Last $51.50 USD
Change Today +0.125 / 0.24%
Volume 1.7M
LAMR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 2:54 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

lamar advertising co-a (LAMR) Snapshot

Open
$51.33
Previous Close
$51.38
Day High
$51.61
Day Low
$51.23
52 Week High
04/23/14 - $54.48
52 Week Low
09/3/13 - $41.36
Market Cap
4.9B
Average Volume 10 Days
1.6M
EPS TTM
$0.68
Shares Outstanding
80.7M
EX-Date
05/28/14
P/E TM
76.0x
Dividend
$3.32
Dividend Yield
1.61%
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 Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Lamar Advertising Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $330,433,000 compared to $327,744,000 a year ago. Operating income was $73,038,000 compared to $73,317,000 a year ago. Income before income tax expense was $26,148,000 compared to $35,481,000 a year ago. Net income applicable to common stock was $15,331,000 compared to $23,031,000 a year ago. Basic and diluted earnings per share were $0.16 compared to $0.24 a year ago. Adjusted EBITDA was $149,668,000 compared to $151,446,000 a year ago. Total capital expenditures were $31,857,000 compared to $26,933,000 a year ago. Cash flows provided by operating activities were $110,848,000 compared to $100,233,000 a year ago. Adjusted net revenue was $334,860,000 compared to $324,684,000 a year ago. Pro forma adjusted net revenue was $334,860,000 compared to $328,087,000 a year ago. Pro forma adjusted EBITDA was $154,095,000 compared to $149,618,000 a year ago. Funds from operations were $81,969,000 compared to $90,875,000 a year ago. Adjusted funds from operations were $102,907,000 compared to $99,721,000 a year ago. Diluted AFFO per share was $1.69 compared to $1.58 a year ago. For the six months, the company reported net revenues of $615,366,000 compared to $604,349,000 a year ago. Operating income was $104,182,000 compared to $92,372,000 a year ago. Income before income tax expense was $17,824,000 compared to $17,864,000 a year ago. Net income applicable to common stock was $10,403,000 compared to $12,677,000 a year ago. Basic and diluted earnings per share were $0.11 per share compared to diluted loss of $0.13 per share a year ago. Adjusted EBITDA was $254,044,000 compared to $254,569,000 a year ago. Total capital expenditures were $54,255,000 compared to $52,721,000 a year ago. Cash flows provided by operating activities were $173,432,000 compared to $151,954,000 a year ago. Funds from operations were $142,360,000 compared to $150,197,000 a year ago. Adjusted funds from operations were $161,721,000 compared to $149,911,000 a year ago. Diluted AFFO per share was $1.08 compared to $1.05 a year ago. For the third quarter of 2014, the company expects adjusted net revenue (recognized on a monthly basis) to be approximately $330.0 million to $334.0 million. On a pro forma adjusted basis this represents an increase of approximately 1.5% to 2.5%.

Lamar Advertising Company Provides Distribution Guidance for the Year 2014

Lamar Advertising Company expected to make two additional dividend distributions in 2014 on September 30, 2014 and December 30, 2014, subject to board approval. As previously disclosed, the company anticipates the total distributions in 2014 to be $2.50 per share.

Lamar Advertising Mulls Acquisitions

Lamar Advertising Co. (NasdaqGS:LAMR) is looking for acquisitions. Sean Reilly, Chief Executive Officer of Lamar Advertising Co. said, "We've probably got a pipeline that's going to end up the year at around $70 million in those types of sort of smaller tuck-in acquisitions and their predictable and nicely accretive. We do anticipate that some larger companies are going to hit the market and we intend to be players."

 

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Industry Analysis

LAMR

Industry Average

Valuation LAMR Industry Range
Price/Earnings 100.0x
Price/Sales 3.9x
Price/Book 5.5x
Price/Cash Flow 14.7x
TEV/Sales 2.3x
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