Zacks Research Forecasts OUTFRONT Media FY2027 Earnings

OUTFRONT Media Inc. (NYSE:OUT) – Zacks Research issued their FY2027 EPS estimates for OUTFRONT Media in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department anticipates that the financial services provider will post earnings of $1.82 per share for the year. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.59 per share.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%.

Separately, Morgan Stanley upped their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Stock Down 1.4 %

Shares of NYSE OUT opened at $16.27 on Thursday. The stock has a market cap of $2.72 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.06 and a beta of 2.00. The firm has a 50 day moving average price of $18.09 and a 200 day moving average price of $18.44. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media has a 52-week low of $13.15 and a 52-week high of $19.98.

OUTFRONT Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Friday, March 7th. OUTFRONT Media’s payout ratio is 81.63%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in OUTFRONT Media by 132.5% during the fourth quarter. FMR LLC now owns 15,604,202 shares of the financial services provider’s stock worth $276,819,000 after purchasing an additional 8,892,411 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in OUTFRONT Media by 87.8% during the fourth quarter. Cohen & Steers Inc. now owns 5,243,211 shares of the financial services provider’s stock worth $93,015,000 after purchasing an additional 2,450,632 shares during the last quarter. Wellington Management Group LLP boosted its holdings in OUTFRONT Media by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 4,115,268 shares of the financial services provider’s stock worth $73,005,000 after purchasing an additional 342,413 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in OUTFRONT Media by 2.1% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,146,553 shares of the financial services provider’s stock worth $55,820,000 after purchasing an additional 64,072 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in OUTFRONT Media by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,054,331 shares of the financial services provider’s stock worth $54,184,000 after acquiring an additional 15,455 shares in the last quarter.

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.