Clear Channel Outdoor Holdings, Inc. (CCO) to Release Quarterly Earnings on Tuesday
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Clear Channel Outdoor Holdings to post earnings of ($0.05) per share for the quarter.
Clear Channel Outdoor Holdings (NYSE:CCO) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The business had revenue of $672.32 million during the quarter, compared to the consensus estimate of $672.22 million. Clear Channel Outdoor Holdings had a negative return on equity of 3.35% and a net margin of 1.40%. On average, analysts expect Clear Channel Outdoor Holdings to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) opened at $3.80 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of -4.20. The stock has a market capitalization of $1,383.14, a PE ratio of 38.00 and a beta of 1.61. Clear Channel Outdoor Holdings, Inc. has a fifty-two week low of $3.35 and a fifty-two week high of $6.35.
The company also recently disclosed a dividend, which was paid on Tuesday, October 31st. Investors of record on Thursday, October 26th were issued a dividend of $0.0687 per share. The ex-dividend date of this dividend was Wednesday, November 1st.
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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine upgraded Clear Channel Outdoor Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Clear Channel Outdoor Holdings currently has a consensus rating of “Hold” and a consensus target price of $8.58.
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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