According to Zacks, “Outfront Media, Inc. is a lessor of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s portfolio primarily consists of billboard displays. It provides other value-added services to its customers, such as pre-campaign category research, creative design support and post-campaign tracking and analytics. The Company’s media products also include bulletins and wallscapes, spectaculars, digital billboards, buses and street furniture. It serves a range of customers that includes consumer-focused companies in the entertainment, retail, healthcare, telecom, restaurant, financial services, travel and leisure and automotive industries. Outfront Media Inc., formerly known as CBS Outdoor Americas Inc., is headquartered in New York. “
A number of other analysts have also recently weighed in on OUT. Oppenheimer set a $10.00 price objective on shares of Motus GI and gave the stock a buy rating in a report on Thursday, March 28th. Imperial Capital dropped their price objective on shares of Denbury Resources from $3.00 to $2.00 and set an in-line rating on the stock in a report on Thursday, June 6th. CIBC reaffirmed a buy rating and issued a $13.00 price objective on shares of BlackBerry in a report on Friday, March 29th. Finally, Barrington Research increased their price objective on shares of Lions Gate Entertainment to $18.00 and gave the stock an outperform rating in a report on Wednesday, May 29th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $26.87.
Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.23). Outfront Media had a return on equity of 9.36% and a net margin of 6.40%. The business had revenue of $371.70 million during the quarter, compared to the consensus estimate of $364.55 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Outfront Media will post 2.13 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.44 annualized dividend and a yield of 5.49%. Outfront Media’s payout ratio is 66.98%.
A number of institutional investors have recently added to or reduced their stakes in OUT. Fox Run Management L.L.C. acquired a new position in shares of Outfront Media in the second quarter worth about $277,000. Foster & Motley Inc. acquired a new position in shares of Outfront Media in the second quarter worth about $1,080,000. Nisa Investment Advisors LLC boosted its holdings in shares of Outfront Media by 91.9% in the second quarter. Nisa Investment Advisors LLC now owns 74,263 shares of the financial services provider’s stock worth $1,915,000 after buying an additional 35,562 shares during the period. Exane Derivatives boosted its holdings in shares of Outfront Media by 23.5% in the second quarter. Exane Derivatives now owns 8,331 shares of the financial services provider’s stock worth $215,000 after buying an additional 1,585 shares during the period. Finally, FMR LLC boosted its holdings in shares of Outfront Media by 9.9% in the first quarter. FMR LLC now owns 13,276,952 shares of the financial services provider’s stock worth $310,681,000 after buying an additional 1,200,483 shares during the period. 94.99% of the stock is currently owned by hedge funds and other institutional investors.
Outfront Media Company Profile
OUTFRONT leverages the power of technology, location and creativity to connect 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 is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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