Brokers Set Expectations for Outfront Media Inc.’s Q2 2022 Earnings (NYSE:OUT)

Outfront Media Inc. (NYSE:OUTGet Rating) – Research analysts at Barrington Research raised their Q2 2022 earnings per share (EPS) estimates for Outfront Media in a research report issued on Monday, May 9th. Barrington Research analyst J. Goss now anticipates that the financial services provider will earn $0.46 per share for the quarter, up from their prior forecast of $0.41. Barrington Research also issued estimates for Outfront Media’s Q4 2022 earnings at $0.65 EPS, FY2022 earnings at $1.83 EPS, Q1 2023 earnings at $0.32 EPS, Q2 2023 earnings at $0.55 EPS, Q3 2023 earnings at $0.56 EPS, Q4 2023 earnings at $0.67 EPS and FY2023 earnings at $2.10 EPS.

Other equities analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of Outfront Media in a report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley increased their price objective on shares of Outfront Media from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, March 31st. Finally, Wolfe Research began coverage on shares of Outfront Media in a report on Tuesday, March 29th. They set an “outperform” rating and a $34.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $30.80.

OUT opened at $20.48 on Thursday. The company has a quick ratio of 1.53, a current ratio of 1.42 and a debt-to-equity ratio of 2.15. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 40.96 and a beta of 1.68. Outfront Media has a 52-week low of $20.18 and a 52-week high of $29.36. The firm’s fifty day simple moving average is $26.71 and its two-hundred day simple moving average is $26.11.

Outfront Media (NYSE:OUTGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.17). Outfront Media had a net margin of 6.54% and a return on equity of 10.09%. During the same quarter in the previous year, the company earned ($0.17) EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 5.86%. The ex-dividend date of this dividend is Thursday, June 2nd. Outfront Media’s dividend payout ratio is currently 240.00%.

Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in Outfront Media during the first quarter worth about $44,000. Eagle Bay Advisors LLC increased its position in Outfront Media by 78.9% during the third quarter. Eagle Bay Advisors LLC now owns 3,400 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Outfront Media during the first quarter worth about $136,000. Guggenheim Capital LLC acquired a new stake in Outfront Media during the fourth quarter worth about $203,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in Outfront Media during the third quarter worth about $205,000.

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.

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Earnings History and Estimates for Outfront Media (NYSE:OUT)

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