$337.61 Million in Sales Expected for Outfront Media (OUT) This Quarter

Equities research analysts predict that Outfront Media (NYSE:OUT) will post $337.61 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Outfront Media’s earnings, with the lowest sales estimate coming in at $337.30 million and the highest estimate coming in at $337.91 million. Outfront Media posted sales of $330.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, May 2nd.

On average, analysts expect that Outfront Media will report full year sales of $337.61 million for the current year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts anticipate that the company will report sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Outfront Media.

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Outfront Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31). The business had revenue of $401.30 million during the quarter, compared to analysts’ expectations of $404.74 million. Outfront Media had a net margin of 8.27% and a return on equity of 10.31%.

Several research firms have recently commented on OUT. Wells Fargo dropped their price objective on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. ValuEngine downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in Outfront Media by 18.6% during the third quarter. Stifel Financial Corp now owns 36,252 shares of the financial services provider’s stock worth $917,000 after buying an additional 5,696 shares in the last quarter. Copper Rock Capital Partners LLC boosted its holdings in Outfront Media by 3.6% during the fourth quarter. Copper Rock Capital Partners LLC now owns 998,911 shares of the financial services provider’s stock worth $22,995,000 after buying an additional 34,662 shares in the last quarter. AXA boosted its holdings in Outfront Media by 6.6% during the third quarter. AXA now owns 248,500 shares of the financial services provider’s stock worth $6,257,000 after buying an additional 15,300 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Outfront Media by 97.2% during the third quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock worth $64,093,000 after buying an additional 1,254,605 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in Outfront Media during the fourth quarter worth $235,000. 99.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of OUT stock traded down $0.21 during trading hours on Friday, hitting $18.55. The company’s stock had a trading volume of 1,096,368 shares, compared to its average volume of 1,284,721. The company has a market capitalization of $2,570.93, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.25 and a quick ratio of 1.26. Outfront Media has a 12-month low of $17.75 and a 12-month high of $26.87.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend was Thursday, March 8th. Outfront Media’s dividend payout ratio (DPR) is presently 72.00%.

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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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