FY2024 EPS Estimates for OUTFRONT Media Boosted by Analyst

OUTFRONT Media Inc. (NYSE:OUT - Free Report) - Stock analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for shares of OUTFRONT Media in a research note issued to investors on Tuesday, December 3rd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $1.56 for the year, up from their previous estimate of $1.54. The consensus estimate for OUTFRONT Media's current full-year earnings is $1.56 per share. Zacks Research also issued estimates for OUTFRONT Media's FY2025 earnings at $1.64 EPS and FY2026 earnings at $1.76 EPS.

Several other equities research analysts also recently commented on OUT. StockNews.com downgraded shares of OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research note on Thursday, September 19th. They set an "overweight" rating and a $22.00 price objective on the stock. Wolfe Research downgraded OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Finally, Barrington Research restated an "outperform" rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.25.

OUTFRONT Media Trading Up 0.2 %

Shares of NYSE:OUT traded up $0.04 during mid-day trading on Friday, hitting $18.95. The stock had a trading volume of 2,720,712 shares, compared to its average volume of 2,108,211. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. The company's 50 day moving average is $18.54 and its 200-day moving average is $16.53. OUTFRONT Media has a 12-month low of $12.13 and a 12-month high of $19.50. The company has a market cap of $3.15 billion, a PE ratio of 13.83, a P/E/G ratio of 1.22 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. During the same period last year, the firm earned $0.46 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis.

Institutional Investors Weigh In On OUTFRONT Media

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dark Forest Capital Management LP lifted its stake in shares of OUTFRONT Media by 3.0% in the 2nd quarter. Dark Forest Capital Management LP now owns 25,133 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 738 shares during the period. Quest Partners LLC lifted its stake in OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider's stock valued at $62,000 after buying an additional 994 shares during the period. CWM LLC boosted its holdings in OUTFRONT Media by 18.5% during the third quarter. CWM LLC now owns 7,683 shares of the financial services provider's stock worth $141,000 after buying an additional 1,199 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of OUTFRONT Media by 5.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 23,222 shares of the financial services provider's stock worth $332,000 after buying an additional 1,220 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of OUTFRONT Media by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 206,715 shares of the financial services provider's stock valued at $3,799,000 after acquiring an additional 1,235 shares during the last quarter.

OUTFRONT Media Cuts Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is currently 87.59%.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.