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Lamar Advertising Stock Gains 18.4% in 3 Months: Will the Trend Last?
ZACKS· 2025-07-04 13:56
Core Insights - Lamar Advertising (LAMR) shares have increased by 18.4% over the past three months, outperforming the industry growth of 10.1% [1][8] - The company has a strong presence in outdoor advertising across the U.S. and Canada, supported by a diversified tenant base, which contributes to stable revenues [1][3] - The focus on expanding digital capabilities and acquisitions positions the company for long-term growth [2][4][5] Company Performance - Lamar completed 10 acquisitions worth $22.1 million in the first quarter of 2025, enhancing its market position [4] - The company operates approximately 5,100 digital billboards, making it the largest network of digital displays in the U.S. [5] - Lamar has raised its dividend eight times in the last five years, with a five-year annualized dividend growth rate of 24.17% [6][8] Shareholder Value - The company has repurchased common stock worth $150 million year to date, with an additional $150 million approved for repurchase, totaling $250 million remaining under the program [9] - These share repurchase efforts are aimed at enhancing shareholder value and boosting investor confidence [9] Industry Trends - Out-of-home (OOH) advertising is experiencing rapid growth and increasing market share compared to other media forms [4] - Higher technology investments are expected to further support the growth of OOH advertising in the coming years [4]
Lamar Advertising Company Announces Cash Dividend on Common Stock and Increase in Stock Repurchase Authorization
Globenewswire· 2025-05-15 20:15
Group 1 - Lamar Advertising Company declared a quarterly cash dividend of $1.55 per share, payable on June 30, 2025, to stockholders of record on June 16, 2025, with expected total distributions of at least $6.20 per common share in 2025 [1][2] - The company completed $150 million in stock repurchases under its existing program and has increased the stock repurchase program by an additional $150 million, bringing the total available for repurchase to $250 million [2] Group 2 - Lamar Advertising Company, founded in 1902, is one of the largest outdoor advertising companies in North America, operating over 363,000 displays across the United States and Canada [4] - The company offers a variety of advertising formats, including billboards, interstate logos, transit, and airport advertising, and has the largest network of digital billboards in the U.S. with approximately 5,100 displays [4]
Lamar Advertising to appear at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference
Globenewswire· 2025-05-05 20:15
Company Overview - Lamar Advertising Company, founded in 1902, is one of the largest outdoor advertising companies in North America with over 360,000 displays across the United States and Canada [2] - The company offers a variety of advertising formats including billboard, interstate logo, transit, and airport advertising, catering to both local businesses and national brands [2] - Lamar operates the largest network of digital billboards in the United States, with approximately 5,000 displays [2] Upcoming Event - Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 13, 2025, at approximately 4:30 pm EST [1] - The session will be available via live audio webcast on the company's website and will be archived for 30 days [1]