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Last $58.09 USD
Change Today -0.44 / -0.75%
Volume 602.1K
LAMR On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:20 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

lamar advertising co-a (LAMR) Snapshot

Open
$58.23
Previous Close
$58.53
Day High
$58.62
Day Low
$57.83
52 Week High
03/23/15 - $59.78
52 Week Low
10/15/14 - $43.39
Market Cap
5.6B
Average Volume 10 Days
772.4K
EPS TTM
$2.83
Shares Outstanding
80.9M
EX-Date
03/13/15
P/E TM
20.5x
Dividend
$2.72
Dividend Yield
5.47%
Current Stock Chart for LAMAR ADVERTISING CO-A (LAMR)

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lamar advertising co-a (LAMR) Details

Lamar Advertising Company is a publicly owned equity real estate investment trust. The firm primarily engages in selling advertising space on billboards, buses, shelters, benches, and logo plates. Lamar Advertising Company was founded in 1902 and is headquartered in Baton Rouge, Louisiana.

3,200 Employees
Last Reported Date: 02/26/15
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 Common Stock, Payable on March 31, 2015

Lamar Advertising Company announced that its board of directors has declared a quarterly cash dividend of $0.68 per share payable on March 31, 2015 to stockholders of record of Lamar's Class A common stock and Class B common stock on March 17, 2015. Lamar expects aggregate quarterly distributions to stockholders in 2015, including the dividend payable on March 31, 2015, will total $2.75 per common share.

Lamar Advertising Company Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year of 2015

Lamar Advertising Company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the fourth quarter, the company reported net revenues of $336.696 million compared to $320.352 million for the fourth quarter of 2013. Operating income was $88.464 million as compared to $63.836 million for the same period in 2013. Income before income tax was $63.985 million against $15.522 million a year ago. Net income applicable to common stock was $207.791 million or $2.18 per basic and diluted share against $10.094 million or $0.11 per basic and diluted share a year ago. Adjusted EBITDA was $150.591 million against $145.042 million a year ago. Total capital expenditures were $23.697 million against $27.973 million a year ago. Cash flows provided by operating activities were $149.325 million against $100.021 million a year ago. Free cash flow for the fourth quarter of 2013 was $100.196 million as compared to $85.0 million for the same period in 2013. Pro forma adjusted net revenue for the fourth quarter of 2014 (recognized on a monthly basis) was $329.2 million. This reflects a 4.4% increase over pro forma adjusted net revenue for the fourth quarter of 2013. Pro forma adjusted EBITDA increased 3.5% as compared to pro forma adjusted EBITDA for the fourth quarter of 2013. Pro forma adjusted net revenue and pro forma adjusted EBITDA include adjustments to the 2013 period for acquisitions and divestitures for the same time frame as actually owned in the 2014 period. Pro forma adjusted net revenue and pro forma adjusted EBITDA in the 2013 period and adjusted net revenue and Adjusted EBITDA in the 2014 period have been adjusted to reflect revenue recognition on a monthly basis over the term of each advertising contract. The increase in net income reflects a one time income tax benefit of $120.1 million related to the write off of a substantial portion of the company's deferred tax liabilities as a result of its conversion to a real estate investment trust. Funds from operations or FFO, was $136.8 million versus $86.0 million for the same period of 2013, an increase of 59.1%. Adjusted Funds from operations, or AFFO, for fourth quarter of 2014 was $117.3 million compared to $99.0 million for the same period in 2013, an 18.5% increase. Diluted AFFO per share, was $1.23 per share and $1.04 per share for the three months ended December 31, 2014 and 2013, respectively. For the year, the company reported net revenues of $1.287 billion compared to $1.246 billion for the same period in 2013. Operating income was $278.670 million as compared to $223.437 million for the same period in 2013. Income before income tax was $143.426 million against $62.980 million a year ago. Net income applicable to common stock was $253.153 million or $2.66 per basic and diluted share against $39.774 million or $0.42 per basic and diluted share a year ago. Adjusted EBITDA was $558.033 million against $545.148 million a year ago. Total capital expenditures were $107.573 million against $105.650 million a year ago. Cash flows provided by operating activities were $452.529 million against $394.705 million a year ago. Free cash flow was $338 million as compared to $303.6 million for the same period in 2013. FFO was $372.7 million versus $322.5 million for the same period of 2013, a 15.6% increase and AFFO for the twelve months ended December 31, 2014 was $388.5 million compared to $346.2 million for the same period in 2013, a 12.2% increase. Diluted AFFO per share increased to $4.08 per share as compared to $3.65 per share in the comparable period in 2013. The company provided earnings guidance for the fiscal year of 2015. For the year the company expects in connection with conversion to a REIT, Lamar does not intend to provide quarterly pro forma revenue guidance for future periods, as it has in the past. As a REIT, company plan to provide annual guidance for Adjusted funds from operations, a widely recognized metric of operating performance for REITs. Company anticipates AFFO for fiscal year 2015 will be between $417 million and $427 million, representing growth of approximately 7.5% to 10.0% over 2014. This equates to full year AFFO per share of $4.34 to $4.45. Projected 2015 net income will be between $243 million and $253 million, or $2.53 to $2.64 per share. The company expects the effective tax rate to be less than 10% or between 8% to 10%. The company expects approximately $55 million in maintenance CapEx for 2015.

Lamar Advertising Seeks Acquisitions

Lamar Advertising Co. (NasdaqGS:LAMR) is seeking acquisitions. Sean Reilly, Chief Executive Officer of Lamar, said "Our bias isn't regional or size or quite frankly revenue mix national/local. What we're focused on is high-quality, REIT-qualified out of home assets."

 

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LAMR Competitors

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Industry Analysis

LAMR

Industry Average

Valuation LAMR Industry Range
Price/Earnings 22.0x
Price/Sales 4.3x
Price/Book 5.7x
Price/Cash Flow 10.9x
TEV/Sales 2.8x
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