Outfront Media (NYSE:OUT) released its quarterly earnings data on Monday. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.35), Briefing.com reports. The company had revenue of $462.50 million for the quarter, compared to analysts’ expectations of $461.97 million. Outfront Media had a return on equity of 13.55% and a net margin of 8.72%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS.
Shares of OUT stock opened at $24.88 on Thursday. Outfront Media has a one year low of $16.81 and a one year high of $28.42. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average price of $27.22 and a 200 day moving average price of $26.34. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.42 and a beta of 1.06.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 6th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Thursday, December 5th. Outfront Media’s dividend payout ratio (DPR) is 66.98%.
A number of analysts recently commented on the stock. ValuEngine downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Barrington Research reissued a “buy” rating and set a $29.00 price objective on shares of Outfront Media in a research note on Tuesday. Zacks Investment Research downgraded shares of Outfront Media from a “buy” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research note on Wednesday, October 23rd. Finally, Imperial Capital upped their price target on shares of Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Outfront Media has an average rating of “Hold” and a consensus target price of $27.48.
About Outfront Media
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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