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Nancy Fletcher, a director at Lamar Advertising Co . (NASDAQ:LAMR), recently acquired shares in the company. According to a filing with the Securities and Exchange Commission, Fletcher purchased 235 shares of Lamar’s Class A Common Stock on February 24, 2025. The shares were bought at an average price of $123.18 each, totaling approximately $28,947. The purchase price sits between the stock’s 52-week range of $107.22 to $139.88, with the company currently valued at $12.68 billion. Following this transaction, Fletcher’s total holdings amount to 5,725 shares. This purchase reflects Fletcher’s ongoing investment in the Baton Rouge-based real estate investment trust, known for its outdoor advertising operations. The company maintains a healthy 5.09% dividend yield and has demonstrated steady revenue growth of 4.61% over the last twelve months. InvestingPro analysis reveals several key insights about LAMR’s valuation and market position, with additional ProTips available for subscribers.
In other recent news, Lamar Advertising Company disclosed its fourth-quarter 2024 earnings, which revealed a notable shortfall in both earnings per share (EPS) and revenue when compared to forecasts. The company reported an EPS of -$0.01, significantly below the anticipated $1.43, and revenues of $579.6 million, missing the forecasted $583.19 million. Despite this miss, the company achieved a 4.2% increase in full-year acquisition-adjusted revenue, reaching $2.21 billion, and a 4.5% rise in adjusted EBITDA to $1.03 billion. Citi analysts, led by Jason Bazinet, subsequently raised the price target for Lamar Advertising to $128 from the previous $121.76, while maintaining a Neutral rating on the stock. The adjustment in the price target was influenced by the extension of the valuation period to 2026, despite Citi’s modest downward revisions to revenue, adjusted EBITDA, and AFFO estimates. Additionally, Lamar plans a significant expansion of its digital advertising network in 2025, with expectations to deploy 350-375 new digital displays. The company also anticipates $150 million in mergers and acquisitions activity during the year. However, Lamar foresees challenges in replacing political advertising revenue, which could impact future earnings.
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