OUTFRONT Media Inc. (NYSE:OUT - Free Report) - Equities research analysts at Barrington Research decreased their Q2 2024 EPS estimates for OUTFRONT Media in a research report issued on Tuesday, May 7th. Barrington Research analyst J. Goss now expects that the financial services provider will earn $0.43 per share for the quarter, down from their prior estimate of $0.46. 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 FY2025 earnings at $1.63 EPS.
A number of other research analysts also recently issued reports on the stock. StockNews.com upgraded shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. TheStreet raised OUTFRONT Media from a "d+" rating to a "c-" rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.75.
Read Our Latest Analysis on OUT
OUTFRONT Media Trading Down 0.5 %
OUT traded down $0.07 during mid-day trading on Friday, reaching $15.10. The stock had a trading volume of 1,035,873 shares, compared to its average volume of 1,993,069. 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 has a 52 week low of $8.18 and a 52 week high of $17.02. The stock has a market capitalization of $2.50 billion, a P/E ratio of -5.68, a P/E/G ratio of 0.98 and a beta of 1.87. The firm's fifty day simple moving average is $15.79 and its two-hundred day simple moving average is $13.88.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Schnieders Capital Management LLC lifted its position in OUTFRONT Media by 5.3% in the 1st quarter. Schnieders Capital Management LLC now owns 16,000 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 800 shares in the last quarter. Allworth Financial LP raised 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 during the period. Gabelli Funds LLC lifted its holdings in shares of OUTFRONT Media by 1.1% in the fourth quarter. Gabelli Funds LLC now owns 88,500 shares of the financial services provider's stock valued at $1,235,000 after purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of OUTFRONT Media by 55.7% during the third quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider's stock worth $44,000 after buying an additional 1,547 shares during the period. Finally, Texas Permanent School Fund Corp boosted its position in shares of OUTFRONT Media by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 126,815 shares of the financial services provider's stock worth $2,129,000 after buying an additional 1,712 shares during the period.
OUTFRONT Media Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Friday, June 7th. OUTFRONT Media's payout ratio is presently -45.11%.
About OUTFRONT Media
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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.
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