OUTFRONT Media Inc. (NYSE:OUT) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• OUTFRONT Media Inc. has a consensus rating of "Moderate Buy" from six analysts, with an average price target of $19.00.
• The company reported $0.51 earnings per share for the last quarter, exceeding analysts' expectations, although its revenue declined 3.6% compared to the previous year.
• OUTFRONT Media declared a quarterly dividend of $0.30 per share, yielding approximately 6.9%, although its dividend payout ratio is notably high at 206.90%.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.00.

A number of research analysts have recently issued reports on OUT shares. Wells Fargo & Company reiterated an "overweight" rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Barrington Research reiterated an "outperform" rating and set a $21.00 target price on shares of OUTFRONT Media in a research report on Tuesday, September 23rd. Morgan Stanley upped their price objective on OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $17.48 on Wednesday. The stock has a market capitalization of $2.92 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.84. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.60. The stock's 50-day moving average price is $18.36 and its 200 day moving average price is $16.91. OUTFRONT Media has a 52-week low of $12.95 and a 52-week high of $19.80.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $460.20 million for the quarter, compared to analyst estimates of $463.16 million. OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. As a group, equities research analysts forecast that OUTFRONT Media will post 1.59 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.9%. OUTFRONT Media's dividend payout ratio is 206.90%.

Insiders Place Their Bets

In other OUTFRONT Media news, EVP Mark Emilio Bonanni sold 4,126 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $19.38, for a total transaction of $79,961.88. Following the transaction, the executive vice president directly owned 4,170 shares in the company, valued at approximately $80,814.60. This represents a 49.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the company's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $18.06, for a total transaction of $151,704,000.00. Following the transaction, the insider owned 8,913,813 shares in the company, valued at $160,983,462.78. The trade was a 48.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Institutional Trading of OUTFRONT Media

Several large investors have recently bought and sold shares of OUT. Advisors Capital Management LLC acquired a new stake in OUTFRONT Media in the first quarter valued at $22,330,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in OUTFRONT Media in the 1st quarter valued at about $14,177,000. Ameriprise Financial Inc. grew its stake in OUTFRONT Media by 85.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider's stock valued at $29,192,000 after acquiring an additional 822,845 shares during the last quarter. Lasalle Investment Management Securities LLC grew its stake in OUTFRONT Media by 24.0% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 3,925,402 shares of the financial services provider's stock valued at $64,063,000 after acquiring an additional 758,952 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new stake in shares of OUTFRONT Media in the first quarter valued at approximately $11,388,000.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.

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