Zacks Research Research Analysts Lower Earnings Estimates for OUTFRONT Media Inc. (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT) – Investment analysts at Zacks Research cut their Q3 2024 EPS estimates for OUTFRONT Media in a report issued on Tuesday, August 27th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.38 per share for the quarter, down from their previous estimate of $0.41. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.55 per share. Zacks Research also issued estimates for OUTFRONT Media’s Q4 2024 earnings at $0.61 EPS, FY2024 earnings at $1.54 EPS, Q1 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.38 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $0.25 EPS and FY2026 earnings at $1.67 EPS.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.60. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a negative return on equity of 72.77% and a negative net margin of 23.38%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. StockNews.com upgraded shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday. TD Cowen started coverage on OUTFRONT Media in a research note on Tuesday, July 16th. They issued a “hold” rating and a $16.00 target price on the stock. Finally, Barrington Research lifted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, OUTFRONT Media has an average rating of “Hold” and an average target price of $16.00.

OUTFRONT Media Stock Up 0.2 %

OUT stock opened at $17.04 on Friday. The company’s 50 day moving average is $15.35 and its 200 day moving average is $15.12. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -6.41, a price-to-earnings-growth ratio of 1.02 and a beta of 1.92. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 5.08. OUTFRONT Media has a 1-year low of $8.18 and a 1-year high of $17.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP grew its stake in shares of OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,325 shares during the last quarter. Spire Wealth Management bought a new position in shares of OUTFRONT Media during the fourth quarter valued at about $28,000. National Bank of Canada FI bought a new position in shares of OUTFRONT Media during the second quarter valued at about $28,000. Riverview Trust Co bought a new position in shares of OUTFRONT Media during the first quarter valued at about $33,000. Finally, Quest Partners LLC grew its stake in shares of OUTFRONT Media by 30.0% during 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 last quarter.

OUTFRONT Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.04%. OUTFRONT Media’s dividend payout ratio (DPR) is -45.11%.

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.