Equities research analysts expect Outfront Media Inc (NYSE:OUT) to report $239.83 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Outfront Media’s earnings. The highest sales estimate is $252.80 million and the lowest is $229.90 million. Outfront Media reported sales of $459.90 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 47.9%. The company is scheduled to announce its next quarterly earnings results on Monday, August 3rd.
On average, analysts expect that Outfront Media will report full-year sales of $1.37 billion for the current year, with estimates ranging from $1.31 billion to $1.42 billion. For the next financial year, analysts forecast that the company will post sales of $1.66 billion, with estimates ranging from $1.60 billion to $1.73 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Outfront Media.
Outfront Media (NYSE:OUT) last released its earnings results on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.17). The firm had revenue of $385.30 million during the quarter, compared to the consensus estimate of $377.40 million. Outfront Media had a net margin of 7.80% and a return on equity of 12.61%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 EPS.
Several equities analysts have recently weighed in on OUT shares. Barrington Research reissued a “buy” rating and set a $17.00 price target on shares of Outfront Media in a report on Friday, May 8th. Morgan Stanley raised their target price on Outfront Media from $13.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, June 22nd. Oppenheimer decreased their target price on Outfront Media from $36.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Citigroup raised their target price on Outfront Media from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. decreased their target price on Outfront Media from $26.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.00.
Shares of OUT opened at $13.71 on Friday. The business’s fifty day simple moving average is $15.29 and its two-hundred day simple moving average is $20.12. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 2.29 and a beta of 1.49. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.79. Outfront Media has a 12 month low of $7.07 and a 12 month high of $31.20.
A number of large investors have recently bought and sold shares of the business. Eminence Capital LP purchased a new position in shares of Outfront Media during the first quarter valued at about $48,961,000. ValueAct Holdings L.P. raised its stake in shares of Outfront Media by 820.3% during the first quarter. ValueAct Holdings L.P. now owns 3,427,200 shares of the financial services provider’s stock valued at $46,199,000 after acquiring an additional 3,054,800 shares in the last quarter. P2 Capital Partners LLC bought a new stake in shares of Outfront Media during the first quarter valued at approximately $30,375,000. Norges Bank bought a new stake in shares of Outfront Media during the fourth quarter valued at approximately $45,311,000. Finally, Macquarie Group Ltd. raised its stake in Outfront Media by 23.1% in the fourth quarter. Macquarie Group Ltd. now owns 4,648,611 shares of the financial services provider’s stock worth $124,676,000 after buying an additional 873,000 shares in the last quarter. 96.25% of the stock is currently owned by institutional investors and hedge funds.
About Outfront Media
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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