Clear Channel Outdoor (CCO) to Release Quarterly Earnings on Thursday

Clear Channel Outdoor (NYSE:CCO) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $337.70 million for the quarter.

Clear Channel Outdoor Stock Performance

Shares of NYSE CCO opened at $1.05 on Wednesday. The firm has a fifty day moving average of $1.11 and a 200 day moving average of $1.35. The firm has a market cap of $512.11 million, a PE ratio of -3.60 and a beta of 2.72. Clear Channel Outdoor has a one year low of $0.81 and a one year high of $1.88.

Insider Activity at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno bought 2,500,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $0.94 per share, with a total value of $2,350,000.00. Following the completion of the acquisition, the insider now directly owns 57,432,534 shares of the company’s stock, valued at $53,986,581.96. This represents a 4.55 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 7,267,256 shares of company stock valued at $6,980,873. 1.53% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Barrington Research downgraded shares of Clear Channel Outdoor from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 23rd.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.