OUTFRONT Media Inc. (NYSE:OUT) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a positive view: OUTFRONT Media has a consensus “Moderate Buy” rating, with six buys and one hold among seven analysts. The average 12-month price target is $34.00, with some firms raising targets to $38–$40.
• Quarterly results exceeded expectations: The company reported $0.68 in earnings per share versus the $0.38 consensus estimate, while revenue rose 13.5% year over year to $522.5 million.
• Dividend increased: OUTFRONT raised its quarterly dividend from $0.30 to $0.33 per share, equivalent to an annualized $1.32 payout and a 4.7% yield.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.00.

Several research analysts have issued reports on the company. Wall Street Zen lowered OUTFRONT Media from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 26th. TD Cowen reiterated a "buy" rating and set 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 lifted their target price 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. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $38.00 target price on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Finally, Citigroup reissued a "buy" rating on shares of OUTFRONT Media in a research report on Tuesday, September 8th.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $27.96 on Wednesday. OUTFRONT Media has a 12 month low of $16.97 and a 12 month high of $34.96. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50. The stock has a market cap of $4.93 billion, a PE ratio of 20.12 and a beta of 1.48. The company's fifty day moving average price is $29.87 and its 200-day moving average price is $30.39.

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

OUTFRONT Media Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.32 annualized dividend and a yield of 4.7%. This is an increase from OUTFRONT Media's previous quarterly dividend of $0.30. OUTFRONT Media's dividend payout ratio is presently 94.96%.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 3,385 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $29.82, for a total value of $100,940.70. Following the completion of the transaction, the executive vice president directly owned 10,420 shares of the company's stock, valued at approximately $310,724.40. This trade represents a 24.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its holdings in OUTFRONT Media by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 51,648 shares of the financial services provider's stock worth $1,369,000 after buying an additional 351 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of OUTFRONT Media by 4.6% in the second quarter. GAMMA Investing LLC now owns 10,048 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 440 shares during the period. Convergence Investment Partners LLC lifted its position in shares of OUTFRONT Media by 0.7% during the 1st quarter. Convergence Investment Partners LLC now owns 78,004 shares of the financial services provider's stock worth $2,067,000 after purchasing an additional 537 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in OUTFRONT Media by 74.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider's stock worth $43,000 after purchasing an additional 686 shares during the last quarter. Finally, Abel Hall LLC increased its holdings in shares of OUTFRONT Media by 5.9% in the 1st quarter. Abel Hall LLC now owns 16,518 shares of the financial services provider's stock valued at $438,000 after acquiring an additional 926 shares during the period.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is an out-of-home (OOH) advertising company that provides brands and agencies with advertising space across physical and digital media. Its inventory includes billboards, digital displays, transit advertising, street furniture, and other media assets located in high-traffic areas.

The company's offerings include traditional static advertising, digital out-of-home campaigns, place-based media, and experiential marketing solutions. OUTFRONT also uses audience insights, location data, and technology to help advertisers plan, target, measure, and optimize campaigns across its media network.

OUTFRONT serves advertisers primarily in the United States and Canada, with media assets in major metropolitan markets and transportation systems.

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