Today it was reported that the CFO of Lamar Advertising (LAMR), Keith Istre, exercised options to sell 22,263 LAMR shares at $42.21 a share, for a total transaction value of $1.71M.
Following Keith Istre’s last LAMR Sell transaction on November 13, 2018, the stock climbed by 2.5%.
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Based on Lamar Advertising’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $428 million and quarterly net profit of $95.69 million. In comparison, last year the company earned revenue of $398 million and had a net profit of $87.16 million. LAMR’s market cap is $7.69B and the company has a P/E ratio of 25.22. Currently, Lamar Advertising has an average volume of 359.7K.
The insider sentiment on Lamar Advertising has been positive according to 21 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Lamar Advertising Co. engages in advertising services. The firm leases space for advertising on billboards, buses, shelters, benches, logo plates and in airport terminals. It operates through the following advertising displays: billboards, logo signs, and transit advertising displays. The company was founded in 1902 and is headquartered in Baton Rouge, LA.
