Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $2.08 per share, beating the Zacks Consensus Estimate of $2.07 per share. This compares to FFO of $1.90 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.48%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $1.52 per share when it actually produced FFO of $1.54, delivering a surprise of 1.32%. Over the ...

Core Viewpoint - Lamar Advertising is positioned well in the outdoor advertising industry, demonstrating consistent revenue and EBITDA growth despite recent challenges in advertising spend from large customers [2][6][8]. Company Overview - Lamar Advertising is one of the largest outdoor advertising companies in the U.S., operating over 363,000 displays across various formats [3]. - The company has been in business for over 120 years and has operated as a REIT since 2014, benefiting from special tax treatment [3]. Financial Performance - In Q1'24, Lamar reported a 5.7% increase in net revenues, marking the largest increase since the previous two quarters and the 12th consecutive quarter of pro forma revenue growth [6]. - Billboard advertising increased by 5.3%, logo advertising by 2.1%, and transit advertising by 12.3% [6]. - Political advertising revenue reached $3.8 million, up nearly $3 million from Q1'23, driven by increased campaign spending ahead of the November 2024 federal election [7]. Management Outlook - Management raised full-year AFFO guidance to a range of $7.75 to $7.90 per share, indicating optimism for the remainder of the year [8]. - The company plans to recommend a $1.30 per share distribution for Q2, with potential for further increases later in the year [8]. Margin and Cost Management - Adjusted EBITDA for the quarter was $212 million, reflecting a 42.5% margin, which is a 50 basis points increase compared to Q1'23 [9]. - The company expects cost growth to be between 3% to 3.5%, which should contribute to improving margins over time [10]. Balance Sheet and Leverage - Lamar maintains moderate leverage with total debt of $3.4 billion and cash of $36 million, with no significant maturities until 2025 [11]. - The company's leverage ratio stands at 3.1x, with a low weighted average interest rate of 5.1% [11]. Historical Performance - Over the last decade, Lamar has delivered a total return of 260%, outperforming the S&P 500's return of 242% [18]. - The company has achieved revenue and EBITDA CAGRs of 5.4% and 6.4%, respectively, over the last ten years, indicating effective margin expansion [16].

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: | --- | --- | |---------------|---------------| ...

Shares of Lamar Advertising (LAMR) have risen 11.7% year to date against its industry's decline of 10.2%. The company currently carries a Zacks Ranks #2 (Buy). Earlier this month, this real estate investment trust (REIT), headquartered in Baton Rouge, LA, reported first- quarter 2024 adjusted funds from operations (AFFO) per share of $1.54, which beat the Zacks Consensus Estimate of $1.52. The figure also compared favorably with the prior-year quarter's tally of $1.41. Quarterly net revenues of $498.2 milli ...

Core Points - Lamar Advertising Company has declared a quarterly cash dividend of $1.30 per share, payable on June 28, 2024, to stockholders of record on June 17, 2024 [1] - The company expects total quarterly distributions to stockholders in 2024 to be at least $5.20 per common share, subject to board approval [1] Company Overview - Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, operating over 360,000 displays across the United States and Canada [3] - The company provides a variety of advertising formats, including billboards, interstate logos, transit, and airport advertising, catering to both local businesses and national brands [3] - Lamar boasts the largest network of digital billboards in the United States, with approximately 4,800 displays [3]

Core Viewpoint - Lamar Advertising Company has declared a quarterly cash dividend of $1.30 per share, payable on June 28, 2024, to stockholders of record on June 17, 2024, with expected total distributions for 2024 to be at least $5.20 per common share [1] Company Overview - Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, operating over 360,000 displays across the United States and Canada [3] - The company provides a variety of advertising formats, including billboards, interstate logos, transit, and airport advertising, catering to both local businesses and national brands [3] - Lamar boasts the largest network of digital billboards in the United States, with approximately 4,800 displays [3]

Shares of Lamar Advertising (LAMR) have risen 14.6% over the past three months compared with the industry’s growth of 1.9%.The impressive footprint of outdoor advertising assets, the unmatched logo sign business, a diversified tenant base across various sectors and a focus on local businesses are tailwinds for Lamar.Moreover, the estimate revision trend for 2024 funds from operations (FFO) per share indicates a favorable outlook for this Zacks Rank #2 (Buy) company as it has been revised 3.7% northward over ...

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 Advertisin ...

Lamar Advertising (LAMR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Advertising Company ________________________________________________ Commission File Number 1-12 ...