Outfront Media Inc (NYSE:OUT) shares were up 5.3% on Tuesday . The stock traded as high as $19.42 and last traded at $19.34. Approximately 899,558 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 1,160,592 shares. The stock had previously closed at $18.37.
Several research analysts have weighed in on OUT shares. Imperial Capital started coverage on Outfront Media in a research report on Thursday, September 13th. They issued an “inline” rating and a $22.00 target price on the stock. TheStreet raised Outfront Media from a “c+” rating to a “b-” rating in a research report on Monday, November 26th. Wolfe Research started coverage on Outfront Media in a research report on Friday, December 7th. They issued an “outperform” rating and a $25.00 target price on the stock. Zacks Investment Research raised Outfront Media from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday. Finally, ValuEngine raised Outfront Media from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Outfront Media has a consensus rating of “Hold” and an average price target of $23.50.
The company has a market capitalization of $2.61 billion, a PE ratio of 9.96, a PEG ratio of 1.15 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.92.
Outfront Media (NYSE:OUT) last released its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $414.20 million during the quarter, compared to the consensus estimate of $404.37 million. Outfront Media had a return on equity of 7.42% and a net margin of 5.54%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. On average, equities analysts expect that Outfront Media Inc will post 2.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Friday, December 7th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $1.44 annualized dividend and a dividend yield of 7.23%. Outfront Media’s dividend payout ratio (DPR) is presently 72.00%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gardner Russo & Gardner LLC boosted its stake in Outfront Media by 0.6% during the 3rd quarter. Gardner Russo & Gardner LLC now owns 457,996 shares of the financial services provider’s stock valued at $9,137,000 after purchasing an additional 2,610 shares during the period. Legal & General Group Plc boosted its stake in Outfront Media by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 140,001 shares of the financial services provider’s stock valued at $2,793,000 after purchasing an additional 3,873 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Outfront Media by 70.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,826 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 4,467 shares during the period. Harvey Capital Management Inc. boosted its stake in Outfront Media by 6.1% during the 3rd quarter. Harvey Capital Management Inc. now owns 78,875 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 4,500 shares during the period. Finally, Comerica Bank boosted its stake in Outfront Media by 2.0% during the 3rd quarter. Comerica Bank now owns 246,432 shares of the financial services provider’s stock valued at $4,534,000 after purchasing an additional 4,768 shares during the period. Institutional investors own 98.35% of the company’s stock.
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Outfront Media Company Profile (NYSE:OUT)
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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