OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is bullish: Seven brokerages give OUTFRONT Media a consensus “Moderate Buy” rating, with six buys and one hold. The average 12-month price target is $34, above the reported $29 share price.
• Quarterly results beat expectations: OUTFRONT reported earnings of $0.68 per share versus the $0.38 consensus estimate, while revenue rose 13.5% year over year to $522.5 million.
• The dividend increased: The quarterly payout rose from $0.30 to $0.33 per share, equating to an annualized dividend of $1.32 and a 4.6% yield.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.00.

Several equities analysts have recently commented on OUT shares. JPMorgan Chase & Co. restated an "overweight" rating and issued a $38.00 target price on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research report on Friday, May 8th. TD Cowen reissued a "buy" rating and issued a $40.00 price objective (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday, August 6th. Wells Fargo & Company boosted their price objective on shares of OUTFRONT Media from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Finally, Barrington Research set a $38.00 target price on OUTFRONT Media in a research note on Tuesday, May 12th.

OUTFRONT Media Stock Down 1.4%

Shares of NYSE OUT opened at $29.00 on Friday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.67 and a current ratio of 0.67. OUTFRONT Media has a 52 week low of $16.97 and a 52 week high of $34.96. The stock has a market capitalization of $5.11 billion, a P/E ratio of 20.86 and a beta of 1.48. The stock's fifty day moving average is $31.47 and its 200 day moving average is $30.26.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.30. The business had revenue of $522.50 million during the quarter, compared to analysts' expectations of $509.61 million. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. OUTFRONT Media's revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. Sell-side analysts forecast that OUTFRONT Media will post 2.18 earnings per share for the current fiscal year.

OUTFRONT Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.33 per share. This is an increase from OUTFRONT Media's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. OUTFRONT Media's payout ratio is presently 86.33%.

Insider Buying and Selling

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 3,385 shares of OUTFRONT Media stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total value of $100,940.70. Following the transaction, the executive vice president owned 10,420 shares in the company, valued at $310,724.40. The trade was a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard H. Sauer sold 5,000 shares of OUTFRONT Media stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the completion of the transaction, the executive vice president owned 56,947 shares in the company, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,385 shares of company stock worth $730,541 in the last ninety days. 0.45% of the stock is owned by insiders.

Institutional Investors Weigh In On OUTFRONT Media

Hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in OUTFRONT Media during the 3rd quarter worth approximately $29,000. Trust Co. of Vermont acquired a new stake in OUTFRONT Media in the second quarter valued at approximately $34,000. EverSource Wealth Advisors LLC boosted its position in OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider's stock valued at $43,000 after buying an additional 686 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock worth $56,000 after buying an additional 1,431 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of OUTFRONT Media during the fourth quarter worth $71,000.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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