FY2024 EPS Estimate for OUTFRONT Media Decreased by Analyst

OUTFRONT Media Inc. (NYSE:OUT) – Research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for shares of OUTFRONT Media in a research report issued to clients and investors on Monday, January 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.56 for the year, down from their prior estimate of $1.60. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.60 per share. Zacks Research also issued estimates for OUTFRONT Media’s Q4 2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.11 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $1.71 EPS, Q1 2026 earnings at $0.27 EPS, Q2 2026 earnings at $0.51 EPS, Q3 2026 earnings at $0.46 EPS, Q4 2026 earnings at $0.62 EPS and FY2026 earnings at $1.85 EPS.

Several other analysts have also recently commented on OUT. Wolfe Research cut OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 24th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Barrington Research reiterated an “outperform” rating and issued a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Finally, Morgan Stanley increased their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Five research 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 company presently has an average rating of “Hold” and an average price target of $19.48.

OUTFRONT Media Trading Down 1.3 %

NYSE OUT opened at $18.57 on Thursday. The firm’s 50 day moving average price is $18.77 and its two-hundred day moving average price is $17.88. 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 has a twelve month low of $12.27 and a twelve month high of $19.50. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.08 and a beta of 1.96.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share.

OUTFRONT Media Cuts Dividend

The company also recently declared a special dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 15th were paid a dividend of $0.7688 per share. The ex-dividend date of this dividend was Friday, November 15th. OUTFRONT Media’s dividend payout ratio (DPR) is presently 87.68%.

Institutional Investors Weigh In On OUTFRONT Media

Several institutional investors have recently made changes to their positions in OUT. Quarry LP raised its position in OUTFRONT Media by 258.8% during the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,325 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in OUTFRONT Media in the third quarter worth approximately $32,000. Virtus Fund Advisers LLC acquired a new position in shares of OUTFRONT Media during the 3rd quarter worth $49,000. GAMMA Investing LLC raised its holdings in shares of OUTFRONT Media by 19.3% during the 4th quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 613 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of OUTFRONT Media in the 3rd quarter valued at $108,000.

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.