Last $52.28 USD
Change Today -0.22 / -0.42%
Volume 100.2K
LAMR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 10:01 AM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

lamar advertising co-a (LAMR) Snapshot

Open
$52.00
Previous Close
$52.50
Day High
$52.40
Day Low
$51.81
52 Week High
04/23/14 - $54.48
52 Week Low
09/3/13 - $41.36
Market Cap
4.9B
Average Volume 10 Days
975.3K
EPS TTM
$0.63
Shares Outstanding
80.5M
EX-Date
05/28/14
P/E TM
82.9x
Dividend
$3.32
Dividend Yield
1.59%
Current Stock Chart for LAMAR ADVERTISING CO-A (LAMR)

lamar advertising co-a (LAMR) Related Businessweek News

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lamar advertising co-a (LAMR) Details

Lamar Advertising Company operates as an outdoor advertising company in the United States. It sells advertising space on billboards, including bulletins and posters; logo signs located near highway exits; and exterior and interior of public transportation vehicles, transit shelters, and benches in 60 markets. As of December 31, 2013, the company owned and operated approximately 145,000 billboard advertising displays in 44 states, Canada, and Puerto Rico; and approximately 120,000 logo advertising displays in 22 states, and the province of Ontario, Canada, as well as operated approximately 38,000 transit advertising displays in 16 states, Canada, and Puerto Rico. Lamar Advertising Company was founded in 1902 and is headquartered in Baton Rouge, Louisiana.

3,000 Employees
Last Reported Date: 02/27/14
Founded in 1902

lamar advertising co-a (LAMR) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $700.0K
Chairman, President, Chairman of Lamar Media ...
Total Annual Compensation: $700.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $487.5K
Compensation as of Fiscal Year 2013.

lamar advertising co-a (LAMR) Key Developments

Lamar Advertising Company Announces Cash Dividend on Class A and Class B Common Stock, Payable on June 30, 2014

Lamar Advertising Company announced that its board of directors has declared a quarterly cash dividend of $0.83 per share payable on June 30, 2014 to stockholders of record of Lamar's Class A common stock and Class B common stock on June 1, 2014.

Lamar Advertising Co. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

Lamar Advertising Co. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net revenues of $284,933,000 against $276,605,000 a year ago. Operating income was $31,144,000 against $19,055,000 a year ago. Loss before income tax benefit was $8,324,000 against $17,617,000 a year ago. Net loss applicable to common stock was $4,928,000 or $0.05 per basic and diluted share against $10,354,000 or $0.11 per basic and diluted share a year ago. Cash flows provided by operating activities were $62,584,000 against $51,721,000 a year ago. Adjusted EBITDA was $104,376,000 against $103,123,000 a year ago. Total capital expenditures were $22,398,000 against $25,788,000 a year ago. Adjusted net revenue was $292,774,000 against $283,479,000 a year ago. Adjusted funds from operations were $58,814,000 against $50,190,000 a year ago. For the second quarter of 2014, the company expects adjusted net revenue (recognized on a monthly basis) to be approximately $331 million to $334 million. On a pro forma adjusted basis this represents an increase of approximately 1% to 2%. The company will continue to provide adjusted net revenue guidance for 2014 based on monthly revenue recognition consistent with past practice.

Lamar Advertising Seeks Acquisitions

Lamar Advertising Co. (NasdaqGS:LAMR) seeks acquisitions. "Last year, we did approximately $80 million in small-ish acquisitions, Marci, that were between the $10 million and $25 million range. Those we really didn't pause on. And we're going to continue doing those. I would anticipate we'll probably spend in the neighborhood of $75 million to $100 million this year on those types of acquisitions. None of them in and of themselves are significant, but at the end of the year when you add it up it is a good contributor to AFFO per share. The other ones, you just have to be opportunistic. There are a handful of acquisitions that we think make sense for Lamar operationally and financially. And we feel confident that over the next couple of years those will break loose. Those tend to be in the range of $250 million to $500 million. Again, there's a handful of those and we'll just see how it develops. i think as we and our Board sat down and thought about our distribution policy, one thing that does is it gives us $125 million to $150 million a year to deploy in accretive acquisitions or pay down debt. This year we'll have about $120 million to $140 million in free cash. This is without a draw on our revolver. And our intention is to do accretive acquisitions and pay down debt. Let's say we pay down $100 million in debt, then AFFO in 2015 looks even better. So, we have established a distribution policy that pays a great yield, that is reliable, and one that can increase steadily, and affords us a significant amount of free cash flow to do accretive acquisitions. That is the game plan going forward," said Sean Reilly - Lamar Advertising Company, Chief Executive Officer. "Yes. And that's what Sean was referring to when he said that, based on our dividend distribution model, over the next several years we'll generate $125 million or so in free cash flow a year. That allows us to use that to do acquisitions and to prepay that. If all of our debt was fixed in 10-year high yield, because of the newness of the ones we have on the books now, there would be no way we could prepay debt and continue to reduce our leverage and our interest cost. They would not (inaudible -- multiple speakers)," said Keith Istre - Lamar Advertising Company, Chief Financial Officer.

 

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Industry Analysis

LAMR

Industry Average

Valuation LAMR Industry Range
Price/Earnings 100.0x
Price/Sales 4.0x
Price/Book 5.3x
Price/Cash Flow 14.6x
TEV/Sales 2.4x
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