OUTFRONT Media Inc. (NYSE:OUT – Get Free Report) EVP Mark Emilio Bonanni sold 3,385 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $29.82, for a total value of $100,940.70. Following the transaction, the executive vice president owned 10,420 shares of the company’s stock, valued at $310,724.40. This trade represents a 24.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
OUTFRONT Media Trading Down 1.4%
OUT opened at $29.00 on Friday. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50 day moving average price is $31.47 and its 200-day moving average price is $30.26. OUTFRONT Media Inc. has a one year low of $16.97 and a one year high of $34.96. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 20.86 and a beta of 1.48.
OUTFRONT Media (NYSE:OUT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.30. The firm had revenue of $522.50 million during the quarter, compared to analyst estimates of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%.OUTFRONT Media’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. On average, equities analysts forecast that OUTFRONT Media Inc. will post 2.18 EPS for the current year.
OUTFRONT Media Increases Dividend
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Morgan Stanley set a $37.00 price target on shares of OUTFRONT Media in a research note on Friday, May 8th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $38.00 price objective on shares of OUTFRONT Media in a research report on Wednesday, July 22nd. TD Cowen restated a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of OUTFRONT Media in a research note on Thursday, August 6th. Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, OUTFRONT Media currently has an average rating of “Moderate Buy” and a consensus price target of $34.00.
Read Our Latest Stock Report on OUT
Institutional Trading of OUTFRONT Media
A number of institutional investors have recently modified their holdings of OUT. Corient Private Wealth LP raised its stake in shares of OUTFRONT Media by 831.4% during the 2nd quarter. Corient Private Wealth LP now owns 131,416 shares of the financial services provider’s stock worth $4,305,000 after acquiring an additional 117,306 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in OUTFRONT Media in the second quarter valued at approximately $822,000. California State Teachers Retirement System grew its holdings in OUTFRONT Media by 3,193.4% in the second quarter. California State Teachers Retirement System now owns 5,838,225 shares of the financial services provider’s stock worth $178,212,000 after purchasing an additional 5,660,956 shares during the last quarter. AlphaGrep UK Ltd purchased a new position in OUTFRONT Media in the second quarter worth $264,000. Finally, TOP Private Wealth LLC. acquired a new position in shares of OUTFRONT Media during the second quarter worth $72,000.
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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