Outfront Media (NYSE:OUT) – Equities research analysts at Barrington Research cut their Q1 2018 earnings per share (EPS) estimates for Outfront Media in a report released on Wednesday, Zacks Investment Research reports. Barrington Research analyst J. Goss now forecasts that the financial services provider will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.33. Barrington Research also issued estimates for Outfront Media’s FY2020 earnings at $2.31 EPS.
Outfront Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). The company had revenue of $401.30 million during the quarter, compared to the consensus estimate of $404.74 million. Outfront Media had a net margin of 8.27% and a return on equity of 10.31%.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Wednesday, January 10th. ValuEngine downgraded Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo decreased their target price 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.50.
NYSE OUT traded down $0.74 on Friday, reaching $18.00. The company had a trading volume of 1,709,883 shares, compared to its average volume of 1,279,745. The company has a market capitalization of $2,607.10, a PE ratio of 9.00, a P/E/G ratio of 1.61 and a beta of 1.09. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.75. Outfront Media has a 52 week low of $17.75 and a 52 week high of $26.87.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a $0.36 dividend. The ex-dividend date was Thursday, March 8th. This represents a $1.44 dividend on an annualized basis and a yield of 8.00%. Outfront Media’s payout ratio is 72.00%.
Large investors have recently bought and sold shares of the business. Stifel Financial Corp grew its stake in Outfront Media by 18.6% in the third quarter. Stifel Financial Corp now owns 36,252 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 5,696 shares during the period. Copper Rock Capital Partners LLC boosted its position in shares of Outfront Media by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 998,911 shares of the financial services provider’s stock worth $22,995,000 after buying an additional 34,662 shares during the period. AXA boosted its position in shares of Outfront Media by 6.6% during the third quarter. AXA now owns 248,500 shares of the financial services provider’s stock worth $6,257,000 after buying an additional 15,300 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Outfront Media by 97.2% during the third quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock worth $64,093,000 after buying an additional 1,254,605 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in shares of Outfront Media during the fourth quarter worth about $235,000. 99.44% 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.
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