Q3 2024 EPS Estimates for OUTFRONT Media Inc. (NYSE:OUT) Raised by Analyst

OUTFRONT Media Inc. (NYSE:OUT) – Barrington Research increased their Q3 2024 EPS estimates for OUTFRONT Media in a research note issued on Tuesday, May 7th. Barrington Research analyst J. Goss now forecasts that the financial services provider will post earnings per share of $0.42 for the quarter, up from their prior estimate of $0.40. Barrington Research currently has a “Outperform” rating and a $17.00 price target on the stock. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.54 per share. Barrington Research also issued estimates for OUTFRONT Media’s FY2024 earnings at $1.55 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS and Q4 2025 earnings at $0.58 EPS.

OUT has been the topic of several other reports. StockNews.com upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.75.

OUTFRONT Media Stock Performance

Shares of NYSE:OUT opened at $14.70 on Thursday. The firm has a fifty day simple moving average of $15.77 and a two-hundred day simple moving average of $13.87. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $17.02. The company has a quick ratio of 0.67, a current ratio of 0.58 and a debt-to-equity ratio of 5.08. The stock has a market capitalization of $2.44 billion, a P/E ratio of -5.53, a PEG ratio of 0.98 and a beta of 1.87.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Spire Wealth Management purchased a new stake in shares of OUTFRONT Media in the fourth quarter worth approximately $28,000. Versant Capital Management Inc grew its position in OUTFRONT Media by 1,369.2% in the 4th quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 2,177 shares during the last quarter. Riverview Trust Co bought a new position in OUTFRONT Media in the 1st quarter valued at $33,000. Allworth Financial LP increased its stake in OUTFRONT Media by 52.7% in the fourth quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 874 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of OUTFRONT Media by 55.7% during the third quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,547 shares during the last quarter.

OUTFRONT Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.16%. OUTFRONT Media’s dividend payout ratio is presently -45.11%.

About OUTFRONT Media

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.