OUTFRONT Media (NYSE:OUT) Sets New 12-Month High - Here's What Happened

Key Points

• OUTFRONT Media shares hit a new 52-week high of $31.85 (last trade $31.63) as several analysts raised price targets, leaving a consensus rating of Moderate Buy with an average target of $27.86.
• The company reported Q4 EPS of $0.55, missing estimates by $0.16 while revenue of $513.3M was roughly in line; key metrics include a PE of ~39.6 and a debt-to-equity of 3.63.
• OUTFRONT pays a $0.30 quarterly dividend (a 3.8% yield) but carries a ~150% payout ratio, and insiders have recently sold shares (EVP Matthew Siegel sold 50,000 shares), leaving insider ownership at 0.47%.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as $31.85 and last traded at $31.6310, with a volume of 488 shares changing hands. The stock had previously closed at $31.71.

Wall Street Analyst Weigh In

OUT has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on OUTFRONT Media from $27.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, February 27th. Barrington Research boosted their target price on OUTFRONT Media from $27.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 2nd. TD Cowen boosted their target price on OUTFRONT Media from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Finally, Zacks Research downgraded OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, OUTFRONT Media has a consensus rating of "Moderate Buy" and an average target price of $27.86.

OUTFRONT Media Stock Down 0.4%

The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $5.56 billion, a PE ratio of 39.56, a P/E/G ratio of 1.53 and a beta of 1.50. The business has a 50-day moving average of $28.15 and a 200 day moving average of $24.70.

OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.16). The firm had revenue of $513.30 million during the quarter, compared to analysts' expectations of $511.61 million. OUTFRONT Media had a return on equity of 24.86% and a net margin of 8.03%. Equities research analysts predict that OUTFRONT Media Inc. will post 2.07 earnings per share for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, March 6th. OUTFRONT Media's payout ratio is presently 150.00%.

Insider Activity at OUTFRONT Media

In other OUTFRONT Media news, EVP Matthew Siegel sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the sale, the executive vice president directly owned 289,925 shares of the company's stock, valued at $7,477,165.75. The trade was a 14.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Manuel A. Diaz sold 11,271 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $26.93, for a total value of $303,528.03. Following the sale, the director directly owned 36,244 shares in the company, valued at $976,050.92. The trade was a 23.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On OUTFRONT Media

Several large investors have recently added to or reduced their stakes in OUT. Advisory Services Network LLC bought a new stake in OUTFRONT Media during the third quarter worth approximately $29,000. Farther Finance Advisors LLC increased its stake in OUTFRONT Media by 157.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,431 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in OUTFRONT Media during the fourth quarter worth approximately $71,000. IFP Advisors Inc increased its stake in OUTFRONT Media by 16.5% during the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider's stock worth $78,000 after acquiring an additional 582 shares during the last quarter. Finally, State of Wyoming increased its stake 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 acquiring an additional 4,853 shares during the last quarter.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.

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