, 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 fourth quarter and year ended December 31, 2023. "Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. In addition, our
BATON ROUGE, La., Feb. 22, 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 March 28, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on March 15, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on March 28, 2024, will total $5.20 per common share. Forward-Looking StatementsThis press release contains "forward-looking statements" concerning L
BATON ROUGE, La., Dec. 01, 2020 (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 $0.50 per share payable on December 30, 2020 to stockholders of record of Lamar’s Class A common stock and Class B common stock on December 21, 2020. Including the dividend payable on December 30, 2020, Lamar will have declared and paid quarterly distributions to stockholders in 2020 in an aggregate amount of $2.50 per common share. Forward-Looking StatementsThis press release contains “forward-looking statements” concerning Lamar Advertisin
Wells Fargo initiated coverage of Lamar Advertising with a rating of Equal Weight and set a new price target of $132.00
TD Cowen initiated coverage of Lamar Advertising with a rating of Buy and set a new price target of $135.00
Citigroup downgraded Lamar Advertising from Buy to Neutral and set a new price target of $122.00
Citigroup upgraded Lamar Advertising from Neutral to Buy and set a new price target of $108.00 from $112.00 previously
Morgan Stanley downgraded Lamar Advertising from Overweight to Equal-Weight and set a new price target of $103.00 from $135.00 previously
Wolfe Research initiated coverage of Lamar Advertising with a rating of Peer Perform and set a new price target of $131.00
Morgan Stanley reiterated coverage of Lamar Advertising with a rating of Overweight and set a new price target of $135.00 from $138.00 previously
Morgan Stanley reiterated coverage of Lamar Advertising with a rating of Overweight and set a new price target of $125.00 from $115.00 previously
Morgan Stanley reiterated coverage of Lamar Advertising with a rating of Overweight and set a new price target of $115.00 from $105.00 previously
Morgan Stanley reiterated coverage of Lamar Advertising with a rating of Overweight and set a new price target of $105.00 from $95.00 previously
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Three Month Results • Net revenues was $564.1 million• Net income was $147.8 million• Adjusted EBITDA was $271.2 million Nine Month Results • Net revenues was $1.63 billion• Net income was $363.9 million• Adjusted EBITDA was $754.6 million BATON ROUGE, La., Nov. 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 third quarter ended September 30, 2024. "Our third quarter results came in largely as expected, with particular strength in local a
BATON ROUGE, La., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) will release its third quarter ended September 30, 2024 earnings report before the market opens on Friday, November 8, 2024. Lamar will host a conference call on Friday, November 8, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: All Callers: 1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Friday, November 15, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Dir
BATON ROUGE, La., Aug. 27, 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 $1.40 per share payable on September 30, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on September 18, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 2024, including the dividend payable on September 30, 2024, will be at least $5.40 per common share. Forward-Looking StatementsThis press release contains "forward-looking stat
Three Month Results Net revenue was $565.3 millionNet income was $137.6 millionAdjusted EBITDA was $271.6 million Six Month Results Net revenue was $1.06 billionNet income was $216.1 millionAdjusted 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. "We delivered solid revenue growth in the second quarter, buoyed by continued strong demand from local and regional advertisers," Lamar chief executive Sean Reilly said. "The r
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. Instructions for dialing into Lamar's conference call are provided below: All Callers:1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Thursday, August 15, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Director o
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. Forward-Looking StatementsThis press release contains "forward-looking statements" concerning
BATON ROUGE, La., May 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024 at approximately 8:00 a.m. ET. The session will be carried live via audio webcast at the Company's website, www.lamar.com, and will be archived for 30 days. About Lamar Advertising CompanyFounded in 1902, Lamar Advertising Company (NASDAQ:LAMR) is one of the largest outdoor advertising companies in North America, with more than 360,000 displays across t
Three Month Results Net revenue was $498.2 millionNet income was $78.5 millionAdjusted EBITDA was $211.9 million BATON ROUGE, La., May 02, 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 first quarter ended March 31, 2024. "Our first-quarter results exceeded our internal expectations, with particular strength in local sales. In addition, we returned to same-store growth in digital, and the rest
Image caption: A Vistar Media campaign running on a Lamar Advertising Company DOOH billboard NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Vistar Media, the leading global provider of technology solutions for out-of-home (OOH) media, today announced that Lamar Advertising Company, one of the largest outdoor advertising companies in the world, selected Vistar's content management software (CMS), Cortex, to power its network of digital out-of-home (DOOH) billboards across the U.S. The agreement follows a partnership forged in 2023 in which Lamar chose Vistar to run its Denver Transit DOOH network. Lamar offers advertisers the largest network of digital billboards in the U.S., boasting nea
BATON ROUGE, La., April 09, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) will release its first quarter ended March 31, 2024 earnings report before the market opens on Thursday, May 2, 2024. Lamar will host a conference call on Thursday, May 2, 2024 at 8:00 a.m. (Central time) to discuss the Company's results and answer questions relating to company operations. Instructions for dialing into Lamar's conference call are provided below: All Callers:1-800-420-1271 or 1-785-424-1634 Passcode:63104 Live Webcast:www.lamar.com Webcast Replay:www.lamar.com Available through Thursday, May 9, 2024 at 11:59 p.m. Eastern time Company Contact:Buster Kantrow Director of Investo