Lamar Advertising Company Withdraws Financial Guidance for 2020 & Announces Board Is Evaluating Dividend Plans
Lamar Advertising Company - Class A (LAMR)
Last lamar advertising company - class a earnings: 2/20 06:00 am
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Source: GlobeNewswire
BATON ROUGE, La., April 02, 2020 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading operator of outdoor advertising and logo sign displays, today announced that it has withdrawn its full-year financial guidance for 2020 in light of the significant macroeconomic uncertainty resulting from the coronavirus pandemic. “We began the year with tremendous momentum, but the measures undertaken to slow the spread of the coronavirus are taking their toll on us as they are on the broader economy. With their customers confined to their homes and unable to shop, dine or play, many businesses have temporarily curtailed their advertising campaigns, “ Lamar chief executive Sean Reilly said. “As a result, our previously provided guidance for full-year AFFO per share is no longer applicable.” Lamar had previously communicated that it expects to make regular quarterly distributions to stockholders in 2020 in an aggregate amount of $4.00 per share, subjec
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LAMR
News
- Lamar Advertising (NASDAQ: LAMR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Lamar Advertising Misses Q3 AFFO Estimates, Raises 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Lamar Advertising (NASDAQ: LAMR) had its price target lowered by analysts at Wells Fargo & Company from $132.00 to $124.00. They now have an "equal weight" rating on the stock.MarketBeat
- Lamar Advertising (NASDAQ: LAMR) had its price target raised by analysts at TD Cowen from $142.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- Lamar Advertising (NASDAQ: LAMR) had its price target raised by analysts at Morgan Stanley from $125.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
LAMR
Earnings
- 11/8/24 - Miss
LAMR
Sec Filings
- 11/8/24 - Form 8-K
- 9/25/24 - Form 8-K
- 8/28/24 - Form 8-K
- LAMR's page on the SEC website