June 10, 2019

LAMR – Market expectations are for LAMR to see Uniform ROA stability, but management is concerned about competition and growth


  • Lamar Advertising Company (REIT) (LAMR:USA) currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 23.2x Uniform P/E. At these levels, the market has expectations for stable profitability for the firm, but management has concerns about sales growth and competition
  • Specifically, management may lack confidence in their ability to sustain sales growth, and may be concerned about performance in their larger markets relative to competitors.
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