OUTFRONT Media (OUT) Set to Announce Quarterly Earnings on Tuesday

OUTFRONT Media (NYSE:OUT) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect OUTFRONT Media to post earnings of $0.39 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The firm had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect OUTFRONT Media to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

OUTFRONT Media Price Performance

OUT opened at $17.77 on Friday. The company has a fifty day moving average price of $17.84 and a two-hundred day moving average price of $15.93. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $2.95 billion, a PE ratio of 13.99, a P/E/G ratio of 1.19 and a beta of 1.94. OUTFRONT Media has a 52 week low of $10.13 and a 52 week high of $19.33.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.75%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on OUT. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Barrington Research upped their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Wells Fargo & Company assumed coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.50.

OUTFRONT Media Company Profile

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.