Q4 EPS Estimates for OUTFRONT Media Cut by Zacks Research

OUTFRONT Media Inc. (NYSE:OUT) – Equities research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for shares of OUTFRONT Media in a research report issued on Tuesday, December 3rd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.58 for the quarter, down from their prior estimate of $0.61. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.56 per share. Zacks Research also issued estimates for OUTFRONT Media’s Q1 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.64 EPS, Q2 2026 earnings at $0.49 EPS and Q3 2026 earnings at $0.44 EPS.

A number of other equities research analysts have also issued reports on the company. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. Barrington Research reaffirmed an “outperform” rating and set a $21.00 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company assumed coverage on OUTFRONT Media in a research report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.25.

OUTFRONT Media Stock Down 0.9 %

Shares of OUTFRONT Media stock opened at $18.91 on Thursday. The business’s 50 day simple moving average is $18.53 and its 200 day simple moving average is $16.50. OUTFRONT Media has a 52-week low of $12.13 and a 52-week high of $19.50. The firm has a market cap of $3.14 billion, a PE ratio of 13.80, a P/E/G ratio of 1.22 and a beta of 1.96. 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 announced its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.20). OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same period in the prior year, the business posted $0.46 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of OUTFRONT Media by 13.6% during the 3rd quarter. FMR LLC now owns 6,711,791 shares of the financial services provider’s stock worth $123,363,000 after acquiring an additional 803,292 shares during the period. DigitalBridge Group Inc. boosted its stake in shares of OUTFRONT Media by 11.7% during the 2nd quarter. DigitalBridge Group Inc. now owns 3,126,062 shares of the financial services provider’s stock worth $44,703,000 after acquiring an additional 327,125 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of OUTFRONT Media by 10.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,137,548 shares of the financial services provider’s stock worth $30,567,000 after acquiring an additional 210,208 shares during the period. Land & Buildings Investment Management LLC bought a new position in shares of OUTFRONT Media during the 2nd quarter worth approximately $22,724,000. Finally, ZWJ Investment Counsel Inc. boosted its stake in shares of OUTFRONT Media by 2.7% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 1,446,420 shares of the financial services provider’s stock worth $26,585,000 after acquiring an additional 38,327 shares during the period.

OUTFRONT Media Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, November 15th. OUTFRONT Media’s dividend payout ratio is currently 87.59%.

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.