Outfront Media (OUT) Set to Announce Earnings on Wednesday

Outfront Media (NYSE:OUT – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Outfront Media to post earnings of $0.45 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Outfront Media (NYSE:OUT – Get Rating) last announced its quarterly earnings results on Monday, May 2nd. The financial services provider reported ($0.04) earnings per share (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 last year, the company earned ($0.17) earnings per share. On average, analysts expect Outfront Media to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Outfront Media Trading Up 2.0 %

Shares of NYSE:OUT opened at $18.46 on Monday. Outfront Media has a 12-month low of $16.07 and a 12-month high of $29.36. The company has a market capitalization of $3.03 billion, a PE ratio of 36.92, a PEG ratio of 0.97 and a beta of 1.71. The business has a 50 day moving average of $17.99 and a two-hundred day moving average of $22.95. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.15.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OUT shares. Morgan Stanley decreased their price target on Outfront Media from $33.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 10th. Citigroup reduced their target price on Outfront Media from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, July 7th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Outfront Media in the 1st quarter valued at $28,000. Quantbot Technologies LP purchased a new stake in Outfront Media in the 1st quarter valued at $41,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Outfront Media in the 1st quarter valued at $206,000. Mackenzie Financial Corp grew its holdings in Outfront Media by 11.9% in the 1st quarter. Mackenzie Financial Corp now owns 9,120 shares of the financial services provider’s stock valued at $259,000 after buying an additional 970 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in Outfront Media in the 1st quarter valued at $340,000.

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.