Zacks: Brokerages Expect Outfront Media Inc (NYSE:OUT) to Post $0.97 Earnings Per Share
Equities analysts predict that Outfront Media Inc (NYSE:OUT) will report $0.97 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Outfront Media’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $0.61. Outfront Media posted earnings of $0.55 per share during the same quarter last year, which would indicate a positive year over year growth rate of 76.4%. The business is scheduled to announce its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Outfront Media will report full-year earnings of $3.17 per share for the current financial year, with EPS estimates ranging from $2.24 to $5.83. For the next year, analysts expect that the firm will report earnings of $3.38 per share, with EPS estimates ranging from $2.33 to $6.33. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Outfront Media.
Outfront Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.23). The company had revenue of $371.70 million for the quarter, compared to analyst estimates of $364.55 million. Outfront Media had a return on equity of 9.36% and a net margin of 6.40%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS.
In other Outfront Media news, CEO Jeremy J. Male sold 80,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $23.54, for a total transaction of $1,883,200.00. Following the transaction, the chief executive officer now directly owns 392,703 shares in the company, valued at approximately $9,244,228.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc lifted its stake in Outfront Media by 6.6% during the 3rd quarter. Vanguard Group Inc now owns 19,594,607 shares of the financial services provider’s stock valued at $390,912,000 after acquiring an additional 1,216,208 shares in the last quarter. FMR LLC lifted its stake in Outfront Media by 9.9% during the 1st quarter. FMR LLC now owns 13,276,952 shares of the financial services provider’s stock valued at $310,681,000 after acquiring an additional 1,200,483 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Outfront Media by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 4,496,384 shares of the financial services provider’s stock valued at $105,215,000 after acquiring an additional 98,059 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in Outfront Media by 8.0% during the 4th quarter. Thornburg Investment Management Inc. now owns 3,327,100 shares of the financial services provider’s stock valued at $60,287,000 after acquiring an additional 246,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Outfront Media by 14.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,988,171 shares of the financial services provider’s stock valued at $36,026,000 after acquiring an additional 258,273 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.
Shares of OUT stock traded up $0.58 during trading hours on Monday, hitting $25.28. 20,047 shares of the company were exchanged, compared to its average volume of 1,138,031. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.50 and a beta of 1.10. Outfront Media has a fifty-two week low of $16.81 and a fifty-two week high of $26.26. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.07.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Thursday, June 6th. Outfront Media’s dividend payout ratio is currently 66.98%.
About Outfront Media
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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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