Barrington Research Brokers Lift Earnings Estimates for OUTFRONT Media Inc. (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT - Free Report) - Stock analysts at Barrington Research boosted their Q3 2024 earnings estimates for shares of OUTFRONT Media in a report released on Tuesday, May 7th. Barrington Research analyst J. Goss now forecasts that the financial services provider will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.40. Barrington Research currently has a "Outperform" rating and a $17.00 target price on the stock. The consensus estimate for OUTFRONT Media's current full-year earnings is $1.54 per share. Barrington Research also issued estimates for OUTFRONT Media's FY2024 earnings at $1.55 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS and Q4 2025 earnings at $0.58 EPS.

A number of other equities research analysts have also recently issued reports on OUT. StockNews.com raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. TheStreet raised shares of OUTFRONT Media from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, OUTFRONT Media has a consensus rating of "Hold" and a consensus target price of $14.75.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded up $0.48 during trading hours on Thursday, reaching $15.18. 2,481,414 shares of the stock were exchanged, compared to its average volume of 1,997,942. The stock's fifty day simple moving average is $15.79 and its 200 day simple moving average is $13.88. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -5.70, a P/E/G ratio of 0.98 and a beta of 1.87. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $17.02. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.67 and a current ratio of 0.58.

OUTFRONT Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 annualized dividend and a yield of 7.91%. OUTFRONT Media's dividend payout ratio is -45.11%.

Institutional Trading of OUTFRONT Media

Large investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of OUTFRONT Media during the 4th quarter worth $28,000. Versant Capital Management Inc raised its stake in OUTFRONT Media by 1,369.2% during the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider's stock worth $33,000 after acquiring an additional 2,177 shares in the last quarter. Riverview Trust Co bought a new position in shares of OUTFRONT Media in the first quarter worth about $33,000. Allworth Financial LP boosted its stake in shares of OUTFRONT Media by 52.7% in the 4th quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 874 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of OUTFRONT Media by 55.7% during the 3rd quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider's stock valued at $44,000 after purchasing an additional 1,547 shares during the last quarter.

About OUTFRONT Media

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.