Lamar (LAMR) Q4 2025 Earnings Call Transcript

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Feb 20 2026

0mins

LAMR-0.07%

Should l Buy LAMR?

Source: NASDAQ.COM

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Analyst Views on LAMR

Wall Street analysts forecast LAMR stock price to rise

4 Analyst Rating

2 Buy

2 Hold

0 Sell

Moderate Buy

Current: 139.180

Low

128.00

Averages

139.50

High

145.00

Current: 139.180

Low

128.00

Averages

139.50

High

145.00

TD Cowen

Lance Vitanza

Buy

maintain

$140 -> $150

2026-02-23

Reason

TD Cowen

Lance Vitanza

Price Target

$140 -> $150

AI Analysis

2026-02-23

maintain

Buy

Reason

TD Cowen analyst Lance Vitanza raised the firm's price target on Lamar Advertising to $150 from $140 and keeps a Buy rating on the shares. The firm said they closed 2025 on firm footing, delivering +4% like-for-like revenue growth and ex $11M from political a year prior. Momentum carries into 2026, where a robust event calendar could lead to +3% revenue growth and AFFO of $8.50-8.70 per share, up +4% at the midpoint.

Morgan Stanley

Equal Weight

maintain

$135 -> $140

2025-12-16

Reason

Morgan Stanley

Price Target

$135 -> $140

2025-12-16

maintain

Equal Weight

Reason

Morgan Stanley raised the firm's price target on Lamar Advertising to $140 from $135 and keeps an Equal Weight rating on the shares as part of the firm's U.S. Advertising year-ahead outlook note.

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About LAMR

Lamar Advertising Company is an outdoor advertising company, with over 363,000 displays across the United States and Canada. It offers advertisers a variety of billboards, interstate logo, transit and airport advertising formats. The Company offers its customers a network of digital billboards in the United States with approximately 5,100 displays. The Company operates three types of outdoor advertising displays: billboards, logo signs and transit advertising displays. Under Billboards, it rents most of its advertising space on two types of billboards: bulletins and posters. In addition to traditional billboards, it rents space on digital billboards, which are located on major traffic arteries and city streets. Under Logo signs, it rents advertising space on logo signs located near highway exits. Under Transit advertising displays, it rents advertising space on the exterior and interior of public transportation vehicles, in airport terminals, and on transit shelters and benches.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Lamar Advertising Announces Quarterly Dividend Increase

5 days agoseekingalpha

Dividend Increase: Lamar Advertising has declared a quarterly dividend increase from $1.55 to $1.60 per share, representing a 3.2% rise, which indicates the company's commitment to returning value to shareholders supported by stable cash flow and profitability.
Yield Performance: The forward yield of 4.72% not only attracts income-seeking investors but also reflects the company's financial health in the current economic environment, potentially enhancing its market appeal.
Shareholder Assurance: The dividend will be payable on March 31, with a record date of March 16 and an ex-dividend date also on March 16, ensuring timely returns for shareholders and strengthening trust between the company and its investors.
Future Outlook: Lamar Advertising targets a 4.1% growth in AFFO per share and over 47% operating margins in 2026, indicating that its strategic focus on digital expansion will provide robust support for future profitability growth.

Lamar Advertising CEO to Attend Citi Global Property CEO Conference

Feb 23 2026Yahoo Finance

Conference Participation: Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a Q&A session at the Citi 2026 Global Property CEO Conference on March 2, 2026, at approximately 7:30 am EST, highlighting the company's leadership in the advertising sector.
Live Webcast: The session will be broadcast live via audio webcast on the company's website and archived for 30 days, ensuring that investors who cannot attend in real-time can access the information, thereby enhancing transparency.
Company Background: Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising firms in North America, boasting over 360,000 displays across the United States and Canada, showcasing its extensive influence in the advertising industry.
Digital Advertising Edge: Lamar also offers the largest network of digital billboards in the United States, with over 5,500 digital displays, enabling advertisers to effectively reach a broad audience and enhance advertising effectiveness.

LAMAR ADVERTISING CO: TD COWEN INCREASES TARGET PRICE TO $150, UP FROM $140

Feb 23 2026moomoo

Price Increase Announcement: The advertising company, LAMAR, has raised its target price from $140 to $150.
Market Implications: This adjustment may reflect positive expectations for the company's performance in the advertising sector.

Economists Predict No End to Tariffs Anytime Soon

Feb 21 2026Barron's

Recent Commentary: Money managers, research firms, and market newsletter writers have issued a commentary that has been edited by Barron's.
Market Insights: The commentary provides insights and perspectives on current market trends and investment strategies.

Lamar Advertising Company Q4 2025 Earnings Call Insights

Feb 20 2026seekingalpha

Sales Momentum: Lamar Advertising achieved over 4% revenue growth in Q4 2025 despite challenges from political advertising, indicating strong sales momentum in both local and national markets, which is expected to enhance future market share.
Optimistic AFFO Guidance: Management projects full-year AFFO for 2026 to be between $8.50 and $8.70 per share, representing a year-over-year growth of 4.1%, reflecting the company's best-ever operating margins of over 47% and indicating ongoing potential for digital advertising expansion.
Active Acquisition Strategy: The company completed 13 acquisitions in Q4 for a total of $57 million, bringing the annual acquisition total to $191 million, with management anticipating another active year of M&A in 2026 to further strengthen market competitiveness.
Digital Advertising Growth: Management emphasized the growth of digital and programmatic revenue, which is expected to be a significant driver of performance in 2026, while managing rising healthcare costs, with overall expense growth anticipated to remain manageable.