Brokerages expect Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to post sales of $643.63 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Clear Channel Outdoor Holdings’ earnings. The lowest sales estimate is $640.25 million and the highest is $647.00 million. Clear Channel Outdoor Holdings posted sales of $673.06 million in the same quarter last year, which suggests a negative year over year growth rate of 4.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, November 8th.

On average, analysts expect that Clear Channel Outdoor Holdings will report full year sales of $643.63 million for the current fiscal year, with estimates ranging from $2.58 billion to $2.61 billion. For the next year, analysts anticipate that the company will report sales of $2.66 billion per share, with estimates ranging from $2.62 billion to $2.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Clear Channel Outdoor Holdings.

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

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 target price on the stock in a research report on Friday, July 28th. BidaskClub raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, ValuEngine raised Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $7.81.

Clear Channel Outdoor Holdings (CCO) traded up 0.562% during mid-day trading on Thursday, reaching $4.475. 15,910 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $4.24 and its 200-day moving average price is $4.61. The company has a market capitalization of $1.62 billion, a P/E ratio of 44.750 and a beta of 1.56. Clear Channel Outdoor Holdings has a 52 week low of $3.35 and a 52 week high of $6.35.

The firm also recently declared a dividend, which was paid on Thursday, October 5th. Stockholders of record on Monday, October 2nd were paid a $0.0687 dividend. The ex-dividend date of this dividend was Friday, October 6th.

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Several large investors have recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of Clear Channel Outdoor Holdings by 0.3% in the second quarter. Citigroup Inc. now owns 72,458 shares of the business services provider’s stock worth $351,000 after purchasing an additional 236 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Clear Channel Outdoor Holdings by 1.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,065 shares of the business services provider’s stock worth $102,000 after purchasing an additional 300 shares in the last quarter. Federated Investors Inc. PA grew its stake in shares of Clear Channel Outdoor Holdings by 0.4% in the second quarter. Federated Investors Inc. PA now owns 77,518 shares of the business services provider’s stock worth $376,000 after purchasing an additional 327 shares in the last quarter. Alliancebernstein L.P. grew its stake 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 purchasing an additional 2,800 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Clear Channel Outdoor Holdings by 0.4% in the second quarter. State Street Corp now owns 685,944 shares of the business services provider’s stock worth $3,326,000 after purchasing an additional 3,004 shares in the last quarter. 9.64% of the stock is 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).

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

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