Outfront Media Inc (OUT) Expected to Post Quarterly Sales of $404.74 Million

Wall Street analysts forecast that Outfront Media Inc (NYSE:OUT) will announce sales of $404.74 million for the current quarter, Zacks reports. Two analysts have issued 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 would suggest a positive year over year growth rate of 1.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Outfront Media will report full-year sales of $404.74 million for the current fiscal year, with estimates ranging from $1.52 billion to $1.53 billion. For the next year, analysts forecast that the firm will report sales of $1.57 billion per share, with estimates ranging from $1.55 billion to $1.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Outfront Media.

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

Several research analysts recently commented on OUT shares. ValuEngine lowered shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Outfront Media from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.83.

Outfront Media (OUT) opened at $21.48 on Thursday. 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 company has a market cap of $2,990.39, a P/E ratio of 25.57, a P/E/G ratio of 1.50 and a beta of 1.01. Outfront Media has a 52 week low of $20.82 and a 52 week high of $27.89.

A number of large investors have recently added to or reduced their stakes in OUT. Fuller & Thaler Asset Management Inc. grew its position in Outfront Media by 57.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Outfront Media by 45.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 2,324 shares during the last quarter. Cadence Capital Management LLC purchased a new stake in Outfront Media during the 3rd quarter worth approximately $205,000. Parametrica Management Ltd purchased a new stake in Outfront Media during the 3rd quarter worth approximately $227,000. Finally, Chicago Equity Partners LLC purchased a new stake in Outfront Media during the 4th quarter worth approximately $235,000. 98.94% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Outfront Media Inc (OUT) Expected to Post Quarterly Sales of $404.74 Million” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/02/08/outfront-media-inc-out-expected-to-post-quarterly-sales-of-404-74-million.html.

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.

Get a free copy of the Zacks research report on Outfront Media (OUT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Outfront Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Outfront Media and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply