Wall Street analysts predict that Outfront Media Inc (NYSE:OUT) will post earnings per share of $0.19 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Outfront Media’s earnings, with estimates ranging from $0.11 to $0.29. Outfront Media reported earnings of $0.64 per share in the same quarter last year, which would suggest a negative year over year growth rate of 70.3%. The company is expected to report its next quarterly earnings report on Monday, November 2nd.
According to Zacks, analysts expect that Outfront Media will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.61 to $1.18. For the next fiscal year, analysts expect that the firm will post earnings of $1.76 per share, with EPS estimates ranging from $1.59 to $1.97. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Outfront Media.
Outfront Media (NYSE:OUT) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.23). Outfront Media had a return on equity of 2.96% and a net margin of 2.03%.
OUT has been the topic of several research analyst reports. ValuEngine cut Outfront Media from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Barrington Research reiterated a “buy” rating and set a $17.00 price objective on shares of Outfront Media in a research report on Friday, August 14th. Morgan Stanley boosted their price objective on Outfront Media from $13.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Monday, June 22nd. Finally, Citigroup upped their target price on Outfront Media from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.29.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in OUT. Marshall Wace North America L.P. purchased a new position in shares of Outfront Media during the 1st quarter worth $44,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Outfront Media by 8.4% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 18,141 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 1,410 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Outfront Media by 10.0% during the 1st quarter. Victory Capital Management Inc. now owns 60,479 shares of the financial services provider’s stock worth $815,000 after purchasing an additional 5,490 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Outfront Media by 50.6% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 347,426 shares of the financial services provider’s stock worth $4,683,000 after purchasing an additional 116,655 shares during the period. Finally, Aperio Group LLC grew its holdings in shares of Outfront Media by 91.9% during the 1st quarter. Aperio Group LLC now owns 47,650 shares of the financial services provider’s stock worth $642,000 after purchasing an additional 22,818 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
OUT stock opened at $16.15 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.88. Outfront Media has a 12-month low of $7.07 and a 12-month high of $31.20. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.23 and a beta of 1.51. The business’s 50-day moving average is $15.56 and its 200 day moving average is $15.77.
About Outfront Media
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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