Outfront Media Inc (NYSE:OUT) has earned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $27.23.
A number of equities research analysts have recently weighed in on the stock. Barrington Research reiterated a “buy” rating and issued a $29.00 price target on shares of Outfront Media in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 price target for the company. in a research report on Wednesday. ValuEngine downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Finally, Imperial Capital lifted their price target on shares of Outfront Media from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ARP Americas LP raised its position in shares of Outfront Media by 248.2% in the second quarter. ARP Americas LP now owns 39,423 shares of the financial services provider’s stock valued at $1,017,000 after buying an additional 28,100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Outfront Media by 210.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 247,666 shares of the financial services provider’s stock valued at $6,387,000 after purchasing an additional 167,890 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its position in Outfront Media by 0.7% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 104,275 shares of the financial services provider’s stock valued at $2,897,000 after purchasing an additional 700 shares in the last quarter. M&T Bank Corp acquired a new position in Outfront Media during the second quarter valued at approximately $319,000. Finally, Benjamin Edwards Inc. raised its position in Outfront Media by 13.0% during the third quarter. Benjamin Edwards Inc. now owns 19,866 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 2,290 shares in the last quarter. Institutional investors own 93.67% of the company’s stock.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.35). The company had revenue of $462.50 million for the quarter, compared to analyst estimates of $461.97 million. Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Equities research analysts expect that Outfront Media will post 2.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.79%. Outfront Media’s payout ratio is 66.98%.
Outfront Media Company Profile
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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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