Zacks Research Lifts Earnings Estimates for OUTFRONT Media

OUTFRONT Media Inc. (NYSE:OUT) – Research analysts at Zacks Research raised their Q4 2027 EPS estimates for OUTFRONT Media in a report issued on Tuesday, January 20th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $0.70 per share for the quarter, up from their previous estimate of $0.69. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.59 per share.

A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $27.00 price target (up from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. JPMorgan Chase & Co. upgraded OUTFRONT Media from a “neutral” rating to an “overweight” rating and raised their target price for the company from $19.00 to $25.00 in a research note on Wednesday, November 12th. New Street Research set a $24.00 price target on OUTFRONT Media in a research note on Tuesday, November 11th. Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Barrington Research restated an “outperform” rating and set a $21.00 target price on shares of OUTFRONT Media in a report on Friday, November 7th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $24.57.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $25.34 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 4.75. The firm has a market cap of $4.24 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.24 and a beta of 1.57. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $25.48. The firm has a 50-day moving average of $23.66 and a 200-day moving average of $20.11.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.21). The firm had revenue of $467.50 million for the quarter, compared to the consensus estimate of $458.32 million. OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS.

Institutional Trading of OUTFRONT Media

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new position in OUTFRONT Media in the 2nd quarter valued at about $5,414,000. Russell Investments Group Ltd. increased its holdings in shares of OUTFRONT Media by 26.3% in the second quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider’s stock valued at $9,553,000 after buying an additional 121,987 shares in the last quarter. Pacific Heights Asset Management LLC boosted its position in shares of OUTFRONT Media by 40.0% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock valued at $12,824,000 after purchasing an additional 200,000 shares during the period. Advisors Capital Management LLC lifted its stake in OUTFRONT Media by 36.0% during the second quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock valued at $30,702,000 after buying an additional 497,781 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in OUTFRONT Media by 44.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 192,695 shares of the financial services provider’s stock worth $3,145,000 after purchasing an additional 59,275 shares during the period.

Insider Buying and Selling

In other OUTFRONT Media news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the transaction, the director owned 47,515 shares of the company’s stock, valued at approximately $1,163,642.35. The trade was a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

OUTFRONT Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 4.7%. OUTFRONT Media’s dividend payout ratio is 176.47%.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.