Zacks Research Cuts Earnings Estimates for OUTFRONT Media

OUTFRONT Media Inc. (NYSE:OUT - Free Report) - Equities researchers at Zacks Research reduced their FY2024 EPS estimates for shares of OUTFRONT Media in a research report issued on Monday, January 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.56 for the year, down from their prior forecast of $1.60. The consensus estimate for OUTFRONT Media's current full-year earnings is $1.60 per share. Zacks Research also issued estimates for OUTFRONT Media's Q4 2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $1.71 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.46 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $1.85 EPS.

Several other equities analysts also recently commented on the stock. Wolfe Research downgraded shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Morgan Stanley upped their target price on OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a research note on Wednesday, December 18th. StockNews.com lowered OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five research 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 company has an average rating of "Hold" and an average target price of $19.48.

OUTFRONT Media Trading Down 1.1 %

Shares of OUTFRONT Media stock traded down $0.22 on Thursday, reaching $18.60. The company had a trading volume of 586,348 shares, compared to its average volume of 1,641,761. The firm's 50-day moving average price is $18.77 and its two-hundred day moving average price is $17.88. OUTFRONT Media has a 1 year low of $12.27 and a 1 year high of $19.50. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.08 and a beta of 1.96. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). 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 during the quarter, compared to analysts' expectations of $456.38 million. During the same quarter in the prior year, the business posted $0.47 EPS. The company's revenue was down .6% on a year-over-year basis.

Institutional Trading of OUTFRONT Media

Several hedge funds have recently modified their holdings of OUT. Quarry LP raised its stake in shares of OUTFRONT Media by 258.8% during the 2nd quarter. Quarry LP now owns 1,837 shares of the financial services provider's stock worth $26,000 after acquiring an additional 1,325 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in OUTFRONT Media in the third quarter worth $32,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media during the third quarter worth $49,000. GAMMA Investing LLC lifted its holdings in shares of OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider's stock valued at $67,000 after purchasing an additional 613 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of OUTFRONT Media in the 3rd quarter worth $108,000.

OUTFRONT Media Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 15th were paid a dividend of $0.7688 per share. The ex-dividend date was Friday, November 15th. OUTFRONT Media's dividend payout ratio (DPR) is currently 87.68%.

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.