OUTFRONT Media (NYSE:OUT) Hits New 1-Year Low – Time to Sell?

OUTFRONT Media Inc. (NYSE:OUT)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.14 and last traded at $13.25, with a volume of 238720 shares traded. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, OUTFRONT Media presently has a consensus rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Trading Down 5.2 %

The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. The business has a 50 day moving average of $17.29 and a 200 day moving average of $18.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00.

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

OUTFRONT Media Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a yield of 9.10%. OUTFRONT Media’s dividend payout ratio (DPR) is currently 81.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of OUTFRONT Media by 1,484.2% during the first quarter. GAMMA Investing LLC now owns 60,138 shares of the financial services provider’s stock worth $971,000 after purchasing an additional 56,342 shares during the last quarter. Wellington Management Group LLP boosted its stake in OUTFRONT Media by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider’s stock worth $73,005,000 after buying an additional 342,413 shares during the last quarter. California State Teachers Retirement System grew its holdings in OUTFRONT Media by 2.9% in the 4th quarter. California State Teachers Retirement System now owns 130,340 shares of the financial services provider’s stock valued at $2,312,000 after buying an additional 3,690 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in OUTFRONT Media in the 4th quarter valued at about $365,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of OUTFRONT Media during the 4th quarter valued at about $608,000.

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.