Shares of OUTFRONT Media Inc. (NYSE:OUT – Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $17.02 and last traded at $17.01, with a volume of 296861 shares traded. The stock had previously closed at $16.66.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price objective on the stock. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Barrington Research raised their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. boosted their price objective on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $16.00.
OUTFRONT Media Stock Performance
The stock has a 50 day moving average price of $15.21 and a two-hundred day moving average price of $15.08. The company has a debt-to-equity ratio of 5.08, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -6.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.92.
OUTFRONT Media (NYSE:OUT – Get Free Report) last announced its earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a negative net margin of 23.38% and a negative return on equity of 72.77%. The company had revenue of $477.30 million for the quarter, compared to analyst estimates of $482.27 million. During the same period in the prior year, the business earned $0.47 earnings per share. OUTFRONT Media’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that OUTFRONT Media Inc. will post 1.55 EPS for the current fiscal year.
OUTFRONT Media Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a yield of 7.06%. OUTFRONT Media’s dividend payout ratio is presently -45.11%.
Institutional Investors Weigh In On OUTFRONT Media
Several hedge funds have recently bought and sold shares of OUT. Quarry LP raised its position in shares of OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,325 shares during the period. Spire Wealth Management bought a new stake in OUTFRONT Media during the 4th quarter worth approximately $28,000. National Bank of Canada FI acquired a new stake in OUTFRONT Media during the 2nd quarter worth approximately $28,000. Riverview Trust Co bought a new position in OUTFRONT Media in the first quarter valued at approximately $33,000. Finally, Quest Partners LLC raised its position in OUTFRONT Media by 30.0% in the 2nd quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock valued at $62,000 after buying an additional 994 shares during the last quarter.
About OUTFRONT Media
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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.