OUTFRONT Media (NYSE:OUT) EVP Richard Sauer Sells 5,000 Shares

OUTFRONT Media Inc. (NYSE:OUT) EVP Richard Sauer sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president owned 56,947 shares in the company, valued at approximately $1,826,859.76. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

OUTFRONT Media Trading Down 1.9%

NYSE:OUT opened at $31.50 on Friday. OUTFRONT Media Inc. has a 52-week low of $15.90 and a 52-week high of $34.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.90. The stock has a fifty day simple moving average of $31.46 and a 200-day simple moving average of $27.80. The company has a market capitalization of $5.55 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. During the same period in the prior year, the company earned $0.14 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts expect that OUTFRONT Media Inc. will post 2.12 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $0.30 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.20 annualized dividend and a dividend yield of 3.8%. OUTFRONT Media’s dividend payout ratio is currently 114.29%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. TD Cowen reissued a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Zacks Research cut OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research report on Friday, May 8th. Finally, Wall Street Zen lowered OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, OUTFRONT Media has an average rating of “Moderate Buy” and an average target price of $30.71.

Hedge Funds Weigh In On OUTFRONT Media

Institutional investors and hedge funds have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co purchased a new stake in OUTFRONT Media in the 1st quarter worth approximately $244,000. NewEdge Advisors LLC lifted its stake in shares of OUTFRONT Media by 23.7% during the 1st quarter. NewEdge Advisors LLC now owns 19,766 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 3,789 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of OUTFRONT Media during the 1st quarter worth $401,000. Janus Henderson Group PLC boosted its holdings in shares of OUTFRONT Media by 8.1% during the first quarter. Janus Henderson Group PLC now owns 67,182 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 5,038 shares during the last quarter. Finally, Amundi grew its position in shares of OUTFRONT Media by 196.7% in the first quarter. Amundi now owns 51,366 shares of the financial services provider’s stock valued at $1,361,000 after purchasing an additional 34,052 shares during the period.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.