Outfront Media Inc (NYSE:OUT) – Analysts at Imperial Capital increased their FY2018 EPS estimates for Outfront Media in a note issued to investors on Tuesday, November 6th. Imperial Capital analyst D. Miller now anticipates that the financial services provider will post earnings per share of $2.13 for the year, up from their prior estimate of $2.03. Imperial Capital currently has a “Inline” rating and a $22.00 target price on the stock. Imperial Capital also issued estimates for Outfront Media’s Q4 2018 earnings at $0.69 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.59 EPS and FY2019 earnings at $2.13 EPS.
Several other equities research analysts have also recently commented on OUT. ValuEngine raised Outfront Media from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 14th. Zacks Investment Research cut Outfront Media from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Wells Fargo & Co reissued a “market perform” rating and issued a $27.00 price target (up previously from $25.00) on shares of Outfront Media in a research note on Thursday, August 9th. Finally, Citigroup lowered their price target on Outfront Media from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Outfront Media has a consensus rating of “Hold” and an average price target of $23.60.
Outfront Media (NYSE:OUT) last announced its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The business had revenue of $414.20 million during the quarter, compared to analysts’ expectations of $404.37 million. Outfront Media had a return on equity of 7.34% and a net margin of 5.54%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 7th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $1.44 annualized dividend and a yield of 6.90%. Outfront Media’s dividend payout ratio (DPR) is currently 72.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of OUT. Cove Street Capital LLC acquired a new stake in Outfront Media in the 2nd quarter worth approximately $134,000. Gabelli Funds LLC acquired a new stake in Outfront Media in the 3rd quarter worth approximately $200,000. Cubist Systematic Strategies LLC lifted its holdings in Outfront Media by 70.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 4,467 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Outfront Media in the 2nd quarter worth approximately $279,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Outfront Media in the 3rd quarter worth approximately $287,000. Hedge funds and other institutional investors own 97.99% of the company’s stock.
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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