Revenue Update on Lamar Advertising Co(NASDAQ:LAMR)

Lamar Advertising Co(NASDAQ:LAMR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $387.53M. Analysts estimated a revenue of $384.09M. Earnings per share were $0.84. Analysts had estimated an EPS of $0.83.

Lamar Advertising Co (LAMR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.15% or 0.09 points. Due to strong positive momentum, the stock ended at $61.9, which is also near the day’s high of $62.94. The stock began the session at $61.99 and the volume stood at 5,61,522 shares. The 52-week high of the shares is $69.35 and the 52 week low is $49.73. The company has a current market capitalization of $6,033 M and it has 9,74,58,599 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Stephen P Mumblow (director) sold 10,000 shares at $63.50 per share price.Also, On May 10, 2016, Keith A Istre (Chief Financial Officer) sold 8,918 shares at $63.47 per share price.On Jan 22, 2016, Wendell Reilly (director) sold 18,075 shares at $60.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Lamar Advertising Company is an outdoor advertising company in the United States. The Company operates in the advertising segment. The Company sells advertising on billboards buses shelters benches and logo plates. It operates three types of outdoor advertising displays: billboards logo signs and transit advertising displays. As of December 31 2012 the Company owned and operated over 144000 billboard advertising displays in 44 states Canada and Puerto Rico over 115000 logo advertising displays in 22 states and the province of Ontario Canada and operated over 34000 transit advertising displays in 15 states Canada and Puerto Rico. In August 2014 the Company acquired the assets of Marco Outdoor Advertising Inc.

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