Q3 2022 Earnings Forecast for Outfront Media Inc. Issued By Barrington Research (NYSE:OUT)

Outfront Media Inc. (NYSE:OUTGet Rating) – Equities research analysts at Barrington Research cut their Q3 2022 earnings per share (EPS) estimates for Outfront Media in a report released on Wednesday, July 20th. Barrington Research analyst J. Goss now forecasts that the financial services provider will earn $0.48 per share for the quarter, down from their prior forecast of $0.51. The consensus estimate for Outfront Media’s current full-year earnings is $1.83 per share.

Outfront Media (NYSE:OUTGet Rating) last released its earnings results on Monday, May 2nd. The financial services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted ($0.17) earnings per share.

A number of other research analysts have also recently commented on the company. StockNews.com initiated coverage on Outfront Media in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Morgan Stanley reduced their price objective on Outfront Media from $33.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 10th. Wolfe Research initiated coverage on Outfront Media in a research note on Tuesday, March 29th. They set an “outperform” rating and a $34.00 price objective on the stock. Finally, Citigroup reduced their price objective on Outfront Media from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th.

Outfront Media Stock Down 2.4 %

OUT opened at $17.50 on Monday. The stock has a market cap of $2.87 billion, a PE ratio of 35.00, a P/E/G ratio of 0.95 and a beta of 1.71. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.15. Outfront Media has a 52 week low of $16.07 and a 52 week high of $29.36. The business’s fifty day simple moving average is $18.28 and its 200 day simple moving average is $23.24.

Institutional Trading of Outfront Media

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new stake in shares of Outfront Media in the first quarter worth about $28,000. Quantbot Technologies LP bought a new stake in shares of Outfront Media in the first quarter worth about $41,000. Exane Derivatives lifted its holdings in Outfront Media by 12,443.5% in the second quarter. Exane Derivatives now owns 7,777 shares of the financial services provider’s stock worth $132,000 after buying an additional 7,715 shares during the period. SG Americas Securities LLC purchased a new stake in Outfront Media in the first quarter worth about $136,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Outfront Media during the first quarter valued at approximately $206,000.

Outfront Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, June 2nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. Outfront Media’s dividend payout ratio (DPR) is currently 240.00%.

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.

See Also

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

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