LAMR – Market expectations are for LAMR to see Uniform ROA stability, but management is concerned about competition and growth
June 10, 2019
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.