Clear Channel Outdoor (NYSE:CCO) Issues Earnings Results

Clear Channel Outdoor (NYSE:CCO - Get Free Report) released its quarterly earnings data on Thursday. The business services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.02, Zacks reports. The business had revenue of $334.18 million during the quarter, compared to analyst estimates of $337.70 million. Clear Channel Outdoor updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

Clear Channel Outdoor Trading Up 0.5 %

NYSE:CCO traded up $0.01 during mid-day trading on Tuesday, hitting $1.09. 968,877 shares of the company's stock were exchanged, compared to its average volume of 1,673,560. Clear Channel Outdoor has a fifty-two week low of $0.81 and a fifty-two week high of $1.88. The firm has a market capitalization of $531.71 million, a P/E ratio of -3.74 and a beta of 2.58. The company has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.33.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CCO shares. Morgan Stanley decreased their price target on shares of Clear Channel Outdoor from $2.00 to $1.50 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Barrington Research cut shares of Clear Channel Outdoor from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 23rd.

Insider Buying and Selling at Clear Channel Outdoor

In other Clear Channel Outdoor news, major shareholder Arturo R. Moreno purchased 2,500,000 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $0.97 per share, for a total transaction of $2,425,000.00. Following the completion of the acquisition, the insider now owns 54,932,534 shares in the company, valued at approximately $53,284,557.98. This trade represents a 4.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders acquired 7,676,201 shares of company stock worth $7,414,275. 7.70% of the stock is currently owned by company insiders.

Clear Channel Outdoor Company Profile

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.