Outfront Media (OUT) Expected to Announce Earnings of $0.28 Per Share

Wall Street analysts expect Outfront Media (NYSE:OUT) to announce earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Outfront Media’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.27. Outfront Media also posted earnings of $0.28 per share during the same quarter last year. The business is expected to announce its next earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Outfront Media will report full year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.08. For the next fiscal year, analysts expect that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.15 to $2.34. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Outfront Media.

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

OUT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Tuesday, January 2nd. ValuEngine cut Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wells Fargo cut their price target on Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $26.50.

Several institutional investors have recently bought and sold shares of OUT. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Outfront Media by 45.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,324 shares in the last quarter. Chicago Equity Partners LLC acquired a new position in shares of Outfront Media during the fourth quarter worth approximately $235,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Outfront Media during the fourth quarter worth approximately $246,000. Koch Industries Inc. acquired a new position in shares of Outfront Media during the fourth quarter worth approximately $254,000. Finally, Gator Capital Management LLC acquired a new position in shares of Outfront Media during the fourth quarter worth approximately $294,000. Hedge funds and other institutional investors own 98.70% of the company’s stock.

Outfront Media stock opened at $18.64 on Friday. The company has a market cap of $2,597.36, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. Outfront Media has a 52-week low of $17.75 and a 52-week high of $26.87. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.75.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders 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 dividend yield of 7.73%. The ex-dividend date was Thursday, March 8th. Outfront Media’s payout ratio is 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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