Clear Channel Outdoor (CCO) to Release Quarterly Earnings on Thursday

Clear Channel Outdoor (NYSE:CCO) is set to announce its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Clear Channel Outdoor (NYSE:CCO) last announced its earnings results on Monday, February 26th. The business services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $632.11 million for the quarter, compared to the consensus estimate of $611.62 million. During the same period in the previous year, the firm earned $0.24 EPS. On average, analysts expect Clear Channel Outdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clear Channel Outdoor Price Performance

Shares of NYSE:CCO opened at $1.53 on Tuesday. Clear Channel Outdoor has a 12 month low of $0.99 and a 12 month high of $2.06. The stock has a market cap of $737.67 million, a price-to-earnings ratio of -2.35 and a beta of 2.91. The stock’s 50 day moving average price is $1.59 and its 200 day moving average price is $1.58.

Analysts Set New Price Targets

Several brokerages recently commented on CCO. StockNews.com raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Morgan Stanley upped their price target on Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $2.50 price target on shares of Clear Channel Outdoor in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.16.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.