Equities analysts forecast that OUTFRONT Media Inc. (NYSE:OUT) will announce $391.33 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for OUTFRONT Media’s earnings, with the lowest sales estimate coming in at $390.06 million and the highest estimate coming in at $392.60 million. OUTFRONT Media posted sales of $382.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The company is scheduled to report its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that OUTFRONT Media will report full-year sales of $391.33 million for the current financial year, with estimates ranging from $1.52 billion to $1.53 billion. For the next fiscal year, analysts expect that the company will report sales of $1.56 billion per share, with estimates ranging from $1.56 billion to $1.57 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for OUTFRONT Media.

Several equities research analysts have commented on the stock. BidaskClub downgraded shares of OUTFRONT Media from a “sell” rating to a “strong sell” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Monday, July 10th. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Loop Capital raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, June 5th. Finally, TheStreet downgraded shares of OUTFRONT Media from a “b-” rating to a “c” rating in a report on Friday, May 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.33.

OUTFRONT Media (NYSE:OUT) traded down 0.49% during mid-day trading on Friday, hitting $22.16. 591,868 shares of the stock were exchanged. The stock’s 50-day moving average is $22.83 and its 200 day moving average is $24.74. The company has a market capitalization of $3.07 billion, a PE ratio of 29.59 and a beta of 1.13. OUTFRONT Media has a 52 week low of $20.72 and a 52 week high of $27.89.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Thursday, September 7th. OUTFRONT Media’s dividend payout ratio is currently 189.48%.

Large investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its position in shares of OUTFRONT Media by 5.9% in the first quarter. Asset Management One Co. Ltd. now owns 3,785 shares of the financial services provider’s stock worth $100,000 after buying an additional 210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OUTFRONT Media by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,106 shares of the financial services provider’s stock worth $118,000 after buying an additional 478 shares during the last quarter. Pacad Investment Ltd. boosted its position in shares of OUTFRONT Media by 54.3% in the second quarter. Pacad Investment Ltd. now owns 5,400 shares of the financial services provider’s stock worth $125,000 after buying an additional 1,900 shares during the last quarter. Smithfield Trust Co. boosted its position in shares of OUTFRONT Media by 435.6% in the second quarter. Smithfield Trust Co. now owns 5,742 shares of the financial services provider’s stock worth $133,000 after buying an additional 4,670 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in shares of OUTFRONT Media by 47.5% in the first quarter. Quantbot Technologies LP now owns 6,419 shares of the financial services provider’s stock worth $170,000 after buying an additional 2,068 shares during the last quarter.

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About OUTFRONT Media

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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

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