Lamar (LAMR) Stock Declines 2.4% Despite Q4 AFFO & Revenues Beat [Yahoo! Finance]
Lamar Advertising Company - Class A (LAMR)
Last lamar advertising company - class a earnings: 2/20 06:00 am
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Source: Yahoo! Finance
The figure also compared favorably with the prior-year quarter's tally of $1.91. Results reflect year-over-year growth in the top line. However, higher interest expenses during the quarter acted as a dampener. Probably because of negative sentiments, shares of the company lost 2.44% on the Feb 23 normal trading session on the NYSE despite better-than-expected results. Quarterly net revenues of $555.9 million increased 3.8% on a year-over-year basis and beat the consensus mark of $549.8 million. Per the company's chief executive, Sean Reilly, “Revenue growth accelerated as we moved through the fourth quarter, primarily because of strength in local sales. The result is that we achieved $7.47 in full-year AFFO per diluted share, easily beating our revised guidance range for 2023. For 2024, we are projecting further growth in AFFO, with a range of $7.67 to $7.82 per diluted share.” For the full-year 2023, the AFFO per share came in at $7.47, higher than the prior-year tally of $7.
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News
- Lamar Advertising Company Selects Vistar Media to Power its US Digital Out-of-Home Billboard Network [Yahoo! Finance]Yahoo! Finance
- Lamar Advertising Company Selects Vistar Media to Power its US Digital Out-of-Home Billboard NetworkGlobeNewswire
- Lamar Advertising Company to Release First Quarter Ended March 31, 2024 Operating ResultsGlobeNewswire
- Here's Why Lamar Advertising Company (LAMR) Rose in Q4 [Yahoo! Finance]Yahoo! Finance
- Lamar Advertising (NASDAQ: LAMR) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LAMR
Earnings
- 2/23/24 - Beat
LAMR
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- LAMR's page on the SEC website