Equities analysts predict that Outfront Media Inc (NYSE:OUT) will announce sales of $404.74 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Outfront Media’s earnings, with estimates ranging from $403.18 million to $406.30 million. Outfront Media reported sales of $397.40 million in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The business is expected to report its next earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Outfront Media will report full year sales of $404.74 million for the current fiscal year, with estimates ranging from $1.52 billion to $1.53 billion. For the next fiscal year, analysts expect that the firm will report sales of $1.57 billion per share, with estimates ranging from $1.55 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Outfront Media.
Several brokerages recently weighed in on OUT. Zacks Investment Research cut shares of Outfront Media from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Wednesday, January 10th. Wells Fargo & Co reduced their price target on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.50.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend is Thursday, March 8th. Outfront Media’s payout ratio is 171.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of OUT. Fuller & Thaler Asset Management Inc. boosted its stake in Outfront Media by 57.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 6,000 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Outfront Media by 45.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,324 shares during the period. Cadence Capital Management LLC purchased a new position in Outfront Media during the third quarter worth $205,000. Parametrica Management Ltd purchased a new position in Outfront Media during the third quarter worth $227,000. Finally, Chicago Equity Partners LLC purchased a new position in Outfront Media during the fourth quarter worth $235,000. 98.56% of the stock is owned by institutional investors.
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Outfront Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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