文章核心观点 - 公司股价年初至今上涨11.7%,而行业下跌10.2% [1] - 公司获得Zacks Rank 2(买入)评级 [1] - 公司第一季度调整后每股AFFO为1.54美元,超过市场预期1.52美元,同比增长9.2% [2] - 公司第一季度收入为4.982亿美元,同比增长5.7%,超过市场预期4.888亿美元 [2] - 公司CEO表示第一季度业绩超出内部预期,本地销售表现尤其强劲,数字业务也恢复同店增长,全年前景良好,并上调了2024年AFFO指引至7.75-7.90美元/股 [3] 公司概况 - 公司是美国户外广告结构最大的所有者和运营商之一,在美国拥有领先的标志牌提供商地位 [5] - 公司客户群多元化,包括服务、医疗、餐饮、零售、汽车、保险和博彩等行业 [5] - 公司收入有很大一部分来自本地企业,客户群分散,收入相对稳定 [6] 业务发展 - 公司近年来不断优化资产组合,提高现有广告位的使用率,在美国户外广告业务中占据重要市场份额 [7] - 公司加大数字化能力建设,数字收入占广告收入的29% [7] - 户外广告近年来受益于技术进步和成本优势而日益受欢迎 [8] - 公司通过战略性收购在现有和新市场的户外广告资产,实现了快速扩张 [8][9][10] - 公司2021年完成总额3.123亿美元的收购,2022年完成73笔总额4.798亿美元的收购,2023年完成36笔总额1.39亿美元的收购 [9][10] 财务表现 - 公司历史现金流增长率8.25%,高于行业2.57% [11] - 公司最近12个月的净资产收益率为41.86%,远高于行业3.06%,反映其资本回报效率较高 [11][12] - 公司坚持向股东支付稳定的股息,最近一次将季度股息从1.25美元提高到1.30美元,增幅4%,过去5年共提高7次,年化增长率14.39% [13]

BATON ROUGE, La., May 16, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.30 per share payable on June 28, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on June 17, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 202 ...

BATON ROUGE, La., May 16, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has declared a quarterly cash dividend of $1.30 per share payable on June 28, 2024 to stockholders of record of Lamar's Class A common stock and Class B common stock on June 17, 2024. Subject to the approval of its board of directors, Lamar expects aggregate quarterly distributions to stockholders in 202 ...

Shares of Lamar Advertising (LAMR) have risen 14.6% over the past three months compared with the industry’s growth of 1.9%.The impressive footprint of outdoor advertising assets, the unmatched logo sign business, a diversified tenant base across various sectors and a focus on local businesses are tailwinds for Lamar.Moreover, the estimate revision trend for 2024 funds from operations (FFO) per share indicates a favorable outlook for this Zacks Rank #2 (Buy) company as it has been revised 3.7% northward over ...

BATON ROUGE, La., May 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (NASDAQ:LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024 at approximately 8:00 a.m. ET. The session will be carried live via audio webcast at the Company's website, www.lamar.com, and will be archived for 30 days. About Lamar Advertisin ...

Lamar Advertising (LAMR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The powe ...

财务数据和关键指标变化 - 第一季度收入同比增长5.3%,为连续第12个季度实现同店销售增长 [5][6] - 第一季度EBITDA同比增长6.5% [6] - 全年AFFO指引上调至7.75-7.90美元/股 [7] - 计划在第二季度派发1.30美元/股的分红,并有望在第三季度和年末再次提高分红 [7] 各条业务线数据和关键指标变化 - 本地和区域销售连续第12个季度增长,但国内销售疲软仍拖累整体收入增长 [16] - 本地和区域销售占billboard收入的比重从去年第四季度的78%上升至82% [16] - 交通和机场业务收入分别增长11.6%和20.4% [13] 各个市场数据和关键指标变化 - 除中西部地区外,其他地区billboard业务均实现中单位数增长 [12] - 纽约和西雅图本地销售表现出色,抵消了国内销售疲软的影响 [25] - 加拿大交通业务和机场业务表现出色 [25] 公司战略和发展方向及行业竞争 - 公司计划在2024年大部分自由现金流用于偿还3.5亿美元的定期贷款A,为2025年及以后的并购做准备 [9] - 公司正在推进技术升级项目,第一阶段已于4月1日完成新ERP系统上线,第二阶段将聚焦销售系统的现代化和整合 [22] - 行业会议上,公司看到广告主特别是本地广告主对户外广告的认可和需求 [10] 管理层对经营环境和未来前景的评论 - 第二季度国内销售可能略有好转,但仍将下降 [8] - 预计全年政治广告将为公司带来持续的增长动力 [8] - 如果全年业绩如预期,公司将在第三季度和年末再次提高分红 [7] - 公司有望在2024年底将总杠杆降至3倍以下,为未来并购留下充足的投资能力 [19]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-Q ________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-36756 __________________________________ Lamar Ad ...

Lamar Advertising (LAMR) came out with quarterly funds from operations (FFO) of $1.54 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to FFO of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.32%. A quarter ago, it was expected that this outdoor and transit advertising company would post FFO of $1.95 per share when it actually produced FFO of $2.10, delivering a surprise of 7.69%.Over the l ...

5321 Corporate Boulevard Baton Rouge, LA 70808 Lamar Advertising Company Announces First Quarter Ended March 31, 2024 Operating Results Three Month Results • Net revenue was $498.2 million • Net income was $78.5 million • Adjusted EBITDA was $211.9 million Baton Rouge, LA – May 2, 2024 - Lamar Advertising Company (the “Company” or “Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the first quarter ended March 31 ...