Analysts expect Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) to post $643.63 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Clear Channel Outdoor Holdings’ earnings. The highest sales estimate is $647.00 million and the lowest is $640.25 million. Clear Channel Outdoor Holdings posted sales of $673.06 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Clear Channel Outdoor Holdings will report full-year sales of $643.63 million for the current financial year, with estimates ranging from $2.58 billion to $2.61 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.66 billion per share, with estimates ranging from $2.62 billion to $2.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Clear Channel Outdoor Holdings.

Clear Channel Outdoor Holdings (NYSE:CCO) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The firm had revenue of $672.32 million for the quarter, compared to analyst estimates of $672.22 million.

CCO has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Clear Channel Outdoor Holdings from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a report on Friday, July 28th. TheStreet cut shares of Clear Channel Outdoor Holdings from a “c” rating to a “d” rating in a report on Thursday, May 4th. BidaskClub raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, ValuEngine raised shares of Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Six equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $7.81.

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Clear Channel Outdoor Holdings (NYSE:CCO) traded down 2.41% during midday trading on Thursday, hitting $4.05. 133,299 shares of the company were exchanged. The firm has a market capitalization of $1.46 billion, a PE ratio of 40.50 and a beta of 1.51. The stock has a 50 day moving average of $4.63 and a 200 day moving average of $4.91. Clear Channel Outdoor Holdings has a 1-year low of $3.35 and a 1-year high of $7.31.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alta Fundamental Advisers LLC bought a new position in Clear Channel Outdoor Holdings during the second quarter valued at approximately $2,636,000. Northern Trust Corp increased its position in Clear Channel Outdoor Holdings by 196.3% in the second quarter. Northern Trust Corp now owns 523,856 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 347,073 shares in the last quarter. Vanguard Group Inc. increased its position in Clear Channel Outdoor Holdings by 12.5% in the second quarter. Vanguard Group Inc. now owns 3,116,152 shares of the business services provider’s stock valued at $15,114,000 after buying an additional 346,755 shares in the last quarter. JPMorgan Chase & Co. increased its position in Clear Channel Outdoor Holdings by 5.6% in the second quarter. JPMorgan Chase & Co. now owns 5,696,145 shares of the business services provider’s stock valued at $27,626,000 after buying an additional 300,142 shares in the last quarter. Finally, Blue Sky Asset Management LLC bought a new position in Clear Channel Outdoor Holdings during the first quarter valued at approximately $1,453,000. 9.18% of the stock is currently owned by institutional investors.

About Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

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Earnings History and Estimates for Clear Channel Outdoor Holdings (NYSE:CCO)

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