OUTFRONT Media Inc. to Post Q1 2018 Earnings of $0.33 Per Share, Barrington Research Forecasts (OUT)
OUTFRONT Media Inc. (NYSE:OUT) – Stock analysts at Barrington Research issued their Q1 2018 earnings per share (EPS) estimates for OUTFRONT Media in a note issued to investors on Monday. Barrington Research analyst J. Goss forecasts that the financial services provider will post earnings of $0.33 per share for the quarter. Barrington Research has a “Outperform” rating and a $26.00 price target on the stock. Barrington Research also issued estimates for OUTFRONT Media’s Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.59 EPS and Q4 2018 earnings at $0.64 EPS.
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Several other analysts have also issued reports on the company. Zacks Investment Research lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Loop Capital raised 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. TheStreet lowered OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. ValuEngine lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $29.71.
OUTFRONT Media (NYSE OUT) traded up 0.5237% on Thursday, hitting $22.2861. The stock had a trading volume of 115,055 shares. OUTFRONT Media has a 52 week low of $20.72 and a 52 week high of $27.89. The firm has a 50-day moving average of $22.71 and a 200 day moving average of $24.58. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 29.7545 and a beta of 1.13.
Several institutional investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its position 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 worth $429,000 after buying an additional 2,436 shares during the period. Teachers Advisors LLC raised its position 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 worth $9,641,000 after buying an additional 69,684 shares during the period. Bank of Montreal Can raised its position 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 worth $1,225,000 after buying an additional 45,145 shares during the period. Fox Run Management L.L.C. acquired a new position in OUTFRONT Media during the first quarter worth $536,000. Finally, State of Alaska Department of Revenue raised its position 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 worth $1,840,000 after buying an additional 15,720 shares during the period.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio (DPR) is 189.48%.
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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