Equities analysts expect that Outfront Media Inc (NYSE:OUT) will post sales of $405.14 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Outfront Media’s earnings. The lowest sales estimate is $404.50 million and the highest is $405.61 million. Outfront Media reported sales of $392.40 million in the same quarter last year, which indicates a positive year-over-year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that Outfront Media will report full year sales of $1.56 billion for the current financial year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts anticipate that the business will post sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.64 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Outfront Media.

OUT has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a research report on Monday, September 10th. Imperial Capital initiated coverage on shares of Outfront Media in a research report on Thursday, September 13th. They issued an “inline” rating and a $22.00 price objective on the stock. ValuEngine raised shares of Outfront Media from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 11th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Outfront Media in a research report on Thursday, August 9th. Finally, Citigroup cut their price objective on shares of Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.33.

NYSE OUT traded down $0.19 during trading on Thursday, reaching $19.98. 1,180,952 shares of the company’s stock traded hands, compared to its average volume of 794,218. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. Outfront Media has a 12-month low of $17.75 and a 12-month high of $25.30.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date is Thursday, September 6th. Outfront Media’s payout ratio is currently 72.00%.

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Outfront Media by 11.3% during the 1st quarter. JPMorgan Chase & Co. now owns 17,694,776 shares of the financial services provider’s stock worth $331,600,000 after purchasing an additional 1,791,388 shares during the last quarter. Echo Street Capital Management LLC grew its position in Outfront Media by 128.1% during the 1st quarter. Echo Street Capital Management LLC now owns 1,797,897 shares of the financial services provider’s stock worth $33,693,000 after purchasing an additional 1,009,548 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new stake in Outfront Media during the 1st quarter worth approximately $16,171,000. FMR LLC grew its position in Outfront Media by 7.2% during the 2nd quarter. FMR LLC now owns 7,837,932 shares of the financial services provider’s stock worth $152,447,000 after purchasing an additional 529,060 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in Outfront Media by 14.7% during the 2nd quarter. Macquarie Group Ltd. now owns 4,014,179 shares of the financial services provider’s stock worth $78,076,000 after purchasing an additional 515,529 shares during the last quarter. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

About Outfront Media

OUTFRONT Media connects 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 Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

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Earnings History and Estimates for Outfront Media (NYSE:OUT)

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