Outfront Media Inc (NYSE:OUT) – Research analysts at Imperial Capital raised their Q3 2019 earnings per share estimates for shares of Outfront Media in a research note issued to investors on Wednesday, May 8th, Zacks Investment Research reports. Imperial Capital analyst D. Miller now anticipates that the financial services provider will post earnings per share of $0.67 for the quarter, up from their previous estimate of $0.66. Imperial Capital also issued estimates for Outfront Media’s FY2019 earnings at $2.35 EPS, Q1 2020 earnings at $0.28 EPS and FY2020 earnings at $2.46 EPS.
OUT has been the subject of several other research reports. Barrington Research reaffirmed a “buy” rating and issued a $25.00 target price on shares of Outfront Media in a report on Wednesday, February 27th. CIBC started coverage on shares of Outfront Media in a report on Friday, March 29th. They issued an “outperform” rating and a $30.00 target price for the company. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, April 30th. Finally, Oppenheimer started coverage on shares of Outfront Media in a report on Thursday, March 28th. They issued a “buy” rating and a $30.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.09.
Shares of OUT stock traded up $0.21 during mid-day trading on Monday, reaching $24.83. 2,390,662 shares of the company’s stock traded hands, compared to its average volume of 974,858. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.46 and a beta of 1.10. The company has a debt-to-equity ratio of 3.07, a current ratio of 0.65 and a quick ratio of 0.65. Outfront Media has a 12 month low of $16.81 and a 12 month high of $25.93.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.23). Outfront Media had a net margin of 6.40% and a return on equity of 9.36%. The business had revenue of $371.70 million for the quarter, compared to the consensus estimate of $364.55 million. During the same period in the previous year, the firm earned $0.27 EPS. The company’s revenue was up 10.0% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the business. LPL Financial LLC bought a new position in shares of Outfront Media in the third quarter valued at approximately $413,000. Legal & General Group Plc grew its holdings in Outfront Media by 2.8% during the third quarter. Legal & General Group Plc now owns 140,001 shares of the financial services provider’s stock valued at $2,793,000 after purchasing an additional 3,873 shares during the period. Vanguard Group Inc grew its holdings in Outfront Media by 6.6% during the third quarter. Vanguard Group Inc now owns 19,594,607 shares of the financial services provider’s stock valued at $390,912,000 after purchasing an additional 1,216,208 shares during the period. State of Alaska Department of Revenue grew its holdings in Outfront Media by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 60,138 shares of the financial services provider’s stock valued at $1,087,000 after purchasing an additional 1,065 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Outfront Media by 99.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 63,496 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 31,700 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.
In other Outfront Media news, CEO Jeremy J. Male sold 80,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $23.54, for a total value of $1,883,200.00. Following the sale, the chief executive officer now owns 392,703 shares in the company, valued at approximately $9,244,228.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.80%. The ex-dividend date is Thursday, June 6th. Outfront Media’s payout ratio is currently 66.98%.
Outfront Media Company Profile
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.