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 April 26, 2024, LAMR stock price climbed to $114.37 with 164,573 million shares trading.

LAMR has a beta of 1.65, meaning it tends to be more sensitive to market movements. LAMR has a correlation of 0.45 to the broad based SPY ETF.

LAMR has a market cap of $11.67 billion. This is considered a Large Cap stock.

Last quarter Lamar Advertising Company - Class A reported $556 million in Revenue and $1.46 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.11.

In the last 3 years, LAMR stock traded as high as $124.32 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 stock has underperformed the market in the last year with a return of +15.1%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LAMR shares. However, LAMR has outperformed the market in the last 3 month and 2 week periods, returning +9.4% and +0.8%, while SPY returned +4.5% and -1.9%, respectively. This indicates LAMR has been having a stronger performance recently.

LAMR support price is $111.11 and resistance is $114.51 (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 stock will trade within this expected range on the day.