OUTFRONT Media (NYSE:OUT) Posts Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• OUTFRONT Media’s quarterly EPS of $0.36 missed consensus by $0.03, while revenue of $511.1 million slightly topped estimates. Revenue grew 9%, and adjusted OIBDA rose 6% to $145 million.
• Management raised its 2026 AFFO growth outlook to approximately 25% and expects double-digit revenue growth for the full year, with Q4 transit revenue projected to grow more than 20%.
• Costs are increasing, including SG&A, which rose about 23%; the company expects combined SG&A and corporate expenses to grow at a high-teens rate in Q4. It maintained its quarterly dividend at $0.33 per share.

OUTFRONT Media (NYSE:OUT - Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.03), FiscalAI reports. The business had revenue of $511.10 million for the quarter, compared to the consensus estimate of $509.74 million. OUTFRONT Media had a net margin of 13.06% and a return on equity of 37.42%.

Here are the key takeaways from OUTFRONT Media's conference call:

• Q3 revenue rose 9%, led by 20% growth in transit and 6% growth in billboards; adjusted OIBDA increased 6% to $145 million. FIFA generated about $15 million in the quarter and $50 million overall, with management estimating roughly half was incremental.
• Outfront raised its 2026 AFFO growth outlook to approximately 25% and expects double-digit revenue growth for the full year. Management expects Q4 revenue growth to be double-digit, including transit growth above 20%.
• Expenses are rising alongside growth: billboard and transit expenses each increased about 10%, while SG&A rose approximately 23%. The company expects combined SG&A and corporate expenses to grow in the high teens in Q4, although management said more than half of the increase should be success-based.
• Digital revenue grew more than 14% and reached about 37% of total revenue; automated programmatic and digital-direct sales rose nearly 16%. The company is investing in sales technology, data, and AI tools, which executives expect to support future revenue growth and improve margins, though returns were not quantified.
• Net leverage was 3.9x, below the company’s 4–5x target range, and committed liquidity exceeded $600 million. Management said stronger cash flow and below-target leverage could support increased acquisition activity; the quarterly dividend was maintained at $0.33 per share.

OUTFRONT Media Price Performance

Shares of NYSE OUT traded down $1.27 during mid-day trading on Friday, reaching $30.73. 5,244,317 shares of the company were exchanged, compared to its average volume of 1,367,274. OUTFRONT Media has a 52 week low of $18.14 and a 52 week high of $34.96. The company's 50 day moving average price is $29.67 and its 200 day moving average price is $29.70. The stock has a market capitalization of $5.41 billion, a PE ratio of 13.21 and a beta of 1.56. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.50.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 4th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 4th. OUTFRONT Media's payout ratio is currently 94.96%.

OUTFRONT Media News Roundup

Here are the key news stories impacting OUTFRONT Media this week:

• Positive Sentiment: Revenue rose more than 9% year over year to $511.1 million, slightly exceeding analysts’ $509.74 million estimate. The company also reported adjusted OIBDA of $145.3 million and AFFO of $102.9 million. OUTFRONT Media Q3 2026 results
• Positive Sentiment: OUTFRONT declared a quarterly dividend of $0.33 per share, payable December 31. That equals $1.32 annualized, or a roughly 4.1% yield based on the cited report. Quarterly dividend announcement
• Negative Sentiment: Quarterly EPS of $0.36 missed the $0.39 consensus, while FFO of $0.58 per share also came in below the $0.59 estimate. These earnings-related shortfalls could overshadow the revenue growth. Q3 FFO estimate comparison

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OUT. Wall Street Zen lowered OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Saturday. TD Cowen reaffirmed a "buy" rating and issued a $40.00 price target (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Wells Fargo & Company lifted their price target on OUTFRONT Media from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Citigroup reissued a "buy" rating on shares of OUTFRONT Media in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. They issued an "overweight" rating and a $38.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.00.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 3,385 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $29.82, for a total transaction of $100,940.70. Following the sale, the executive vice president owned 10,420 shares in the company, valued at $310,724.40. This trade represents a 24.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matthew Siegel sold 25,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $27.84, for a total value of $696,000.00. Following the sale, the executive vice president owned 264,925 shares in the company, valued at $7,375,512. The trade was a 8.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by corporate insiders.

About OUTFRONT Media

OUTFRONT Media Inc NYSE: OUT is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.

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