Outfront Media (NYSE:OUT – Get 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%.
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.
- Get a free copy of the StockNews.com research report on Outfront Media (OUT)
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