Zacks: Analysts Expect Outfront Media Inc (OUT) to Announce $0.67 EPS
Equities research analysts expect Outfront Media Inc (NYSE:OUT) to post earnings of $0.67 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Outfront Media’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.69. Outfront Media posted earnings of $0.60 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The business is expected to issue its next earnings results on Tuesday, February 26th.
On average, analysts expect that Outfront Media will report full year earnings of $2.09 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.13. For the next financial year, analysts forecast that the business will post earnings of $2.20 per share, with EPS estimates ranging from $2.13 to $2.34. Zacks’ EPS averages are an average based on a survey of research analysts that follow Outfront Media.
Outfront Media (NYSE:OUT) last posted its quarterly earnings results on Monday, November 5th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. Outfront Media had a net margin of 5.54% and a return on equity of 7.42%. The company had revenue of $414.20 million during the quarter, compared to analyst estimates of $404.37 million. During the same period in the prior year, the business posted $0.36 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year.
NYSE:OUT traded up $0.39 during midday trading on Friday, reaching $20.82. 250,810 shares of the stock traded hands, compared to its average volume of 1,328,152. Outfront Media has a 12 month low of $17.27 and a 12 month high of $24.44. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $2.95 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.38 and a beta of 1.14.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 7th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Thursday, December 6th. Outfront Media’s payout ratio is currently 72.00%.
A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of Outfront Media by 58.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 815,002 shares of the financial services provider’s stock worth $15,854,000 after buying an additional 302,143 shares during the period. Mackay Shields LLC grew its position in shares of Outfront Media by 72.7% in the 2nd quarter. Mackay Shields LLC now owns 154,444 shares of the financial services provider’s stock worth $3,004,000 after buying an additional 65,027 shares during the period. Carillon Tower Advisers Inc. grew its position in shares of Outfront Media by 6.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 914,306 shares of the financial services provider’s stock worth $17,783,000 after buying an additional 51,375 shares during the period. LSV Asset Management grew its position in shares of Outfront Media by 6.5% in the 2nd quarter. LSV Asset Management now owns 436,638 shares of the financial services provider’s stock worth $8,492,000 after buying an additional 26,600 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Outfront Media by 0.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,187,081 shares of the financial services provider’s stock worth $81,439,000 after buying an additional 18,477 shares during the period. 97.81% of the stock is currently owned by institutional investors and hedge funds.
About Outfront Media
OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.
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