OUTFRONT Media Q2 EPS Forecast Decreased by Zacks Research

OUTFRONT Media Inc. (NYSE:OUTFree Report) – Research analysts at Zacks Research lowered their Q2 2028 earnings per share estimates for OUTFRONT Media in a research note issued to investors on Wednesday, August 26th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $0.58 for the quarter, down from their previous estimate of $0.61. The consensus estimate for OUTFRONT Media’s current full-year earnings is $2.15 per share.

A number of other research analysts have also issued reports on OUT. TD Cowen restated a “buy” rating and issued a $40.00 target price (up from $38.00) on shares of OUTFRONT Media in a report on Thursday, August 6th. Wall Street Zen downgraded shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. 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. Barrington Research set a $38.00 price objective on shares of OUTFRONT Media in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company raised their target price on shares of OUTFRONT Media from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Check Out Our Latest Analysis on OUTFRONT Media

OUTFRONT Media Trading Down 1.6%

OUTFRONT Media stock opened at $30.09 on Friday. The stock has a market cap of $5.30 billion, a PE ratio of 21.65 and a beta of 1.49. The stock has a 50-day moving average price of $31.76 and a 200 day moving average price of $30.13. OUTFRONT Media has a 52 week low of $16.97 and a 52 week high of $34.96. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50.

OUTFRONT Media (NYSE:OUTGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.30. The business had revenue of $522.50 million for the quarter, compared to the consensus estimate of $509.61 million. OUTFRONT Media had a return on equity of 37.44% and a net margin of 12.66%.The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share.

OUTFRONT Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $0.33 dividend. This is a positive change from OUTFRONT Media’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, September 4th. This represents a $1.32 annualized dividend and a yield of 4.4%. OUTFRONT Media’s dividend payout ratio (DPR) is presently 86.33%.

Insider Activity

In related news, EVP Richard H. Sauer sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were 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 trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Michael Norton bought 4,130 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the transaction, the executive vice president directly owned 4,130 shares of the company’s stock, valued at approximately $127,245.30. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 20,000 shares of company stock valued at $629,600 in the last 90 days. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On OUTFRONT Media

Several institutional investors and hedge funds have recently bought and sold shares of OUT. Trust Co. of Vermont acquired a new stake in shares of OUTFRONT Media during the 2nd quarter worth $34,000. Advisory Services Network LLC purchased a new position in OUTFRONT Media in the 3rd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of OUTFRONT Media by 74.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 686 shares during the period. TOP Private Wealth LLC. acquired a new stake in shares of OUTFRONT Media during the second quarter valued at about $72,000. Finally, Farther Finance Advisors LLC boosted its holdings in OUTFRONT Media by 157.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares during the last quarter.

About OUTFRONT Media

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for OUTFRONT Media (NYSE:OUT)

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