Equities research analysts forecast that OUTFRONT Media Inc. (NYSE:OUT) will post sales of $404.74 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for OUTFRONT Media’s earnings. The highest sales estimate is $406.30 million and the lowest is $403.18 million. OUTFRONT Media reported sales of $397.40 million in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The business is expected to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that OUTFRONT Media will report full-year sales of $404.74 million for the current financial year, with estimates ranging from $1.52 billion to $1.53 billion. For the next financial year, analysts anticipate that the business will post sales of $1.57 billion per share, with estimates ranging from $1.55 billion to $1.58 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for OUTFRONT Media.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.20). The business had revenue of $392.40 million for the quarter, compared to the consensus estimate of $391.18 million. OUTFRONT Media had a net margin of 7.71% and a return on equity of 9.57%. OUTFRONT Media’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS.

A number of research firms have recently commented on OUT. Barrington Research reissued an “outperform” rating and issued a $26.00 price target (down previously from $29.00) on shares of OUTFRONT Media in a research report on Monday, August 14th. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital reissued a “buy” rating and issued a $28.00 price target (up previously from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $30.00 price target on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.17.

OUTFRONT Media (NYSE OUT) traded up $0.03 during trading hours on Friday, hitting $23.49. 982,050 shares of the stock were exchanged, compared to its average volume of 758,157. OUTFRONT Media has a 12 month low of $20.82 and a 12 month high of $27.89. The company has a market capitalization of $3,252.41, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 7th. This represents a $1.44 annualized dividend and a dividend yield of 6.13%. OUTFRONT Media’s payout ratio is 171.43%.

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of OUTFRONT Media by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock worth $385,664,000 after acquiring an additional 1,460,082 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OUTFRONT Media by 4.8% in the second quarter. Vanguard Group Inc. now owns 11,686,258 shares of the financial services provider’s stock worth $270,185,000 after acquiring an additional 535,730 shares during the last quarter. BlackRock Inc. grew its stake in shares of OUTFRONT Media by 7.6% in the second quarter. BlackRock Inc. now owns 7,891,111 shares of the financial services provider’s stock worth $182,443,000 after acquiring an additional 555,673 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of OUTFRONT Media in the second quarter worth $100,424,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of OUTFRONT Media by 69.8% in the second quarter. Daiwa Securities Group Inc. now owns 3,864,333 shares of the financial services provider’s stock worth $89,343,000 after acquiring an additional 1,589,096 shares during the last quarter.

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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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Earnings History and Estimates for OUTFRONT Media (NYSE:OUT)

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