Zacks Research Reduces Earnings Estimates for OUTFRONT Media

Key Points

• Zacks Research lowered OUTFRONT Media’s Q2 2028 EPS estimate to $0.58 from $0.61; the current full-year consensus estimate is $2.15 per share.
• OUTFRONT Media recently exceeded quarterly expectations, reporting $0.68 EPS versus the $0.38 consensus and $522.5 million in revenue, up 13.5% year over year.
• The company increased its quarterly dividend to $0.33, equivalent to $1.32 annually and a 4.4% yield. Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and a $34 average price target.

OUTFRONT Media Inc. (NYSE:OUT - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2028 earnings per share estimates for OUTFRONT Media in a report issued on Wednesday, August 26th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings of $0.58 per share for the quarter, down from their prior estimate of $0.61. The consensus estimate for OUTFRONT Media's current full-year earnings is $2.15 per share.

OUTFRONT Media (NYSE:OUT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.30. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The business had revenue of $522.50 million for the quarter, compared to analyst estimates of $509.61 million. During the same period last year, the firm posted $0.51 earnings per share. The company's revenue for the quarter was up 13.5% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen cut shares of OUTFRONT Media from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 26th. Barrington Research set a $38.00 price target on OUTFRONT Media in a report on Tuesday, May 12th. TD Cowen reaffirmed 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. Morgan Stanley set a $37.00 price objective on OUTFRONT Media in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. restated an "overweight" rating and set a $38.00 price target on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.00.

OUTFRONT Media Trading Down 1.6%

Shares of OUTFRONT Media stock opened at $30.09 on Friday. OUTFRONT Media has a 1 year low of $16.97 and a 1 year high of $34.96. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $5.30 billion, a P/E ratio of 21.65 and a beta of 1.49. The company's fifty day moving average is $31.76 and its two-hundred day moving average is $30.13.

Hedge Funds Weigh In On OUTFRONT Media

Several hedge funds and other institutional investors have recently bought and sold shares of OUT. Corient Private Wealth LP grew its holdings in OUTFRONT Media by 831.4% in the second quarter. Corient Private Wealth LP now owns 131,416 shares of the financial services provider's stock valued at $4,305,000 after purchasing an additional 117,306 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of OUTFRONT Media during the 2nd quarter worth $822,000. California State Teachers Retirement System raised its stake in shares of OUTFRONT Media by 3,193.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,838,225 shares of the financial services provider's stock worth $178,212,000 after buying an additional 5,660,956 shares during the last quarter. AlphaGrep UK Ltd purchased a new stake in shares of OUTFRONT Media in the 2nd quarter worth about $264,000. Finally, TOP Private Wealth LLC. purchased a new stake in shares of OUTFRONT Media in the 2nd quarter worth about $72,000.

Insider Transactions at OUTFRONT Media

In other OUTFRONT Media news, EVP Richard H. Sauer sold 5,000 shares of the 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 directly owned 56,947 shares of the company's stock, valued at approximately $1,826,859.76. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP James Michael Norton purchased 4,130 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the purchase, the executive vice president directly owned 4,130 shares in the company, valued at approximately $127,245.30. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 20,000 shares of company stock valued at $629,600 in the last quarter. Insiders own 0.45% of the company's stock.

OUTFRONT Media Increases Dividend

The business 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 $0.33 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from OUTFRONT Media's previous quarterly dividend of $0.30. OUTFRONT Media's payout ratio is 86.33%.

OUTFRONT Media Company Profile

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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