Brokerages expect Outfront Media Inc (NYSE:OUT) to post sales of $445.24 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Outfront Media’s earnings. The lowest sales estimate is $442.50 million and the highest is $446.72 million. Outfront Media posted sales of $401.30 million in the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, February 26th.

On average, analysts expect that Outfront Media will report full year sales of $1.60 billion for the current fiscal year. For the next year, analysts anticipate that the company will report sales of $1.65 billion, with estimates ranging from $1.62 billion to $1.67 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Outfront Media.

Outfront Media (NYSE:OUT) last posted its earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $414.20 million during the quarter, compared to analyst estimates of $404.37 million. Outfront Media had a net margin of 5.54% and a return on equity of 7.42%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS.

OUT has been the subject of several recent analyst reports. Morgan Stanley boosted their price target on shares of Outfront Media from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Friday, December 7th. Zacks Investment Research raised shares of Outfront Media from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, January 8th. ValuEngine raised shares of Outfront Media from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. TheStreet raised shares of Outfront Media from a “c+” rating to a “b-” rating in a report on Monday, November 26th. Finally, Wolfe Research initiated coverage on shares of Outfront Media in a report on Friday, December 7th. They issued an “outperform” rating and a $25.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.50.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Outfront Media by 6.6% in the 3rd quarter. Vanguard Group Inc. now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after acquiring an additional 1,216,208 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Outfront Media by 6.6% during the third quarter. Vanguard Group Inc now owns 19,594,607 shares of the financial services provider’s stock worth $390,912,000 after buying an additional 1,216,208 shares in the last quarter. FMR LLC grew its holdings in shares of Outfront Media by 53.0% during the third quarter. FMR LLC now owns 11,992,651 shares of the financial services provider’s stock worth $239,253,000 after buying an additional 4,154,719 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Outfront Media by 2.9% during the second quarter. BlackRock Inc. now owns 7,520,012 shares of the financial services provider’s stock worth $146,262,000 after buying an additional 215,242 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in shares of Outfront Media during the third quarter worth $130,519,000. 97.28% of the stock is owned by institutional investors.

Shares of NYSE OUT opened at $20.53 on Friday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.24 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.92. Outfront Media has a one year low of $16.81 and a one year high of $22.53.

Outfront Media Company Profile

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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