Barrington Research reaffirmed their buy rating on shares of Outfront Media (NYSE:OUT) in a research report report published on Monday, AnalystRatings.com reports. They currently have a $29.00 price target on the financial services provider’s stock. Barrington Research also issued estimates for Outfront Media’s Q1 2020 earnings at $0.29 EPS, Q2 2020 earnings at $0.68 EPS, Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $0.78 EPS and FY2021 earnings at $2.56 EPS.
“We are raising our price target by $4 to $29. We continue to like this story as a well-positioned major competitor in an industry sector undergoing a transformation that should increase its overall importance and attractiveness. Aside from the overall impact of digital, OUTFRONT has also won important transit contracts in San Francisco. Importantly, OUT provides an annual dividend rate of $1.44, creating a current yield of 5.8%, providing excellent total return.”,” the firm’s analyst wrote.
A number of other analysts also recently weighed in on the company. Citigroup downgraded Outfront Media from a buy rating to a neutral rating and set a $20.81 target price for the company. in a research report on Thursday, January 31st. Zacks Investment Research downgraded Outfront Media from a buy rating to a hold rating in a research report on Monday, January 28th. CIBC initiated coverage on Outfront Media in a research report on Friday, March 29th. They issued an outperform rating and a $30.00 price objective for the company. Finally, Oppenheimer initiated coverage on Outfront Media in a research report on Thursday, March 28th. They issued a buy rating and a $30.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Outfront Media has a consensus rating of Buy and a consensus target price of $26.09.
NYSE:OUT opened at $25.49 on Monday. The company has a market capitalization of $3.52 billion, a P/E ratio of 11.86, a PEG ratio of 1.47 and a beta of 1.25. Outfront Media has a 1-year low of $16.81 and a 1-year high of $25.93. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 3.07.
Outfront Media (NYSE:OUT) last released its earnings results on Tuesday, May 7th. The financial services provider reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.23). The firm had revenue of $371.70 million during the quarter, compared to the consensus estimate of $364.55 million. Outfront Media had a return on equity of 9.36% and a net margin of 6.40%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities analysts forecast that Outfront Media will post 2.29 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $0.36 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.44 annualized dividend and a yield of 5.65%. Outfront Media’s payout ratio is currently 66.98%.
In other Outfront Media news, CEO Jeremy J. Male sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $23.54, for a total value of $1,883,200.00. Following the completion of the sale, the chief executive officer now owns 392,703 shares in the company, valued at $9,244,228.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.
A number of hedge funds have recently made changes to their positions in OUT. LPL Financial LLC bought a new stake in Outfront Media in the third quarter valued at approximately $413,000. Legal & General Group Plc raised its holdings in shares of Outfront Media by 2.8% during the third quarter. Legal & General Group Plc now owns 140,001 shares of the financial services provider’s stock valued at $2,793,000 after acquiring an additional 3,873 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Outfront Media by 6.6% during the third quarter. Vanguard Group Inc now owns 19,594,607 shares of the financial services provider’s stock valued at $390,912,000 after acquiring an additional 1,216,208 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Outfront Media by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 60,138 shares of the financial services provider’s stock valued at $1,087,000 after acquiring an additional 1,065 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Outfront Media by 99.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 63,496 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 31,700 shares in the last quarter. Hedge funds and other institutional investors own 95.48% of the company’s stock.
Outfront Media Company Profile
OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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