OUTFRONT Media Inc. (OUT) Expected to Earn Q3 2017 Earnings of $0.58 Per Share
OUTFRONT Media Inc. (NYSE:OUT) – Equities researchers at Barrington Research cut their Q3 2017 earnings estimates for OUTFRONT Media in a report released on Monday. Barrington Research analyst J. Goss now expects that the financial services provider will post earnings per share of $0.58 for the quarter, down from their previous forecast of $0.60. Barrington Research has a “Outperform” rating and a $26.00 price objective on the stock. Barrington Research also issued estimates for OUTFRONT Media’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.05 EPS, FY2018 earnings at $2.15 EPS and FY2019 earnings at $2.27 EPS.
Several other equities analysts also recently issued reports on the stock. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Loop Capital raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, June 5th. Finally, TheStreet downgraded shares of OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. OUTFRONT Media currently has a consensus rating of “Hold” and a consensus price target of $29.71.
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Shares of OUTFRONT Media (NYSE:OUT) opened at 22.05 on Wednesday. The stock has a 50 day moving average of $22.74 and a 200 day moving average of $24.59. The firm has a market cap of $3.06 billion, a PE ratio of 29.44 and a beta of 1.13. OUTFRONT Media has a 1-year low of $20.72 and a 1-year high of $27.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.53%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s payout ratio is currently 189.48%.
Large investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in OUTFRONT Media by 16.5% in the fourth quarter. Guggenheim Capital LLC now owns 17,244 shares of the financial services provider’s stock valued at $429,000 after buying an additional 2,436 shares during the last quarter. Teachers Advisors LLC increased its stake in OUTFRONT Media by 21.9% in the fourth quarter. Teachers Advisors LLC now owns 387,653 shares of the financial services provider’s stock valued at $9,641,000 after buying an additional 69,684 shares during the last quarter. Bank of Montreal Can increased its stake in OUTFRONT Media by 4,678.2% in the first quarter. Bank of Montreal Can now owns 46,110 shares of the financial services provider’s stock valued at $1,225,000 after buying an additional 45,145 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in OUTFRONT Media during the first quarter valued at $536,000. Finally, State of Alaska Department of Revenue increased its stake in OUTFRONT Media by 29.3% in the first quarter. State of Alaska Department of Revenue now owns 69,340 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 15,720 shares during the last quarter.
About OUTFRONT Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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