Outfront Media Inc (OUT) Receives Consensus Rating of “Hold” from Analysts
Outfront Media Inc (NYSE:OUT) has received an average recommendation of “Hold” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $29.57.
Several brokerages recently issued reports on OUT. Zacks Investment Research raised Outfront Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $30.00 target price on shares of Outfront Media in a research report on Tuesday, October 3rd. ValuEngine raised Outfront Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Loop Capital reaffirmed a “buy” rating and set a $28.00 target price (up from $27.00) on shares of Outfront Media in a research report on Thursday, September 28th.
Several hedge funds have recently bought and sold shares of OUT. Janus Henderson Group PLC bought a new position in shares of Outfront Media in the 2nd quarter worth about $100,424,000. JPMorgan Chase & Co. increased its position in Outfront Media by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after buying an additional 1,460,082 shares in the last quarter. Neuberger Berman Group LLC increased its position in Outfront Media by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after buying an additional 1,254,605 shares in the last quarter. Magnolia Group LLC bought a new stake in Outfront Media in the 3rd quarter valued at about $25,180,000. Finally, Thrivent Financial For Lutherans increased its position in Outfront Media by 2,593.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 702,465 shares of the financial services provider’s stock valued at $16,241,000 after buying an additional 676,383 shares in the last quarter.
Outfront Media (OUT) traded down $0.19 during midday trading on Tuesday, hitting $22.69. The company had a trading volume of 557,600 shares, compared to its average volume of 639,680. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23. Outfront Media has a 12 month low of $20.82 and a 12 month high of $27.89. The firm has a market cap of $3,070.00, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13.
Outfront Media (NYSE:OUT) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.20). Outfront Media had a net margin of 7.71% and a return on equity of 9.57%. The firm had revenue of $392.40 million for the quarter, compared to analyst estimates of $391.18 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. equities research analysts anticipate that Outfront Media will post 1.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Thursday, December 7th. Outfront Media’s dividend payout ratio (DPR) is presently 171.43%.
Outfront Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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