Outfront Media Inc (NYSE:OUT) – Research analysts at Imperial Capital reduced their FY2019 earnings per share estimates for Outfront Media in a report issued on Tuesday, November 5th, Zacks Investment Research reports. Imperial Capital analyst D. Miller now expects that the financial services provider will earn $2.23 per share for the year, down from their prior forecast of $2.24. Imperial Capital has a “Outperform” rating and a $32.00 price target on the stock. Imperial Capital also issued estimates for Outfront Media’s Q4 2019 earnings at $0.69 EPS.
Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.35). Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The business had revenue of $462.50 million for the quarter, compared to the consensus estimate of $461.97 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis.
A number of other equities analysts have also recently commented on the company. ValuEngine cut Outfront Media from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Barrington Research restated a “buy” rating and set a $29.00 price objective on shares of Outfront Media in a report on Monday, November 11th. Finally, Zacks Investment Research cut Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 price objective for the company. in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.23.
Outfront Media stock traded up $0.05 during midday trading on Friday, reaching $24.85. 398,625 shares of the company’s stock were exchanged, compared to its average volume of 872,451. Outfront Media has a 52 week low of $16.81 and a 52 week high of $28.42. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.35 and a beta of 1.06. The stock’s 50-day simple moving average is $26.44 and its 200 day simple moving average is $26.43.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th 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 5.79%. The ex-dividend date is Thursday, December 5th. Outfront Media’s dividend payout ratio is presently 66.98%.
Large investors have recently modified their holdings of the company. ARP Americas LP boosted its holdings in shares of Outfront Media by 248.2% during the second quarter. ARP Americas LP now owns 39,423 shares of the financial services provider’s stock worth $1,017,000 after acquiring an additional 28,100 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Outfront Media by 210.5% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 247,666 shares of the financial services provider’s stock valued at $6,387,000 after buying an additional 167,890 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Outfront Media by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 104,275 shares of the financial services provider’s stock valued at $2,897,000 after buying an additional 700 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Outfront Media in the second quarter valued at approximately $319,000. Finally, Benjamin Edwards Inc. raised its position in shares of Outfront Media by 13.0% in the third quarter. Benjamin Edwards Inc. now owns 19,866 shares of the financial services provider’s stock valued at $552,000 after buying an additional 2,290 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.
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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