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

Key Points

• OUTFRONT Media Inc. has received a consensus rating of "Moderate Buy" from six analysts, with an average target price of $19.00.
• The company reported a 0.51 EPS for the last quarter, exceeding the consensus estimate, though revenue was down 3.6% year-over-year.
• A quarterly dividend of $0.30 per share will be paid on September 30th, yielding 6.4%, but the company's dividend payout ratio is high at 206.90%.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the stock, MarketBeat 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 target price among brokerages that have updated their coverage on the stock in the last year is $19.00.

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

OUTFRONT Media Price Performance

Shares of OUTFRONT Media stock traded down $0.11 on Friday, hitting $18.69. 2,386,905 shares of the company traded hands, compared to its average volume of 1,534,136. The business has a 50-day simple moving average of $18.30 and a 200 day simple moving average of $16.73. OUTFRONT Media has a 52 week low of $12.95 and a 52 week high of $19.80. The stock has a market capitalization of $3.13 billion, a P/E ratio of 31.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.87. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued 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. OUTFRONT Media had a net margin of 5.99% and a return on equity of 18.07%. The firm had revenue of $460.20 million during the quarter, compared to analyst estimates of $463.16 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The business's revenue was down 3.6% on a year-over-year basis. Research analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

OUTFRONT Media Dividend Announcement

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

Insider Buying and Selling at OUTFRONT Media

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OUT. Bank of America Corp DE increased its holdings in OUTFRONT Media by 28.2% during the 4th quarter. Bank of America Corp DE now owns 346,544 shares of the financial services provider's stock worth $6,148,000 after purchasing an additional 76,306 shares in the last quarter. Cetera Investment Advisers increased its stake in OUTFRONT Media by 28.4% in the fourth quarter. Cetera Investment Advisers now owns 19,046 shares of the financial services provider's stock valued at $338,000 after acquiring an additional 4,208 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of OUTFRONT Media during the fourth quarter worth $113,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OUTFRONT Media by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,232 shares of the financial services provider's stock worth $1,494,000 after purchasing an additional 3,209 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of OUTFRONT Media by 44.7% during the fourth quarter. ProShare Advisors LLC now owns 44,402 shares of the financial services provider's stock worth $788,000 after purchasing an additional 13,725 shares during the period.

OUTFRONT Media Company Profile

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.