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Morgan Stanley Downgrades Lamar Advertising to Equal-Weight, Lowers Price Target to $103
Morgan Stanley analyst Benjamin Swinburne downgrades Lamar Advertising (NASDAQ:LAMR) from Overweight to Equal-Weight and lowers the price target from $135 to $103.
Lamar Advertising Earnings Perspective: Return On Invested Capital
According to Benzinga Pro, during Q1, Lamar Advertising (NASDAQ:LAMR) earned $92.15 million, a 25.27% increase from the preceding quarter. Lamar Advertising's sales decreased to $451.39 million, a 8.73% change since Q4.
Earnings Scheduled For May 5, 2022
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Ominous Death Cross Forms On Lamar Advertising’s Chart
If history is any guide, there may be trouble ahead for shares of Lamar Advertising (NASDAQ:LAMR). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.
Looking Into Lamar Advertising’s Return On Invested Capital
According to Benzinga Pro, during Q4, Lamar Advertising (NASDAQ:LAMR) earned $123.31 million, a 15.42% increase from the preceding quarter. Lamar Advertising also posted a total of $494.57 million in sales, a 3.71% increase since Q3.
Recap: Lamar Advertising Q4 Earnings
Lamar Advertising (NASDAQ:LAMR) reported its Q4 earnings results on Friday, February 25, 2022 at 06:00 AM.
Here's what investors need to know about the announcement.