Commodity Channel Index
|Bid||69.00 x 800|
|Ask||81.01 x 900|
|Day's Range||75.21 - 80.33|
|52 Week Range||30.89 - 96.82|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||20.73|
|Earnings Date||Aug 05, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||2.00 (2.79%)|
|Ex-Dividend Date||Jun 19, 2020|
|1y Target Est||65.00|
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
Lamar Advertising (LAMR) slashes dividend for the second quarter amid the uncertain business environment that is likely to prevail for the remainder of the year.
Lamar Advertising Company (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly dividend of $0.50 per share payable on June 30, 2020, to stockholders of record of Lamar’s Class A common stock and Class B common stock on June 22, 2020. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 3,600 displays.
Lamar Advertising Company (LAMR) (the “Company”) announced today that due to the public health concerns associated with the ongoing coronavirus (COVID-19) pandemic and to support the health and well-being of our stockholders and employees, the location of the 2020 Annual Meeting of Stockholders (the “Annual Meeting”) of the Company has been changed. As described in the proxy materials previously distributed in connection with the Annual Meeting, stockholders of record at the close of business on March 30, 2020 (the “Record Date”), are entitled to participate in the Annual Meeting. Stockholders who wish to attend the virtual Annual Meeting must register at http://viewproxy.com/LamarAdvertising/2020 by 11:59 p.m., Eastern Time, on May 25, 2020 (the “Registration Date”).
Lamar (LAMR) intends to use the proceeds from the senior note offering to repay outstanding balances under the revolving portion of its senior credit facility.
Lamar Advertising Company (LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million in aggregate principal amount of 4 7/8% Senior Notes due 2029 (the “Notes”) 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 $394.5 million. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, (i) to repay indebtedness outstanding under the revolving portion of its senior credit facility, and (ii) the remainder, if any, to fund working capital needs or for general corporate purposes.
Moody's Investors Service, (Moody's) downgraded Lamar Advertising Company's (Lamar) corporate family rating (CFR) to Ba3 from Ba2 and the probability of default rating (PDR) to Ba3-PD from Ba2-PD. In addition, Moody's assigned a Ba3 rating to subsidiary, Lamar Media Corporation's (Lamar Media) proposed senior unsecured notes.
Lamar Advertising Company (LAMR) announced today that it is seeking to raise approximately $400.0 million through an institutional private placement of senior notes (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp., subject to market conditions. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, (i) to repay indebtedness outstanding under the revolving portion of its senior credit facility, and (ii) the remainder, if any, to fund working capital needs or for general corporate purposes. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Lamar Advertising (LAMR) registers growth in operating income for Q1 but plans a reduction in capital expenditure for the year amid the choppiness in the market.
Mr. Reilly, you may begin. As it was, Q1 was our 40th consecutive quarter of revenue growth and an indication that the fundamental to the out-of-home business, our ability to deliver large audiences at affordable prices with powerful messages are prized by advertisers.
The gain was almost unreal, but the earnings report that precipitated it wasn't. Here's a few things investors liked about the update.
Lamar (LAMR) delivered FFO and revenue surprises of -0.88% and 4.20%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Three Month Results Net revenue increased 5.8% to $406.6 millionNet income was $40.5 millionAdjusted EBITDA increased 9.4% to $159.8 million Three Month Acquisition-Adjusted.
BATON ROUGE, La., May 05, 2020 -- Lamar Advertising Company (Nasdaq: LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to speak at the.
BATON ROUGE, La., April 08, 2020 -- Lamar Advertising Company (Nasdaq: “LAMR”) will release its first quarter ended March 31, 2020 earnings report before the market opens.
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.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
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 […]
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.