OUTFRONT Media (NYSE:OUT - Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.20), Briefing.com reports. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm's revenue for the quarter was down .6% on a year-over-year basis.
OUTFRONT Media Stock Performance
Shares of OUT stock traded up $0.37 during trading hours on Wednesday, reaching $18.70. The stock had a trading volume of 2,602,272 shares, compared to its average volume of 1,765,921. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.67. The firm has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $16.08. The firm has a market capitalization of $3.10 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.20 and a beta of 1.94. OUTFRONT Media has a twelve month low of $11.59 and a twelve month high of $19.33.
OUTFRONT Media Cuts Dividend
The company also recently declared a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be given a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media's dividend payout ratio is currently 87.59%.
Analyst Upgrades and Downgrades
OUT has been the subject of several research reports. StockNews.com lowered OUTFRONT Media from a "buy" rating to a "hold" rating in a research report on Monday, October 28th. Wolfe Research downgraded shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Barrington Research reaffirmed an "outperform" rating and issued a $21.00 price target on shares of OUTFRONT Media in a report on Wednesday. Finally, Wells Fargo & Company assumed 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.25.
View Our Latest Stock Analysis on OUTFRONT Media
About OUTFRONT Media
(
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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.
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