Equities Analysts Set Expectations for Outfront Media Inc’s Q2 2018 Earnings (OUT)
Outfront Media Inc (NYSE:OUT) – Investment analysts at Barrington Research lowered their Q2 2018 EPS estimates for Outfront Media in a research note issued on Wednesday. Barrington Research analyst J. Goss now forecasts that the financial services provider will earn $0.58 per share for the quarter, down from their previous forecast of $0.61. Barrington Research also issued estimates for Outfront Media’s Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.63 EPS, FY2018 earnings at $2.08 EPS, Q1 2019 earnings at $0.48 EPS, Q2 2019 earnings at $0.69 EPS, Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.34 EPS.
Outfront Media (NYSE:OUT) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.31). Outfront Media had a net margin of 8.27% and a return on equity of 10.31%. The company had revenue of $401.30 million for the quarter, compared to the consensus estimate of $404.74 million.
Shares of Outfront Media (NYSE OUT) opened at $19.34 on Monday. The stock has a market cap of $2,691.96, a P/E ratio of 9.68, a P/E/G ratio of 1.66 and a beta of 1.06. Outfront Media has a fifty-two week low of $18.92 and a fifty-two week high of $26.97. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 1.75.
A number of institutional investors and hedge funds have recently made changes to their positions in OUT. Macquarie Group Ltd. grew its holdings in Outfront Media by 309.2% during the 4th quarter. Macquarie Group Ltd. now owns 2,698,603 shares of the financial services provider’s stock valued at $62,608,000 after buying an additional 2,039,132 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Outfront Media by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after acquiring an additional 1,460,082 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Outfront Media by 97.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after acquiring an additional 1,254,605 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Outfront Media by 48.2% during the 4th quarter. Bank of New York Mellon Corp now owns 2,444,318 shares of the financial services provider’s stock valued at $56,708,000 after acquiring an additional 794,564 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Outfront Media by 52.6% during the 4th quarter. Millennium Management LLC now owns 2,171,235 shares of the financial services provider’s stock valued at $50,373,000 after acquiring an additional 748,095 shares during the last quarter. 99.46% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, March 8th. Outfront Media’s dividend payout ratio (DPR) is currently 160.00%.
About Outfront Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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