OUTFRONT Media (NYSE:OUT) Posts Quarterly Earnings Results, Beats Estimates By $0.30 EPS

OUTFRONT Media (NYSE:OUT) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.30, Zacks reports. The firm had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $509.61 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS.

Here are the key takeaways from OUTFRONT Media’s conference call:

• Second-quarter results exceeded expectations: revenue rose 14%, adjusted OIBDA increased 29% to $160 million, and AFFO grew 45% to $121 million, supported by strong transit and billboard demand.
• Transit revenue surged 32%, led by a 48% increase at New York’s MTA, while digital revenue grew more than 23% and programmatic and automated digital sales rose nearly 50%. The FIFA World Cup generated over $50 million in total revenue, including about $35 million in the quarter.
• Management expects third-quarter revenue to increase in the high-single digits, with transit up approximately 20% and billboard revenue growing at a mid-single-digit rate. Full-year reported AFFO growth is now expected in the low-20% range.
• Outfront expects SG&A growth to outpace revenue growth for the rest of 2026 as it invests in digital sales, data analytics, technology, training, and personnel, potentially pressuring near-term margins.
• The company will continue recognizing the MTA’s $161 million minimum annual guarantee as transit franchise expense on a straight-line basis, or roughly $40 million per quarter, rather than shifting costs into a fourth-quarter revenue-share structure.

OUTFRONT Media Stock Up 0.4%

OUT traded up $0.11 during trading on Wednesday, hitting $32.09. 2,653,004 shares of the company’s stock traded hands, compared to its average volume of 1,360,483. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 1.52 and a beta of 1.49. The company’s 50 day simple moving average is $32.10 and its two-hundred day simple moving average is $29.56. OUTFRONT Media has a 12-month low of $16.64 and a 12-month high of $34.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.90.

OUTFRONT Media Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, June 5th. OUTFRONT Media’s dividend payout ratio (DPR) is currently 114.29%.

Insider Buying and Selling at OUTFRONT Media

In other OUTFRONT Media news, EVP James Michael Norton acquired 4,130 shares of OUTFRONT Media stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the acquisition, the executive vice president owned 4,130 shares of the company’s stock, valued at $127,245.30. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the transaction, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 20,000 shares of company stock valued at $629,600 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OUTFRONT Media

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in OUTFRONT Media by 9.7% during the second quarter. BNP Paribas Financial Markets now owns 20,689 shares of the financial services provider’s stock valued at $338,000 after purchasing an additional 1,832 shares during the period. Engineers Gate Manager LP bought a new stake in OUTFRONT Media in the 4th quarter worth approximately $323,000. Creative Planning grew its holdings in shares of OUTFRONT Media by 26.3% in the second quarter. Creative Planning now owns 19,171 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 3,992 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in OUTFRONT Media during the second quarter valued at $295,000. Finally, Xponance LLC lifted its holdings in OUTFRONT Media by 6.9% in the fourth quarter. Xponance LLC now owns 11,732 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 758 shares during the period.

Analyst Ratings Changes

OUT has been the subject of a number of recent research reports. Wall Street Zen cut OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Morgan Stanley set a $37.00 target price on OUTFRONT Media in a research note on Friday, May 8th. TD Cowen reaffirmed a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $38.00 price target on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Finally, Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.57.

About OUTFRONT Media

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.