Brokerages expect Outfront Media Inc (NYSE:OUT) to announce $0.56 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Outfront Media’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.55. Outfront Media also posted earnings of $0.56 per share in the same quarter last year. The business is scheduled to issue its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Outfront Media will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.96. For the next fiscal year, analysts forecast that the company will report earnings of $2.25 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Outfront Media.
Outfront Media (NYSE:OUT) last announced its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). Outfront Media had a return on equity of 9.57% and a net margin of 7.71%. The firm had revenue of $392.40 million for the quarter, compared to analyst estimates of $391.18 million. During the same period in the previous year, the business posted $0.63 EPS. Outfront Media’s revenue for the quarter was up 2.5% compared to the same quarter last year.
OUT has been the topic of several recent research reports. Zacks Investment Research raised Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, January 2nd. ValuEngine lowered Outfront Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Outfront Media in a research note on Tuesday, October 3rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of Outfront Media in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.83.
Hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in Outfront Media by 18.6% in the 3rd quarter. Stifel Financial Corp now owns 36,252 shares of the financial services provider’s stock valued at $917,000 after buying an additional 5,696 shares in the last quarter. Vanguard Group Inc. boosted its stake in Outfront Media by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock valued at $270,185,000 after buying an additional 535,730 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Outfront Media by 105.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 21,470 shares of the financial services provider’s stock valued at $496,000 after buying an additional 11,030 shares in the last quarter. Neuberger Berman Group LLC raised its position in Outfront Media by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after purchasing an additional 1,254,605 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Outfront Media by 4.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,642,750 shares of the financial services provider’s stock valued at $41,365,000 after purchasing an additional 66,425 shares during the last quarter.
Shares of Outfront Media (NYSE:OUT) traded up $0.23 during trading hours on Friday, hitting $22.50. The stock had a trading volume of 555,524 shares, compared to its average volume of 572,855. Outfront Media has a one year low of $20.82 and a one year high of $27.89. The firm has a market cap of $3,087.43, a price-to-earnings ratio of 26.79, a PEG ratio of 1.55 and a beta of 1.13. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Thursday, December 7th. Outfront Media’s dividend payout ratio is 171.43%.
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About Outfront Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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