Q4 EPS Estimate for Clear Channel Outdoor Lowered by Analyst

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) - Equities research analysts at Barrington Research decreased their Q4 2026 earnings estimates for shares of Clear Channel Outdoor in a research note issued on Wednesday, April 23rd. Barrington Research analyst P. Sholl now forecasts that the business services provider will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. Barrington Research has a "Market Perform" rating on the stock.

Clear Channel Outdoor Price Performance

CCO remained flat at $1.02 on Friday. The company's stock had a trading volume of 1,380,247 shares, compared to its average volume of 1,679,215. The firm's fifty day moving average is $1.11 and its 200-day moving average is $1.35. The stock has a market capitalization of $499.86 million, a price-to-earnings ratio of -3.52 and a beta of 2.72. Clear Channel Outdoor has a 12 month low of $0.81 and a 12 month high of $1.88.

Hedge Funds Weigh In On Clear Channel Outdoor

Institutional investors have recently made changes to their positions in the company. Graham Capital Management L.P. acquired a new stake in Clear Channel Outdoor during the fourth quarter valued at $36,000. Teacher Retirement System of Texas acquired a new position in Clear Channel Outdoor in the 1st quarter worth about $39,000. Cibc World Markets Corp acquired a new position in Clear Channel Outdoor in the 4th quarter worth about $45,000. KLP Kapitalforvaltning AS acquired a new stake in Clear Channel Outdoor in the fourth quarter valued at approximately $53,000. Finally, Jacksonville Wealth Management LLC purchased a new stake in shares of Clear Channel Outdoor in the fourth quarter valued at approximately $62,000. 85.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno bought 2,500,000 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $0.97 per share, for a total transaction of $2,425,000.00. Following the completion of the transaction, the insider now directly owns 54,932,534 shares of the company's stock, valued at approximately $53,284,557.98. This trade represents a 4.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 7,267,256 shares of company stock worth $6,980,873 over the last quarter. Insiders own 1.53% of the company's stock.

Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.