OUTFRONT Media (NYSE:OUT – Get Free Report) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.30, Zacks reports. The firm had revenue of $522.50 million during the quarter, compared to the consensus estimate of $509.61 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 earnings per share.
Here are the key takeaways from OUTFRONT Media’s conference call:
- Second-quarter results exceeded expectations: revenue rose 14%, adjusted OIBDA increased 29% to $160 million, and AFFO grew 45% to $121 million, supported by strong transit and billboard demand.
- Transit revenue surged 32%, led by a 48% increase at New York’s MTA, while digital revenue grew more than 23% and programmatic and automated digital sales rose nearly 50%. The FIFA World Cup generated over $50 million in total revenue, including about $35 million in the quarter.
- Management expects third-quarter revenue to increase in the high-single digits, with transit up approximately 20% and billboard revenue growing at a mid-single-digit rate. Full-year reported AFFO growth is now expected in the low-20% range.
- Outfront expects SG&A growth to outpace revenue growth for the rest of 2026 as it invests in digital sales, data analytics, technology, training, and personnel, potentially pressuring near-term margins.
- The company will continue recognizing the MTA’s $161 million minimum annual guarantee as transit franchise expense on a straight-line basis, or roughly $40 million per quarter, rather than shifting costs into a fourth-quarter revenue-share structure.
OUTFRONT Media Stock Performance
Shares of OUT stock traded up $0.11 during midday trading on Wednesday, hitting $32.09. The company had a trading volume of 2,653,004 shares, compared to its average volume of 1,555,071. The company’s 50 day simple moving average is $32.10 and its 200 day simple moving average is $29.56. OUTFRONT Media has a 52-week low of $16.64 and a 52-week high of $34.96. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82.
OUTFRONT Media Dividend Announcement
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on OUT. Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research report on Friday, May 8th. Barrington Research set a $38.00 target price on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. TD Cowen reissued a “buy” rating and issued a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $38.00 price objective on shares of OUTFRONT Media in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, OUTFRONT Media presently has a consensus rating of “Moderate Buy” and an average target price of $32.57.
Read Our Latest Report on OUTFRONT Media
Insider Buying and Selling
In related news, EVP James Michael Norton purchased 4,130 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the purchase, the executive vice president directly owned 4,130 shares of the company’s stock, valued at $127,245.30. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard H. Sauer sold 5,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,000 shares of company stock worth $629,600. Corporate insiders own 0.45% of the company’s stock.
Hedge Funds Weigh In On OUTFRONT Media
A number of large investors have recently bought and sold shares of OUT. Balyasny Asset Management L.P. lifted its stake in shares of OUTFRONT Media by 226.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,310,195 shares of the financial services provider’s stock worth $55,676,000 after acquiring an additional 1,603,315 shares during the period. Ameriprise Financial Inc. increased its stake in shares of OUTFRONT Media by 85.2% during the second quarter. Ameriprise Financial Inc. now owns 1,788,695 shares of the financial services provider’s stock worth $29,192,000 after acquiring an additional 822,845 shares during the period. Woodline Partners LP purchased a new position in OUTFRONT Media during the third quarter worth about $13,705,000. Federated Hermes Inc. raised its holdings in OUTFRONT Media by 199.9% during the fourth quarter. Federated Hermes Inc. now owns 905,641 shares of the financial services provider’s stock worth $21,826,000 after purchasing an additional 603,694 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in OUTFRONT Media by 64.8% in the third quarter. Schonfeld Strategic Advisors LLC now owns 1,525,090 shares of the financial services provider’s stock valued at $27,940,000 after purchasing an additional 599,610 shares during the period.
OUTFRONT Media Company Profile
OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.
Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.
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