LAMR Stock Summary and Trading Ideas (Lamar Advertising Company - Class A | NASDAQ:LAMR)

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Lamar Advertising Company - Class A trades on the NASDAQ stock market under the symbol LAMR.

As of December 13, 2024, LAMR stock price climbed to $129.00 with 293,693 million shares trading.

LAMR has a beta of 0.67, meaning it tends to be less sensitive to market movements. LAMR has a correlation of 0.22 to the broad based SPY ETF.

LAMR has a market cap of $13.20 billion. This is considered a Large Cap stock.

Last quarter Lamar Advertising Company - Class A reported $564 million in Revenue and $1.44 earnings per share. This fell short of revenue expectation by $-30 million and missed earnings estimates by -$.01.

In the last 3 years, LAMR traded as high as $139.88 and as low as $77.21.

The top ETF exchange traded funds that LAMR belongs to (by Net Assets): VNQ, VTI, IJH, VB, VXF.

LAMR has underperformed the market in the last year with a price return of +24.7% while the SPY ETF gained +29.9%. LAMR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -3.7%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

LAMR support price is $127.58 and resistance is $130.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LAMR shares will trade within this expected range on the day.