Lamar Advertising Co (NASDAQ: LAMR) is 0.47% higher on its value in year-to-date trading and has touched a low of $106.22 and a high of $139.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LAMR stock was last observed hovering at around $132.00 in the last trading session, with the day’s loss setting it -9.69%.
Currently trading at $122.31, the stock is -3.85% and -2.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -7.34% at the moment leaves the stock -1.61% off its SMA200. LAMR registered 14.26% gain for a year compared to 6-month gain of 2.38%.
The stock witnessed a -4.31% loss in the last 1 month and extending the period to 3 months gives it a -3.01%, and is -2.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.08% over the month.
Lamar Advertising Co (LAMR) has around 3550 employees, a market worth around $12.52B and $2.21B in sales. Current P/E ratio is 34.70 and Fwd P/E is 19.90. Profit margin for the company is 16.38%. Distance from 52-week low is 15.15% and -12.39% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
with sales reaching $530.34M over the same period.The EPS is expected to grow by 59.63% this year, but quarterly earnings will post 5.17% year-over-year. Quarterly sales are estimated to grow 6.46% in year-over-year returns.
The shares outstanding are 102.36M, and float is at 87.21M with Short Float at 2.89%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.61 million shares valued at $1.51 billion. The investor’s holdings represent 12.3511 of the LAMR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.07 million shares valued at $1.08 billion to account for 8.8825 of the shares outstanding. The other top investors are FMR LLC which holds 5.08 million shares representing 4.9708 and valued at over $606.73 million, while JANUS HENDERSON GROUP PLC holds 4.0441 of the shares totaling 4.13 million with a market value of $493.61 million.
Lamar Advertising Co (LAMR) Insider Activity
The most recent transaction is an insider sale by KOERNER JOHN E III, the company’s Director. SEC filings show that KOERNER JOHN E III sold 17,000 shares of the company’s common stock on May 10 ’24 at a price of $120.05 per share for a total of $2.04 million. Following the sale, the insider now owns 32178.0 shares.
Lamar Advertising Co disclosed in a document filed with the SEC on Mar 07 ’24 that Johnson Jay LeCoryelle (CFO, Treasurer, EVP) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $118.97 per share for $0.59 million. Following the transaction, the insider now directly holds 10000.0 shares of the LAMR stock.
