Analysts expect Outfront Media Inc (NYSE:OUT) to report $0.59 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Outfront Media’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.58. Outfront Media reported earnings per share of $0.56 in the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is scheduled to issue its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Outfront Media will report full year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.03 to $2.06. For the next financial year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.08 to $2.34. Zacks’ EPS calculations are an average based on a survey of research firms that follow Outfront Media.

Several equities research analysts have weighed in on the company. ValuEngine cut Outfront Media from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Citigroup reduced their target price on Outfront Media from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, August 17th. Morgan Stanley reduced their target price on Outfront Media from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, June 22nd. Zacks Investment Research lowered Outfront Media from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $27.00 price objective (up from $25.00) on shares of Outfront Media in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Outfront Media presently has an average rating of “Hold” and an average price target of $24.33.

OUT traded down $0.19 during trading hours on Tuesday, reaching $19.98. 1,180,952 shares of the company’s stock traded hands, compared to its average volume of 794,218. Outfront Media has a 52-week low of $17.75 and a 52-week high of $25.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.98. The stock has a market cap of $2.78 billion, a P/E ratio of 10.09, a PEG ratio of 1.33 and a beta of 1.09.

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 issued 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 of this dividend is Thursday, September 6th. Outfront Media’s dividend payout ratio is presently 72.00%.

Several hedge funds have recently made changes to their positions in OUT. Cove Street Capital LLC acquired a new position in shares of Outfront Media in the second quarter valued at about $134,000. Point72 Asset Management L.P. acquired a new position in shares of Outfront Media in the first quarter valued at about $147,000. Point72 Asia Hong Kong Ltd increased its holdings in shares of Outfront Media by 485.4% in the first quarter. Point72 Asia Hong Kong Ltd now owns 8,301 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 6,883 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Outfront Media by 70.2% in the second quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 4,467 shares during the period. Finally, TLP Group LLC increased its holdings in shares of Outfront Media by 6,494.0% in the first quarter. TLP Group LLC now owns 12,133 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 11,949 shares during the period. 98.07% of the stock is currently owned by institutional investors and hedge funds.

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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