Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) – Stock analysts at Barrington Research upped their Q4 2017 earnings per share estimates for Clear Channel Outdoor Holdings in a report issued on Tuesday. Barrington Research analyst J. Goss now expects that the business services provider will earn $0.06 per share for the quarter, up from their previous estimate of $0.05. Barrington Research also issued estimates for Clear Channel Outdoor Holdings’ Q2 2018 earnings at $0.00 EPS.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $672.32 million for the quarter, compared to analysts’ expectations of $672.22 million. Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%.

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Several other research firms also recently weighed in on CCO. ValuEngine raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a research note on Friday, July 28th. BidaskClub raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, TheStreet downgraded shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a research note on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.81.

Shares of Clear Channel Outdoor Holdings (NYSE:CCO) traded up 2.56% during mid-day trading on Wednesday, reaching $4.00. 60,894 shares of the company’s stock traded hands. The company’s 50 day moving average is $4.69 and its 200 day moving average is $4.93. The company has a market cap of $1.44 billion, a P/E ratio of 40.00 and a beta of 1.51. Clear Channel Outdoor Holdings has a 12-month low of $3.35 and a 12-month high of $7.31.

A number of institutional investors have recently modified their holdings of CCO. Laurion Capital Management LP purchased a new position in shares of Clear Channel Outdoor Holdings during the first quarter worth approximately $215,000. Mariner Investment Group LLC increased its position in shares of Clear Channel Outdoor Holdings by 42.1% in the first quarter. Mariner Investment Group LLC now owns 250,630 shares of the business services provider’s stock worth $1,516,000 after buying an additional 74,300 shares during the period. Gallagher Fiduciary Advisors LLC increased its position in shares of Clear Channel Outdoor Holdings by 18.5% in the first quarter. Gallagher Fiduciary Advisors LLC now owns 564,193 shares of the business services provider’s stock worth $3,413,000 after buying an additional 88,000 shares during the period. Alliancebernstein L.P. increased its position in shares of Clear Channel Outdoor Holdings by 2.3% in the first quarter. Alliancebernstein L.P. now owns 122,601 shares of the business services provider’s stock worth $742,000 after buying an additional 2,800 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Clear Channel Outdoor Holdings by 16.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,765 shares of the business services provider’s stock worth $126,000 after buying an additional 3,000 shares during the period. 9.18% of the stock is currently owned by institutional investors.

Clear Channel Outdoor Holdings Company Profile

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

Earnings History and Estimates for Clear Channel Outdoor Holdings (NYSE:CCO)

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