Equities analysts expect Outfront Media Inc (NYSE:OUT) to announce $445.24 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Outfront Media’s earnings, with the highest sales estimate coming in at $446.72 million and the lowest estimate coming in at $442.50 million. Outfront Media posted sales of $401.30 million during the same quarter last year, which suggests a positive year over year growth rate of 10.9%. The business is expected to announce its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that Outfront Media will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $1.56 billion to $1.60 billion. For the next fiscal year, analysts expect that the business will post sales of $1.64 billion, with estimates ranging from $1.61 billion to $1.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Outfront Media.

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

Several brokerages have weighed in on OUT. Zacks Investment Research raised Outfront Media from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, November 14th. ValuEngine upgraded Outfront Media from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 6th. Imperial Capital initiated coverage on Outfront Media in a research report on Thursday, September 13th. They set an “inline” rating and a $22.00 price target for the company. Citigroup dropped their price target on Outfront Media from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $27.00 price objective (up previously from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $23.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cove Street Capital LLC purchased a new position in Outfront Media during the second quarter worth $134,000. Gabelli Funds LLC acquired a new position in shares of Outfront Media during the third quarter worth about $200,000. Cubist Systematic Strategies LLC lifted its stake in shares of Outfront Media by 70.2% during the second quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 4,467 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Outfront Media during the second quarter worth about $279,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Outfront Media during the third quarter worth about $287,000. 97.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Outfront Media stock traded up $0.39 during trading on Friday, hitting $20.82. 250,810 shares of the stock traded hands, compared to its average volume of 1,328,152. Outfront Media has a 52-week low of $17.27 and a 52-week high of $24.44. The firm has a market cap of $2.95 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.92.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 7th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.92%. Outfront Media’s dividend payout ratio (DPR) is presently 72.00%.

Outfront Media Company Profile

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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