OUTFRONT Media Q4 EPS Estimate Increased by Zacks Research

OUTFRONT Media Inc. (NYSE:OUT) – Investment analysts at Zacks Research lifted their Q4 2027 earnings per share estimates for shares of OUTFRONT Media in a research report issued on Tuesday, January 20th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.69. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.59 per share.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 21.56% and a net margin of 6.86%.The firm had revenue of $467.50 million for the quarter, compared to analyst estimates of $458.32 million. During the same period last year, the company posted $0.19 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year.

Several other analysts also recently issued reports on the stock. Wall Street Zen raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $20.00 to $28.00 in a research note on Tuesday, December 16th. Citigroup reiterated a “buy” rating and set a $23.00 price objective (up from $20.00) on shares of OUTFRONT Media in a report on Wednesday, November 12th. Wells Fargo & Company restated an “overweight” rating and issued a $27.00 target price (up previously from $23.00) on shares of OUTFRONT Media in a report on Thursday, December 18th. Finally, New Street Research set a $24.00 price target on shares of OUTFRONT Media in a research report on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, OUTFRONT Media presently has an average rating of “Buy” and an average price target of $24.57.

OUTFRONT Media Trading Down 2.4%

NYSE OUT opened at $24.58 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 4.75. OUTFRONT Media has a 52 week low of $12.95 and a 52 week high of $25.25. The business has a 50 day moving average price of $23.59 and a 200-day moving average price of $20.07. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 36.15, a P/E/G ratio of 1.26 and a beta of 1.57.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds have recently modified their holdings of the company. Nordea Investment Management AB purchased a new stake in shares of OUTFRONT Media during the second quarter valued at approximately $5,414,000. Russell Investments Group Ltd. grew its stake in OUTFRONT Media by 26.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 585,338 shares of the financial services provider’s stock valued at $9,553,000 after purchasing an additional 121,987 shares during the period. Advisors Capital Management LLC increased its position in shares of OUTFRONT Media by 36.0% during the 2nd quarter. Advisors Capital Management LLC now owns 1,881,277 shares of the financial services provider’s stock valued at $30,702,000 after purchasing an additional 497,781 shares during the last quarter. Pacific Heights Asset Management LLC raised its stake in shares of OUTFRONT Media by 40.0% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 700,000 shares of the financial services provider’s stock worth $12,824,000 after purchasing an additional 200,000 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of OUTFRONT Media by 44.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 192,695 shares of the financial services provider’s stock worth $3,145,000 after purchasing an additional 59,275 shares during the period.

Insider Buying and Selling at OUTFRONT Media

In related news, Director Manuel A. Diaz sold 11,270 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $22.18, for a total transaction of $249,968.60. Following the transaction, the director directly owned 58,786 shares in the company, valued at approximately $1,303,873.48. The trade was a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.

OUTFRONT Media Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 5th were issued a $0.30 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.9%. OUTFRONT Media’s dividend payout ratio is currently 176.47%.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.