43.44 0.00 (0.00%)
After hours: 4:00PM EDT
|Bid||42.11 x 1400|
|Ask||48.02 x 800|
|Day's Range||39.85 - 44.17|
|52 Week Range||30.89 - 96.82|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||11.71|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||4.00 (9.21%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||82.00|
What a difference a month makes. Through the first week of March, US companies looking to slash borrowing costs rushed to the leveraged loan market to find yield-hungry investors willing to accept lower prices if only to have an opportunity to put money to work. Borrowers, wary of the virus’ impact on revenues and memories of banks’ 2008 liquidity crunch, soon moved from opportunistic debt reduction exercises to a dash-for-cash with companies across industries drawing on credit lines or signing new facilities in the last three weeks.
Lamar Advertising Company (“Lamar”) (LAMR), a leading operator of outdoor advertising and logo sign displays, today announced that it has withdrawn its full-year financial guidance for 2020 in light of the significant macroeconomic uncertainty resulting from the coronavirus pandemic. 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, subject to the approval of its board of directors. On March 31, 2020, Lamar paid a previously announced distribution of $1.00 per share to stockholders of record as of March 16, 2020.
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We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
While Lamar Advertising (LAMR) banks on acquisitions and portfolio upgradation for growth, high capital expenditure related to these might impact its free cash flow.
BATON ROUGE, La., Feb. 27, 2020 -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its.
BATON ROUGE, La., Feb. 26, 2020 -- Lamar Advertising Company (Nasdaq: LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a.
BATON ROUGE, La., Feb. 24, 2020 -- Lamar Advertising Company (Nasdaq: LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in.
Lamar Advertising Company (REIT) (NASDAQ:LAMR) last week reported its latest yearly results, which makes it a good...
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Lamar (LAMR) delivered FFO and revenue surprises of -2.38% and -0.51%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Three Month Results Net revenue increased 8.1% to $462.7 millionNet income increased $7.1 million to $102.8 millionAdjusted EBITDA increased 10.4% to $215.6 million Twelve.
Lamar Advertising Company (“Lamar”) (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $2.35 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its balance sheet. Taken together, the transactions will lower Lamar Media’s cost of debt, extend its debt maturities, improve its liquidity and free cash flow and lower its exposure to floating interest rates. “These transactions are a testament to the faith that the capital markets have in the outlook for Lamar and the out-of-home sector, and they provide valuable flexibility that positions us well for continued growth,” said Lamar executive vice president and chief financial officer Jay Johnson.
Lamar Media has locked in an interest rate more reminiscent of the buyout boom of 2007 than the current market. The coupon is among the tightest rates on a broadly syndicated loan since 2007 when energy company Kinder Morgan and Weight Watchers were among issuers able to lock in the same rate, according to Refinitiv LPC data. JP Morgan and Wells Fargo are arranging the loan for Lamar, which may allocate later today.
Boston Properties' (BXP) lease with Shearman & Sterling reflects the strong demand for its office properties in transit-oriented location and modern amenities.
Lamar Advertising Company (LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $1.0 billion in aggregate principal amount of new senior notes (the “Notes”) consisting of (i) $600.0 million in aggregate principal amount of 3 3/4% Senior Notes due 2028 and (ii) $400.0 million in aggregate principal amount of 4% Senior Notes due 2030 through an institutional private placement. The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $987.0 million. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to (i) redeem all of its outstanding $510.0 million aggregate principal amount 5 3/8% Senior Notes due 2024, (ii) repay the Term A loans under its senior credit facility, (iii) repay certain outstanding amounts under the revolving portion of its senior credit facility, and (iv) with the remainder, if any, to fund working capital needs or for general corporate purposes.
Moody's Investors Service ("Moody's") assigned a Ba2 rating to Lamar Media Corporation's proposed senior unsecured notes (consisting of 8 year and 10 year notes). The existing ratings, including the Baa3 rating for the previously announced senior secured credit facility (consisting of a $750 million revolver and $600 million term loan B) and Ba3 rating for the existing senior subordinated notes are unchanged.
OUTFRONT Media's (OUT) latest contract with the Washington Metropolitan Area Transit Authority to aid the company in benefiting from its presence in a vital and technologically-advanced market.
Equinix's (EQIX) buyout of bare metal automation vendor, Packet, will add crucial new on-demand deployment alternatives to Platform Equinix and boost the delivery of enhanced edge services.