Brokers Set Expectations for OUTFRONT Media Inc.’s Q3 2024 Earnings (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT) – Equities research analysts at Barrington Research lifted their Q3 2024 earnings per share estimates for shares of OUTFRONT Media in a report issued on Tuesday, May 7th. Barrington Research analyst J. Goss now forecasts that the financial services provider will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.40. Barrington Research currently has a “Outperform” rating and a $17.00 price target on the stock. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.54 per share. Barrington Research also issued estimates for OUTFRONT Media’s FY2024 earnings at $1.55 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS and Q4 2025 earnings at $0.58 EPS.

Several other research firms have also recently commented on OUT. TheStreet raised shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.75.

OUTFRONT Media Stock Performance

Shares of OUT opened at $15.18 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of -5.70, a PEG ratio of 0.98 and a beta of 1.87. OUTFRONT Media has a twelve month low of $8.18 and a twelve month high of $17.02. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.67 and a current ratio of 0.58. The firm’s 50 day moving average price is $15.79 and its two-hundred day moving average price is $13.88.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.91%. OUTFRONT Media’s dividend payout ratio is -45.11%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OUT. Schnieders Capital Management LLC lifted its stake in shares of OUTFRONT Media by 5.3% during the 1st quarter. Schnieders Capital Management LLC now owns 16,000 shares of the financial services provider’s stock worth $269,000 after buying an additional 800 shares during the last quarter. Allworth Financial LP increased its stake in shares of OUTFRONT Media by 52.7% during the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 874 shares during the period. Gabelli Funds LLC boosted its stake in OUTFRONT Media by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 88,500 shares of the financial services provider’s stock valued at $1,235,000 after purchasing an additional 1,000 shares during the period. Fifth Third Bancorp increased its position in OUTFRONT Media by 55.7% during the 3rd quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,547 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of OUTFRONT Media by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 126,815 shares of the financial services provider’s stock worth $2,129,000 after buying an additional 1,712 shares in the last quarter.

About OUTFRONT Media

OUTFRONT 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 will fundamentally change the ways advertisers engage audiences on-the-go.