OUTFRONT Media Inc. (OUT) To Go Ex-Dividend on March 7th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Friday, March 7th.

OUTFRONT Media has raised its dividend payment by an average of 59.4% annually over the last three years.

OUTFRONT Media Price Performance

OUT stock opened at $18.37 on Thursday. The stock has a market capitalization of $2.98 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. The company’s 50-day moving average is $18.42 and its 200-day moving average is $18.40. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media has a 1 year low of $13.35 and a 1 year high of $19.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $490.42 million. Equities research analysts expect that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OUT. Morgan Stanley raised their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and issued a $21.53 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, OUTFRONT Media currently has a consensus rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.