Zacks Research Forecasts Reduced Earnings for OUTFRONT Media

OUTFRONT Media Inc. (NYSE:OUT) – Zacks Research reduced their FY2024 earnings per share estimates for OUTFRONT Media in a note issued to investors on Monday, January 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.56 for the year, down from their prior estimate of $1.60. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for OUTFRONT Media’s Q4 2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $1.71 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.46 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $1.85 EPS.

Other equities analysts have also recently issued research reports about the stock. Barrington Research restated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Morgan Stanley upped their price target on OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.48.

OUTFRONT Media Stock Up 0.6 %

Shares of NYSE OUT opened at $18.86 on Thursday. The firm’s fifty day moving average is $18.77 and its 200 day moving average is $17.88. OUTFRONT Media has a 52 week low of $12.27 and a 52 week high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.08 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million for the quarter, compared to the consensus estimate of $456.38 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. OUTFRONT Media’s revenue was down .6% compared to the same quarter last year.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV grew its position in shares of OUTFRONT Media by 47.9% in the 4th quarter. KBC Group NV now owns 6,198 shares of the financial services provider’s stock worth $110,000 after buying an additional 2,006 shares during the period. Fifth Third Bancorp grew its holdings in OUTFRONT Media by 56.4% in the fourth quarter. Fifth Third Bancorp now owns 11,608 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 4,186 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of OUTFRONT Media by 2.1% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,477,499 shares of the financial services provider’s stock valued at $26,211,000 after purchasing an additional 31,079 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of OUTFRONT Media by 82.2% during the fourth quarter. Diversify Advisory Services LLC now owns 28,190 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 12,718 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its position in shares of OUTFRONT Media by 4.0% in the 4th quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 698 shares in the last quarter.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were given a dividend of $0.7688 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media’s dividend payout ratio is presently 87.68%.

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.