Analysts predict that Outfront Media Inc (NYSE:OUT) will announce $0.63 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Outfront Media’s earnings, with estimates ranging from $0.61 to $0.65. Outfront Media posted earnings per share of $0.55 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The firm is expected to announce its next earnings report on Wednesday, August 14th.
On average, analysts expect that Outfront Media will report full year earnings of $2.28 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.32. For the next financial year, analysts forecast that the business will report earnings of $2.40 per share, with EPS estimates ranging from $2.33 to $2.44. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Outfront Media.
Outfront Media (NYSE:OUT) last announced its earnings results on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.23). The business had revenue of $371.70 million for the quarter, compared to analyst estimates of $364.55 million. Outfront Media had a net margin of 6.40% and a return on equity of 9.36%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.
Several analysts have recently weighed in on OUT shares. Barrington Research restated a “buy” rating and set a $25.00 target price on shares of Outfront Media in a research note on Wednesday, February 27th. Oppenheimer started coverage on Outfront Media in a research note on Thursday, March 28th. They set a “buy” rating and a $30.00 target price for the company. CIBC started coverage on Outfront Media in a research note on Friday, March 29th. They set an “outperform” rating and a $30.00 target price for the company. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, April 30th. Finally, Imperial Capital upgraded Outfront Media from an “in-line” rating to an “outperform” rating and raised their target price for the company from $25.00 to $29.00 in a research note on Thursday, June 6th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $26.87.
In other news, CEO Jeremy J. Male sold 80,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $23.54, for a total transaction of $1,883,200.00. Following the transaction, the chief executive officer now owns 392,703 shares of the company’s stock, valued at $9,244,228.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its holdings in Outfront Media by 32.6% in the first quarter. Rockefeller Capital Management L.P. now owns 1,989 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 489 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Outfront Media by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 60,703 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 565 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Outfront Media by 8.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,792 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 574 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Outfront Media by 11.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,368 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 971 shares during the last quarter. Finally, Utah Retirement Systems lifted its holdings in Outfront Media by 2.3% in the fourth quarter. Utah Retirement Systems now owns 49,201 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 1,100 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of Outfront Media stock opened at $25.63 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $3.62 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. Outfront Media has a 1-year low of $16.81 and a 1-year high of $26.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.44 annualized dividend and a dividend yield of 5.62%. Outfront Media’s payout ratio is 66.98%.
Outfront Media Company Profile
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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