Analysts Expect Outfront Media Inc (OUT) Will Announce Quarterly Sales of $404.74 Million

Analysts forecast that Outfront Media Inc (NYSE:OUT) will post $404.74 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Outfront Media’s earnings. The lowest sales estimate is $403.18 million and the highest is $406.30 million. Outfront Media reported sales of $397.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

On average, 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 fiscal year, analysts forecast that the company 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 sell-side research analysts that cover Outfront Media.

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

Several equities analysts have recently issued reports on OUT shares. Wells Fargo & Co reissued an “outperform” rating and set a $30.00 price target on shares of Outfront Media in a report on Tuesday, October 3rd. ValuEngine downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, January 2nd. Finally, Loop Capital reissued a “buy” rating and set a $28.00 price target (up previously from $27.00) on shares of Outfront Media in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Outfront Media has an average rating of “Hold” and an average target price of $29.83.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Outfront Media by 57.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,200 shares during the period. Cadence Capital Management LLC bought a new stake in shares of Outfront Media during the third quarter valued at about $205,000. Parametrica Management Ltd bought a new stake in shares of Outfront Media during the third quarter valued at about $227,000. ARP Americas LLC bought a new stake in shares of Outfront Media during the third quarter valued at about $250,000. Finally, Ninepoint Partners LP bought a new stake in shares of Outfront Media during the third quarter valued at about $254,000.

Outfront Media (OUT) opened at $22.50 on Monday. Outfront Media has a 1-year low of $20.82 and a 1-year high of $27.89. The stock has a market cap of $3,119.31, a price-to-earnings ratio of 26.79, a PEG ratio of 1.56 and a beta of 1.13. The company has a current ratio of 1.23, a quick 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. Stockholders of record on Friday, December 8th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 6.40%. The ex-dividend date was Thursday, December 7th. Outfront Media’s dividend payout ratio (DPR) is 171.43%.

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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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