There is no way Lamar Advertising Company (LAMR) can keep these numbers up

Lamar Advertising Company (NASDAQ: LAMR) stock fell -3.08% on Wednesday to $89.18 against a previous-day closing price of $92.01. With 0.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.41 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $91.33 whereas the lowest price it dropped to was $88.36. The 52-week range on LAMR shows that it touched its highest point at $111.49 and its lowest point at $80.85 during that stretch. It currently has a 1-year price target of $112.00. With its current market cap of 9.10 billion, LAMR has annualized dividend of $5.00 while the current yield stands at 5.61%. Beta for the stock currently stands at 1.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LAMR was down-trending over the past week, with a drop of -6.37%, but this was down by -14.04% over a month. Three-month performance dropped to -14.85% while six-month performance fell -7.32%. The stock lost -7.40% in the past year, while it has lost -5.53% so far this year. A look at the trailing 12-month EPS for LAMR yields 4.15 with Next year EPS estimates of 5.61. For the next quarter, that number is 1.40. This implies an EPS growth rate of 12.70% for this year and 8.86% for next year. EPS is expected to grow by 3.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.20%.

Float and Shares Shorts:

At present, 101.79 million LAMR shares are outstanding with a float of 86.60 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.13 million, which was 2.09% higher than short shares on Mar 30, 2023. In addition to Mr. Kevin Patrick Reilly Jr. as the firm’s Exec. Chairman, Mr. Sean E. Reilly serves as its CEO & Pres.

Institutional Ownership:

Other institutions hold 62.76% of LAMR, in contrast to 31.25% held by mutual funds. Shares owned by individuals account for 1.04%. As the largest shareholder in LAMR with 14.58% of the stake, The Vanguard Group, Inc. holds 12,731,235 shares worth 12,731,235. A second-largest stockholder of LAMR, BlackRock Fund Advisors, holds 7,509,330 shares, controlling over 8.60% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in LAMR, holding 4,773,996 shares or 5.47% stake. With a 4.39% stake in LAMR, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 3,834,954 shares are owned by the mutual fund manager. The Victory Sycamore Established Valu, which owns about 3.30% of LAMR stock, is the second-largest Mutual Fund holder. It holds 2,880,000 shares valued at 304.36 million. iShares Core S&P Mid Cap ETF holds 3.12% of the stake in LAMR, owning 2,723,061 shares worth 287.77 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, LAMR reported revenue of $517.85M and operating income of $165.13M. The EBITDA in the recently reported quarter was $233.51M and diluted EPS was $1.32.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LAMR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With LAMR analysts setting a high price target of $116.00 and a low target of $100.00, the average target price over the next 12 months is $108.00. Based on these targets, LAMR could surge 30.07% to reach the target high and rise by 12.13% to reach the target low. Reaching the average price target will result in a growth of 21.1% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, LAMR has a current ratio of $5.00, which is $5.00 over the trailing 12-months, while a dividend of $3.58 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and LAMR currently yields $5.44. In the past year, LAMR’s dividend yield has been $5.44, but when looking at the stock over the past five years, its yield has been $4.24.

Summary of Insider Activity:

Insiders traded LAMR stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 200 shares were bought while 0 shares were sold. The number of buy transactions has increased to 6 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 134,200 while 28,509 shares were sold.

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