Analysts Anticipate Outfront Media Inc. (NYSE:OUT) to Post $0.18 EPS

Equities research analysts expect Outfront Media Inc. (NYSE:OUT – Get Rating) to announce $0.18 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Outfront Media’s earnings. Outfront Media posted earnings of ($0.17) per share in the same quarter last year, which would suggest a positive year over year growth rate of 205.9%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Outfront Media will report full-year earnings of $1.90 per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of $2.39 per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Outfront Media.

Outfront Media (NYSE:OUT – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.09). Outfront Media had a net margin of 2.43% and a return on equity of 3.75%. The business had revenue of $464.40 million during the quarter, compared to analyst estimates of $444.70 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s revenue was up 38.3% on a year-over-year basis.

A number of research analysts have commented on the company. Morgan Stanley upped their price target on Outfront Media from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 31st. Wolfe Research assumed coverage on Outfront Media in a research note on Tuesday, March 29th. They set an “outperform” rating and a $34.00 price target on the stock. Zacks Investment Research cut Outfront Media from a “strong-buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a research note on Tuesday, January 4th. Finally, StockNews.com assumed coverage on Outfront Media in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Outfront Media currently has an average rating of “Buy” and an average target price of $30.33.

NYSE:OUT traded down $0.05 during trading hours on Friday, reaching $27.18. 876,111 shares of the stock were exchanged, compared to its average volume of 1,130,642. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 2.60. The business has a 50-day moving average of $26.96 and a two-hundred day moving average of $26.25. Outfront Media has a twelve month low of $20.76 and a twelve month high of $29.36. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 1,359.00 and a beta of 1.73.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 4th were paid a $0.30 dividend. This is a boost from Outfront Media’s previous quarterly dividend of $0.10. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Thursday, March 3rd. Outfront Media’s dividend payout ratio (DPR) is presently 6,000.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in OUT. Royal Bank of Canada increased its holdings in Outfront Media by 220.2% in the third quarter. Royal Bank of Canada now owns 77,397 shares of the financial services provider’s stock valued at $1,950,000 after buying an additional 53,225 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in Outfront Media by 13.2% in the third quarter. UBS Asset Management Americas Inc. now owns 213,737 shares of the financial services provider’s stock valued at $5,386,000 after buying an additional 24,928 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in Outfront Media by 78.9% in the third quarter. Eagle Bay Advisors LLC now owns 3,400 shares of the financial services provider’s stock valued at $86,000 after buying an additional 1,500 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Outfront Media in the third quarter valued at $234,000. Finally, AlphaCrest Capital Management LLC purchased a new position in Outfront Media in the third quarter valued at $205,000. Institutional investors and hedge funds own 97.88% of the company’s stock.

About Outfront Media (Get Rating)

Outfront Media Inc 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 Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.

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