Clear Channel Outdoor (NYSE:CCO) Issues Quarterly Earnings Results

Clear Channel Outdoor (NYSE:CCO) announced its quarterly earnings results on Monday. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04), Zacks reports. Clear Channel Outdoor updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Clear Channel Outdoor Price Performance

Shares of Clear Channel Outdoor stock opened at $1.34 on Tuesday. The stock has a market capitalization of $652.92 million, a price-to-earnings ratio of -4.60 and a beta of 3.03. The firm’s fifty day simple moving average is $1.41 and its 200-day simple moving average is $1.50. Clear Channel Outdoor has a 12 month low of $1.29 and a 12 month high of $2.06.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CCO shares. Barrington Research reiterated an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a research note on Monday. TD Cowen cut their target price on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a report on Friday, November 1st.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.