Analysts predict that Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will announce earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks. Two analysts have made estimates for Clear Channel Outdoor Holdings’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). Clear Channel Outdoor Holdings posted earnings per share of ($0.09) during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 8th.

According to Zacks, analysts expect that Clear Channel Outdoor Holdings will report full-year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.09). For the next fiscal year, analysts expect that the company will report earnings of ($0.13) per share, with EPS estimates ranging from ($0.16) to ($0.10). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Clear Channel Outdoor Holdings.

Clear Channel Outdoor Holdings (NYSE:CCO) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $672.32 million during the quarter, compared to analyst estimates of $672.22 million.

Several research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of Clear Channel Outdoor Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, BidaskClub upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.81.

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Clear Channel Outdoor Holdings (CCO) traded up 5.19% during trading on Friday, reaching $4.05. The company’s stock had a trading volume of 241,736 shares. The firm has a 50-day moving average price of $4.52 and a 200-day moving average price of $4.85. Clear Channel Outdoor Holdings has a 52 week low of $3.35 and a 52 week high of $7.02. The firm has a market capitalization of $1.46 billion, a P/E ratio of 40.50 and a beta of 1.56.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Clear Channel Outdoor Holdings by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock worth $27,626,000 after buying an additional 300,142 shares in the last quarter. Vanguard Group Inc. boosted its position in Clear Channel Outdoor Holdings by 12.5% in the second quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock worth $15,114,000 after buying an additional 346,755 shares in the last quarter. Gabelli Funds LLC boosted its position in Clear Channel Outdoor Holdings by 0.7% in the first quarter. Gabelli Funds LLC now owns 2,773,144 shares of the business services provider’s stock worth $16,778,000 after buying an additional 20,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Clear Channel Outdoor Holdings by 0.6% in the first quarter. Gamco Investors INC. ET AL now owns 2,260,192 shares of the business services provider’s stock worth $13,674,000 after buying an additional 13,603 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Clear Channel Outdoor Holdings by 4.6% in the first quarter. Renaissance Technologies LLC now owns 936,900 shares of the business services provider’s stock worth $5,668,000 after buying an additional 40,800 shares in the last quarter. 9.64% of the stock is owned by institutional investors.

About Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

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Earnings History and Estimates for Clear Channel Outdoor Holdings (NYSE:CCO)

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