OUTFRONT Media Inc. to Issue Quarterly Dividend of $0.30 (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Thursday, November 6th. Investors of record on Friday, December 5th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, December 5th.

OUTFRONT Media has increased its dividend payment by an average of 0.0%annually over the last three years. OUTFRONT Media has a payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect OUTFRONT Media to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 69.8%.

OUTFRONT Media Stock Up 13.4%

OUT stock traded up $2.36 during trading on Friday, reaching $19.98. The stock had a trading volume of 3,008,166 shares, compared to its average volume of 1,553,567. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.60. The firm has a fifty day moving average price of $18.16 and a 200 day moving average price of $17.28. The company has a market capitalization of $3.34 billion, a P/E ratio of 34.28, a PEG ratio of 1.03 and a beta of 1.82. OUTFRONT Media has a 1-year low of $12.95 and a 1-year high of $20.02.

OUTFRONT Media (NYSE:OUT) last announced its earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). OUTFRONT Media had a return on equity of 18.07% and a net margin of 5.99%.The business had revenue of $467.50 million for the quarter, compared to analysts’ expectations of $458.32 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OUT shares. Morgan Stanley upped their target price on OUTFRONT Media from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Barrington Research restated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Friday. Wells Fargo & Company reiterated an “overweight” rating on shares of OUTFRONT Media in a research note on Sunday, July 20th. Finally, Wall Street Zen raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.00.

About OUTFRONT Media

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.