logo
Plus   Neg
Share
Email

Lamar Advertising Guides FY19 Earnings Above View - Quick Facts

While reporting financial results for the fourth quarter, Lamar Advertising Co. (LAMR) initiated earnings guidance for the full-year 2019.

The company projects Adjusted Funds From Operations (AFFO) per share for fiscal 2019 in a range of $5.67 to $5.83, and earnings in the range of $3.69 to $3.86 per share.

On average, 6 analysts polled by Thomson Reuters expect the company to report earnings of $3.49 per share for the year. Analysts' estimates typically exclude special items.

"Our integration of the markets that we acquired from Fairway in late December is going well and we anticipate another year of solid sales and AFFO growth in 2019," said Chief Executive Sean Reilly.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

24 Articles
Editors Pick
Micro-blogging site Twitter Inc. (TWTR) Tuesday reported a surge in its first-quarter profit. Both earnings and revenues beat analysts' estimates, sending shares up by 6 percent in the pre-market trading. But, Twitter's average monthly active users or MAU figure declined from last year. Verizon Communications Inc. on Tuesday reported a nearly 11 percent increase in profit for the first quarter from last year on higher wireless revenues and flat expenses. Adjusted earnings per share for the quarter beat analysts' estimates, while revenues were in-line with expectations. Looking ahead, the company raised its adjusted earnings outlook for fiscal 2019. While reporting financial results for the third quarter, consumer goods giant Procter & Gamble Co. (PG) on Tuesday maintained its full-year 2019 guidance for earnings per share and core earnings per share growth, while raising its outlook for all-in sales growth and organic sales growth for the year. For...
Follow RTT