Clear Channel Outdoor (NYSE:CCO) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Clear Channel Outdoor (NYSE:CCO) issued its quarterly earnings data on Thursday. The business services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, Zacks reports. The company had revenue of $405.64 million for the quarter, compared to the consensus estimate of $402.03 million. Clear Channel Outdoor updated its Q4 2025 guidance to EPS.

Clear Channel Outdoor Price Performance

Shares of CCO stock traded up $0.10 during trading hours on Friday, reaching $1.88. 2,589,150 shares of the company traded hands, compared to its average volume of 2,760,732. The firm has a 50-day moving average price of $1.53 and a 200 day moving average price of $1.27. The company has a market cap of $931.90 million, a P/E ratio of 46.89 and a beta of 2.63. Clear Channel Outdoor has a 12-month low of $0.81 and a 12-month high of $2.03.

Insider Buying and Selling

In other Clear Channel Outdoor news, major shareholder Ares Management Llc sold 13,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $1.13, for a total transaction of $14,690,000.00. Following the sale, the insider owned 41,197,491 shares in the company, valued at approximately $46,553,164.83. This trade represents a 23.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On Clear Channel Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Clear Channel Outdoor by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 211,124 shares of the business services provider’s stock worth $234,000 after acquiring an additional 8,976 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Clear Channel Outdoor by 2.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 561,802 shares of the business services provider’s stock worth $657,000 after purchasing an additional 14,855 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Clear Channel Outdoor by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,775,078 shares of the business services provider’s stock valued at $7,927,000 after purchasing an additional 59,366 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Clear Channel Outdoor during the second quarter valued at about $111,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Clear Channel Outdoor by 140.5% in the second quarter. Engineers Gate Manager LP now owns 177,545 shares of the business services provider’s stock worth $208,000 after purchasing an additional 103,729 shares during the last quarter. Institutional investors own 85.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCO. Zacks Research upgraded shares of Clear Channel Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. TD Cowen lifted their price objective on Clear Channel Outdoor from $2.50 to $2.80 and gave the stock a “buy” rating in a report on Monday, October 20th. Morgan Stanley set a $1.75 target price on Clear Channel Outdoor in a research report on Wednesday, September 10th. Cowen reaffirmed a “buy” rating on shares of Clear Channel Outdoor in a research report on Monday, October 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Clear Channel Outdoor in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.33.

Clear Channel Outdoor Company Profile

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.