OUTFRONT Media (NYSE:OUT) Announces Earnings Results, Beats Estimates By $0.06 EPS

OUTFRONT Media (NYSE:OUT) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06, Zacks reports. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million.

OUTFRONT Media Stock Up 0.4 %

OUTFRONT Media stock opened at $18.37 on Thursday. OUTFRONT Media has a fifty-two week low of $13.35 and a fifty-two week high of $19.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50 day moving average price of $18.42 and a 200 day moving average price of $18.40. The company 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.

OUTFRONT Media Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.20 annualized dividend and a yield of 6.53%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 65.71%.

Analyst Ratings Changes

Several analysts have recently commented on OUT shares. Morgan Stanley lifted 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 set a $21.53 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.