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

Shares of OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.00.

OUT has been the subject of several research analyst reports. Barrington Research restated an "outperform" rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Tuesday. Morgan Stanley boosted their target price 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. Wells Fargo & Company reaffirmed an "overweight" rating on shares of OUTFRONT Media in a research report on Sunday, July 20th. Citigroup reaffirmed a "buy" rating and set a $19.00 target price (up from $17.00) on shares of OUTFRONT Media in a research report on Thursday, May 29th. Finally, Wall Street Zen raised OUTFRONT Media from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th.

Insider Activity

In related news, major shareholder Pep Viii Gp Llc sold 8,400,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 8,913,813 shares in the company, valued at $160,983,462.78. This represents a 48.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Emilio Bonanni sold 4,126 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 4,170 shares of the company's stock, valued at approximately $80,814.60. The trade was a 49.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.

Hedge Funds Weigh In On OUTFRONT Media

A number of hedge funds have recently modified their holdings of OUT. Osaic Holdings Inc. increased its holdings in OUTFRONT Media by 45.4% during the 2nd quarter. Osaic Holdings Inc. now owns 9,126 shares of the financial services provider's stock valued at $149,000 after purchasing an additional 2,851 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new stake in shares of OUTFRONT Media in the 2nd quarter valued at about $295,000. Squarepoint Ops LLC raised its stake in shares of OUTFRONT Media by 6.1% in the 2nd quarter. Squarepoint Ops LLC now owns 110,979 shares of the financial services provider's stock valued at $1,811,000 after purchasing an additional 6,416 shares during the period. State of Wyoming increased its position in OUTFRONT Media by 155.5% during the second quarter. State of Wyoming now owns 7,973 shares of the financial services provider's stock worth $130,000 after buying an additional 4,853 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of OUTFRONT Media by 8.2% in the second quarter. Public Sector Pension Investment Board now owns 472,787 shares of the financial services provider's stock valued at $7,716,000 after purchasing an additional 35,847 shares during the last quarter.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded up $0.11 during trading on Friday, reaching $18.91. The stock had a trading volume of 190,097 shares, compared to its average volume of 1,586,638. OUTFRONT Media has a one year low of $12.95 and a one year high of $19.80. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $3.16 billion, a PE ratio of 32.35, a P/E/G ratio of 1.09 and a beta of 1.87. The firm's 50 day moving average price is $18.31 and its two-hundred day moving average price is $16.73.

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

OUTFRONT Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, September 5th. 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.