Clear Channel Outdoor (CCO) Projected to Post Earnings on Tuesday

Key Points

• Clear Channel Outdoor is scheduled to announce its Q2 2025 earnings on August 5th, with analysts predicting a loss of ($0.06) per share and revenue of $397.37 million.
• The company reported an earnings surprise in its last quarter, with actual earnings of ($0.11) per share, beating estimates by $0.02, despite lower revenue than expected.
• Major shareholder Arturo R. Moreno and CEO Scott Wells recently increased their stakes in the company, indicating insider confidence in its future performance.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Tuesday, August 5th. Analysts expect Clear Channel Outdoor to post earnings of ($0.06) per share and revenue of $397.37 million for the quarter.

Clear Channel Outdoor (NYSE:CCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.02. The business had revenue of $334.18 million for the quarter, compared to analysts' expectations of $337.70 million.

Clear Channel Outdoor Trading Down 4.2%

Shares of Clear Channel Outdoor stock traded down $0.05 during trading hours on Friday, reaching $1.02. 6,990,174 shares of the company's stock were exchanged, compared to its average volume of 1,889,901. Clear Channel Outdoor has a 52-week low of $0.81 and a 52-week high of $1.77. The firm has a market capitalization of $504.16 million, a price-to-earnings ratio of -16.91 and a beta of 2.65. The company has a fifty day moving average of $1.15 and a 200-day moving average of $1.18.

Insider Buying and Selling at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno purchased 1,000,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of $1.07 per share, for a total transaction of $1,070,000.00. Following the acquisition, the insider owned 65,612,859 shares in the company, valued at approximately $70,205,759.13. This trade represents a 1.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott Wells bought 50,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average price of $1.08 per share, with a total value of $54,000.00. Following the completion of the purchase, the chief executive officer directly owned 3,392,205 shares of the company's stock, valued at approximately $3,663,581.40. This represents a 1.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,811,897 shares of company stock valued at $1,952,178. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Clear Channel Outdoor

A hedge fund recently raised its stake in Clear Channel Outdoor stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Clear Channel Outdoor Holdings, Inc. (NYSE:CCO - Free Report) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,124 shares of the business services provider's stock after purchasing an additional 8,976 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Clear Channel Outdoor were worth $234,000 as of its most recent filing with the Securities and Exchange Commission. 85.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCO has been the subject of a number of research analyst reports. Morgan Stanley dropped their price objective on Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Barrington Research restated a "market perform" rating on shares of Clear Channel Outdoor in a report on Wednesday, July 23rd.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.