Wall Street analysts expect Outfront Media Inc (NYSE:OUT) to report $337.61 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Outfront Media’s earnings, with the lowest sales estimate coming in at $337.30 million and the highest estimate coming in at $337.91 million. Outfront Media posted sales of $330.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Outfront Media will report full year sales of $337.61 million for the current fiscal year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts anticipate that the business will report sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.63 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Outfront Media.
Outfront Media (NYSE:OUT) last released its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.31). Outfront Media had a return on equity of 10.31% and a net margin of 8.27%. The business had revenue of $401.30 million for the quarter, compared to the consensus estimate of $404.74 million.
Several research firms have weighed in on OUT. Zacks Investment Research cut Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Wednesday, January 10th. ValuEngine cut Outfront Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Co dropped their price target on Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Outfront Media has an average rating of “Hold” and an average target price of $26.50.
Shares of Outfront Media (OUT) opened at $19.34 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.26 and a current ratio of 1.25. Outfront Media has a 12 month low of $18.92 and a 12 month high of $26.97. The firm has a market capitalization of $2,679.44, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 9th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, March 8th. Outfront Media’s payout ratio is 160.00%.
A number of institutional investors have recently bought and sold shares of OUT. Dimensional Fund Advisors LP bought a new stake in Outfront Media in the second quarter worth $9,023,000. First Trust Advisors LP lifted its stake in Outfront Media by 36.4% in the third quarter. First Trust Advisors LP now owns 253,129 shares of the financial services provider’s stock worth $6,374,000 after purchasing an additional 67,492 shares during the last quarter. Aperio Group LLC lifted its stake in Outfront Media by 60.1% in the third quarter. Aperio Group LLC now owns 15,961 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 5,989 shares during the last quarter. Boston Partners bought a new stake in Outfront Media in the third quarter worth $3,607,000. Finally, Comerica Bank lifted its stake in Outfront Media by 11.7% in the third quarter. Comerica Bank now owns 190,089 shares of the financial services provider’s stock worth $4,475,000 after purchasing an additional 19,854 shares during the last quarter. 99.46% of the stock is owned by institutional investors and hedge funds.
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Outfront Media Company Profile
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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