Lamar Advertising Misses Q3 AFFO Estimates, Raises 2024 Guidance [Yahoo! Finance]
Lamar Advertising Company - Class A (LAMR)
Last lamar advertising company - class a earnings: 2/20 06:00 am
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Source: Yahoo! Finance
adjusted funds from operations (AFFO) per share of $2.15, which increased 5.4% year over year but missed the Zacks Consensus Estimate of $2.21. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Results reflect year-over-year growth in the top line, though higher expenses acted as a dampener. The company experienced strength in local and programmatic sales. Quarterly net revenues of $564.1 million increased 4.0% on a year-over-year basis and missed the consensus mark of $567.3 million. Per the company's chief executive, Sean Reilly, “Expenses were slightly elevated but as we move through Q4, we see that correcting and see full year consolidated EBITDA margins coming in right around 47%.” He also noted that “In addition, Q4 revenue growth is pacing ahead of Q3. Consequently, we are raising full year guidance for diluted AFFO to a range of $7.85 to $7.95 per share.” Operating income of $186.6 million declined 0.8% from the year-ago period, while the adjus
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LAMR
News
- Lamar Advertising Company Announces Cash Dividends on Common Stock [Yahoo! Finance]Yahoo! Finance
- Lamar Advertising Company Announces Cash Dividends on Common StockGlobeNewswire
- Lamar Advertising (NASDAQ: LAMR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- 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
LAMR
Earnings
- 11/8/24 - Miss
LAMR
Sec Filings
- 12/6/24 - Form 8-K
- 11/8/24 - Form 8-K
- 9/25/24 - Form 8-K
- LAMR's page on the SEC website