$0.57 EPS Expected for OUTFRONT Media Inc. (OUT) This Quarter
Equities analysts forecast that OUTFRONT Media Inc. (NYSE:OUT) will report earnings per share of $0.57 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for OUTFRONT Media’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.55. OUTFRONT Media reported earnings per share of $0.28 during the same quarter last year, which would suggest a positive year over year growth rate of 103.6%. The company is expected to issue its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that OUTFRONT Media will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.05. For the next year, analysts expect that the firm will report earnings of $2.20 per share, with EPS estimates ranging from $2.15 to $2.24. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow OUTFRONT Media.
OUT has been the topic of several research analyst reports. Wells Fargo & Company reiterated an “outperform” rating and issued a $30.00 price target on shares of OUTFRONT Media in a research note on Tuesday. Barrington Research restated an “outperform” rating and set a $26.00 price objective (down previously from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. BidaskClub lowered OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Loop Capital raised OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, June 5th. Finally, ValuEngine raised OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.14.
Hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. grew its stake in shares of OUTFRONT Media by 20.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 128,394 shares of the financial services provider’s stock worth $3,409,000 after buying an additional 22,103 shares in the last quarter. Karp Capital Management Corp bought a new stake in shares of OUTFRONT Media in the 1st quarter worth about $454,000. Parametric Portfolio Associates LLC increased its holdings in shares of OUTFRONT Media by 2.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 291,368 shares of the financial services provider’s stock worth $7,736,000 after buying an additional 6,600 shares during the last quarter. Oxford Asset Management bought a new stake in shares of OUTFRONT Media in the 1st quarter worth about $882,000. Finally, Pacer Advisors Inc. raised its position in shares of OUTFRONT Media by 14.6% during the 1st quarter. Pacer Advisors Inc. now owns 12,588 shares of the financial services provider’s stock valued at $334,000 after buying an additional 1,605 shares in the last quarter.
OUTFRONT Media (NYSE:OUT) traded up 0.58% during mid-day trading on Tuesday, reaching $24.37. The company had a trading volume of 939,009 shares. OUTFRONT Media has a 1-year low of $20.82 and a 1-year high of $27.89. The firm has a 50-day moving average of $22.22 and a 200 day moving average of $23.49. The company has a market capitalization of $3.38 billion, a PE ratio of 32.54 and a beta of 1.19.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Thursday, September 7th. OUTFRONT Media’s payout ratio is 189.48%.
OUTFRONT Media Company Profile
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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