Outfront Media (NYSE:OUT) has earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $27.00.
OUT has been the subject of several recent research reports. Zacks Investment Research downgraded Outfront Media from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine downgraded Outfront Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo dropped their price objective on Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th.
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OUT opened at $19.91 on Monday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 9.96, a PEG ratio of 1.71 and a beta of 1.09. Outfront Media has a 1 year low of $19.95 and a 1 year high of $20.18. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.83.
Outfront Media (NYSE:OUT) last released its quarterly earnings results on Wednesday, May 2nd. The financial services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.22). The firm had revenue of $337.90 million during the quarter, compared to the consensus estimate of $337.44 million. Outfront Media had a net margin of 8.67% and a return on equity of 10.87%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. research analysts expect that Outfront Media will post 2.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.44 annualized dividend and a yield of 7.23%. Outfront Media’s dividend payout ratio is presently 72.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Outfront Media by 45.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 2,324 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Outfront Media in the 1st quarter valued at $147,000. Point72 Asia Hong Kong Ltd raised its holdings in Outfront Media by 485.4% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 8,301 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 6,883 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in Outfront Media in the 4th quarter valued at $235,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Outfront Media in the 4th quarter valued at $246,000. 99.59% of the stock is owned by hedge funds and other institutional investors.
Outfront Media Company Profile
OUTFRONT Media connects 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 Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.