Equities research analysts predict that Outfront Media Inc (NYSE:OUT) will announce $0.56 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Outfront Media’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.56. Outfront Media reported earnings per share of $0.19 during the same quarter last year, which indicates a positive year over year growth rate of 194.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Outfront Media will report full-year earnings of $1.98 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.05. For the next financial year, analysts forecast that the business will post earnings of $2.25 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Outfront Media.

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

A number of research firms recently weighed in on OUT. ValuEngine upgraded Outfront Media from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Loop Capital restated a “buy” rating and issued a $28.00 price objective (up from $27.00) on shares of Outfront Media in a report on Thursday, September 28th. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $30.00 price objective on shares of Outfront Media in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.57.

Outfront Media (NYSE:OUT) traded down $0.21 during midday trading on Wednesday, reaching $22.95. The company had a trading volume of 448,201 shares, compared to its average volume of 422,550. The firm has a market capitalization of $3,216.36, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. Outfront Media has a 1-year low of $20.82 and a 1-year high of $27.89. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.73.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.44 dividend on an annualized basis and a yield of 6.27%. Outfront Media’s dividend payout ratio (DPR) is currently 171.43%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Piermont Capital Management Inc. boosted its position in Outfront Media by 0.3% during the second quarter. Piermont Capital Management Inc. now owns 99,810 shares of the financial services provider’s stock valued at $2,308,000 after acquiring an additional 310 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Outfront Media by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 478 shares during the last quarter. M&T Bank Corp boosted its position in Outfront Media by 7.6% during the second quarter. M&T Bank Corp now owns 10,597 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 748 shares during the last quarter. OxFORD Asset Management LLP boosted its position in Outfront Media by 3.2% during the second quarter. OxFORD Asset Management LLP now owns 34,268 shares of the financial services provider’s stock valued at $792,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Outfront Media by 2.8% during the second quarter. Royal Bank of Canada now owns 44,194 shares of the financial services provider’s stock valued at $1,022,000 after acquiring an additional 1,203 shares during the last quarter.

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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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