Clear Channel Outdoor (CCO) Expected to Announce Quarterly Earnings on Monday

Clear Channel Outdoor (NYSE:CCO) will likely be announcing its earnings results before the market opens on Monday, February 24th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $642.07 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Clear Channel Outdoor Stock Performance

Clear Channel Outdoor stock opened at $1.37 on Friday. Clear Channel Outdoor has a 52 week low of $1.29 and a 52 week high of $2.06. The firm has a market cap of $667.59 million, a P/E ratio of -4.71 and a beta of 3.03. The business’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.50.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCO. TD Cowen cut their price objective on Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a research report on Friday, November 1st. Barrington Research reissued an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a report on Thursday, October 31st.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.