OUTFRONT Media Inc. (NYSE:OUT) – Barrington Research lowered their FY2017 EPS estimates for OUTFRONT Media in a report issued on Friday. Barrington Research analyst J. Goss now expects that the financial services provider will post earnings of $1.96 per share for the year, down from their previous forecast of $2.04. Barrington Research currently has a “Outperform” rating and a $26.00 price target on the stock. Barrington Research also issued estimates for OUTFRONT Media’s Q2 2018 earnings at $0.61 EPS.
OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.36 EPS 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 business had revenue of $392.40 million for the quarter, compared to analysts’ expectations of $391.18 million. During the same period in the previous year, the company earned $0.63 EPS. OUTFRONT Media’s revenue for the quarter was up 2.5% compared to the same quarter last year.
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Several other research firms have also commented on OUT. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $30.00 price target on shares of OUTFRONT Media in a research report on Tuesday, October 3rd. ValuEngine raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Loop Capital reaffirmed a “buy” rating and set a $28.00 price target (up previously from $27.00) on shares of OUTFRONT Media in a research report on Thursday, September 28th. Finally, BidaskClub lowered shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.17.
Shares of OUTFRONT Media (NYSE OUT) opened at $24.20 on Monday. OUTFRONT Media has a 52-week low of $20.82 and a 52-week high of $27.89. The company has a market cap of $3,355.00, a PE ratio of 12.35, a PEG ratio of 1.91 and a beta of 1.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.95%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 171.43%.
Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of OUTFRONT Media by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 478 shares during the period. Pacad Investment Ltd. grew its stake in shares of OUTFRONT Media by 54.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 1,900 shares during the period. Smithfield Trust Co. grew its stake in shares of OUTFRONT Media by 435.6% during the 2nd quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 4,670 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of OUTFRONT Media by 57.9% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 2,200 shares during the period. Finally, Cadence Capital Management LLC bought a new position in shares of OUTFRONT Media during the 3rd quarter valued at approximately $205,000. Institutional investors own 99.38% of the company’s stock.
About OUTFRONT Media
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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