Brokerages predict that Outfront Media Inc (NYSE:OUT) will post $0.56 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Outfront Media’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.56. Outfront Media also posted earnings of $0.56 per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Outfront Media will report full-year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $1.96. For the next fiscal year, analysts forecast that the company will post earnings of $2.25 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Outfront Media.
OUT has been the subject of several research analyst reports. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, January 2nd. ValuEngine lowered Outfront Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $29.83.
Outfront Media (NYSE OUT) traded up $0.67 on Friday, hitting $22.19. The stock had a trading volume of 677,723 shares, compared to its average volume of 833,500. Outfront Media has a 1-year low of $20.46 and a 1-year high of $26.99. The stock has a market capitalization of $2,983.46, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.23 and a current ratio of 1.23.
A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Outfront Media by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after purchasing an additional 1,460,082 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Outfront Media by 13.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 3,422,025 shares of the financial services provider’s stock valued at $79,391,000 after purchasing an additional 399,090 shares during the period. Jackson Square Partners LLC boosted its holdings in Outfront Media by 2.7% in the fourth quarter. Jackson Square Partners LLC now owns 3,342,680 shares of the financial services provider’s stock valued at $77,550,000 after purchasing an additional 88,798 shares during the period. Macquarie Group Ltd. boosted its holdings in Outfront Media by 309.2% in the fourth quarter. Macquarie Group Ltd. now owns 2,698,603 shares of the financial services provider’s stock valued at $62,608,000 after purchasing an additional 2,039,132 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in Outfront Media by 97.2% in the third quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after purchasing an additional 1,254,605 shares during the period. Hedge funds and other institutional investors own 98.56% of the company’s stock.
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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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