OUTFRONT Media Inc. (NYSE:OUT) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• OUTFRONT Media Inc. has received a consensus recommendation of "Moderate Buy," with three analysts rating it as a buy and three as hold, and a 12-month price target averaging $19.00.
• The company announced a quarterly dividend of $0.30 per share, representing an annual yield of 6.4%, with a payout ratio of 206.90%.
• OUTFRONT Media's recent earnings report showed a net margin of 5.99% and a quarterly revenue decrease of 3.6%, while EPS surpassed analysts' expectations at $0.51.

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $19.00.

Several equities analysts have recently commented on OUT shares. Citigroup reissued a "buy" rating and issued a $19.00 target price (up previously from $17.00) on shares of OUTFRONT Media in a report on Thursday, May 29th. Morgan Stanley boosted their target price on shares of OUTFRONT Media from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Wall Street Zen raised shares of OUTFRONT Media from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Wells Fargo & Company reissued an "overweight" rating on shares of OUTFRONT Media in a report on Sunday, July 20th. Finally, Barrington Research reissued an "outperform" rating and issued a $21.00 target price on shares of OUTFRONT Media in a report on Wednesday, August 6th.

Insider Transactions at OUTFRONT Media

In other news, EVP Richard H. Sauer sold 20,109 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $15.88, for a total value of $319,330.92. Following the sale, the executive vice president owned 70,836 shares of the company's stock, valued at approximately $1,124,875.68. This represents a 22.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. State of Wyoming grew its holdings in shares of OUTFRONT Media by 155.5% in the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock worth $130,000 after purchasing an additional 4,853 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in OUTFRONT Media by 8.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 472,787 shares of the financial services provider's stock worth $7,716,000 after acquiring an additional 35,847 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in OUTFRONT Media by 128.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 32,082 shares of the financial services provider's stock worth $524,000 after acquiring an additional 18,053 shares in the last quarter. Corient Private Wealth LLC grew its holdings in OUTFRONT Media by 0.8% during the 2nd quarter. Corient Private Wealth LLC now owns 122,290 shares of the financial services provider's stock worth $1,996,000 after acquiring an additional 962 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in OUTFRONT Media by 22.6% during the 2nd quarter. Select Equity Group L.P. now owns 596,322 shares of the financial services provider's stock worth $9,732,000 after acquiring an additional 109,816 shares in the last quarter.

OUTFRONT Media Stock Performance

Shares of NYSE OUT opened at $18.82 on Tuesday. The firm has a 50 day moving average of $17.47 and a 200 day moving average of $16.71. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.14 and a beta of 1.89. OUTFRONT Media has a 12-month low of $12.95 and a 12-month high of $19.80.

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

OUTFRONT Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a yield of 6.4%. OUTFRONT Media's dividend payout ratio is presently 206.90%.

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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