OUTFRONT Media (NYSE:OUT) Announces Quarterly Earnings Results, Misses Expectations By $0.20 EPS

OUTFRONT Media (NYSE:OUT) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.20), Briefing.com reports. The business had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS.

OUTFRONT Media Stock Performance

OUT stock traded up $0.49 during midday trading on Wednesday, reaching $18.82. 102,347 shares of the company’s stock traded hands, compared to its average volume of 1,753,115. OUTFRONT Media has a 52-week low of $11.59 and a 52-week high of $19.33. The stock has a market cap of $3.12 billion, a P/E ratio of 13.74, a PEG ratio of 1.18 and a beta of 1.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. The stock’s 50-day moving average is $18.01 and its 200 day moving average is $16.08.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wolfe Research cut shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Barrington Research lifted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. StockNews.com cut shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. TD Cowen started coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price for the company. Finally, Wells Fargo & Company started coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.50.

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.