OUTFRONT Media Inc. (NYSE:OUT) Plans Quarterly Dividend of $0.30

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.27%.

OUTFRONT Media has increased its dividend by an average of 59.4% annually over the last three years.

OUTFRONT Media Stock Performance

OUT stock traded up $0.83 during midday trading on Wednesday, reaching $19.12. 193,588 shares of the company’s stock traded hands, compared to its average volume of 1,596,379. The firm has a market capitalization of $3.10 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. The company has a 50-day moving average price of $18.42 and a two-hundred day moving average price of $18.40. OUTFRONT Media has a 52 week low of $13.35 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The company had revenue of $493.20 million for the quarter, compared to analyst estimates of $490.42 million. As a group, equities analysts anticipate that OUTFRONT Media will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

OUT has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $21.53 price target on shares of OUTFRONT Media in a report on Wednesday, November 13th. Morgan Stanley raised their price objective on OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.48.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.