Outfront Media (NYSE:OUT) released its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.23), Briefing.com reports. Outfront Media had a return on equity of 9.36% and a net margin of 6.40%. The firm had revenue of $371.70 million for the quarter, compared to analysts’ expectations of $364.55 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis.
Shares of NYSE:OUT traded up $0.55 during midday trading on Wednesday, reaching $25.43. 41,146 shares of the company’s stock traded hands, compared to its average volume of 862,355. The company has a market cap of $3.52 billion, a P/E ratio of 11.87, a PEG ratio of 1.47 and a beta of 1.25. 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 one year low of $16.81 and a one year high of $25.93.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Thursday, June 6th. Outfront Media’s payout ratio is currently 66.98%.
Several institutional investors have recently modified their holdings of OUT. Vanguard Group Inc increased its position in Outfront Media by 6.6% in the third quarter. Vanguard Group Inc now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after buying an additional 1,216,208 shares in the last quarter. Vanguard Group Inc. increased its stake in Outfront Media by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after purchasing an additional 1,216,208 shares during the period. FMR LLC increased its stake in Outfront Media by 0.7% in the 4th quarter. FMR LLC now owns 12,076,469 shares of the financial services provider’s stock worth $218,825,000 after purchasing an additional 83,818 shares during the period. BlackRock Inc. increased its stake in Outfront Media by 21.5% in the 1st quarter. BlackRock Inc. now owns 8,708,773 shares of the financial services provider’s stock worth $203,787,000 after purchasing an additional 1,540,539 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Outfront Media by 2.2% in the 1st quarter. Janus Henderson Group PLC now owns 4,496,384 shares of the financial services provider’s stock worth $105,215,000 after purchasing an additional 98,059 shares during the period. Institutional investors and hedge funds own 95.48% of the company’s stock.
Several research analysts have weighed in on OUT shares. Barrington Research reiterated a “buy” rating and issued a $25.00 price objective on shares of Outfront Media in a research note on Wednesday, February 27th. Citigroup downgraded shares of Outfront Media from a “buy” rating to a “neutral” rating and set a $20.81 price objective for the company. in a research report on Thursday, January 31st. Zacks Investment Research downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. CIBC began coverage on shares of Outfront Media in a research report on Friday, March 29th. They issued an “outperform” rating and a $30.00 price objective for the company. Finally, Oppenheimer began 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.09.
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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.
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