Outfront Media (NYSE:OUT) Issues Earnings Results

Outfront Media (NYSE:OUTGet Rating) announced its earnings results on Monday. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.17), MarketWatch Earnings reports. Outfront Media had a return on equity of 3.75% and a net margin of 2.43%. During the same period in the prior year, the firm posted ($0.17) EPS.

OUT opened at $25.52 on Tuesday. Outfront Media has a 1-year low of $20.76 and a 1-year high of $29.36. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 1,276.00 and a beta of 1.68. The business has a 50 day moving average of $27.27 and a 200-day moving average of $26.29.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 4th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.70%. This is a boost from Outfront Media’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, March 3rd. Outfront Media’s dividend payout ratio is currently 6,000.00%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC bought a new stake in shares of Outfront Media in the fourth quarter valued at approximately $203,000. LPL Financial LLC bought a new stake in shares of Outfront Media in the third quarter valued at approximately $207,000. Squarepoint Ops LLC bought a new stake in shares of Outfront Media in the fourth quarter valued at approximately $445,000. Cubist Systematic Strategies LLC boosted its position in shares of Outfront Media by 2.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 73,632 shares of the financial services provider’s stock valued at $1,975,000 after acquiring an additional 1,474 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Outfront Media by 1.2% in the fourth quarter. Legal & General Group Plc now owns 133,791 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 1,565 shares in the last quarter.

OUT has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Outfront Media from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 31st. Zacks Investment Research cut Outfront Media from a “strong-buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Tuesday, January 4th. Wolfe Research initiated coverage on Outfront Media in a research report on Tuesday, March 29th. They set an “outperform” rating and a $34.00 target price for the company. Finally, StockNews.com initiated coverage on Outfront Media in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $30.33.

Outfront Media Company Profile (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.

See Also

Earnings History for Outfront Media (NYSE:OUT)

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