Equities analysts expect that Outfront Media Inc. (REIT) (NYSE:OUT) will announce sales of $388.58 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Outfront Media’s earnings, with the lowest sales estimate coming in at $383.60 million and the highest estimate coming in at $394.45 million. Outfront Media posted sales of $282.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 37.6%. The business is scheduled to issue its next earnings report on Wednesday, November 3rd.
According to Zacks, analysts expect that Outfront Media will report full-year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.42 billion to $1.46 billion. For the next financial year, analysts forecast that the firm will post sales of $1.68 billion, with estimates ranging from $1.66 billion to $1.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Outfront Media.
Outfront Media (NYSE:OUT) last released its quarterly earnings data on Thursday, August 5th. The financial services provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.15). Outfront Media had a negative net margin of 6.39% and a negative return on equity of 8.11%.
Shares of OUT traded down $0.31 during mid-day trading on Friday, reaching $23.13. 27,309 shares of the stock traded hands, compared to its average volume of 1,670,055. The firm has a fifty day moving average price of $23.92 and a 200 day moving average price of $23.49. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -32.11, a price-to-earnings-growth ratio of 3.04 and a beta of 1.92. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 2.83. Outfront Media has a 1 year low of $12.88 and a 1 year high of $26.14.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Friday, September 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 2nd. Outfront Media’s dividend payout ratio (DPR) is 59.70%.
In other news, Director Peter Mathes sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $24.61, for a total transaction of $123,050.00. Following the sale, the director now owns 38,307 shares in the company, valued at $942,735.27. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeremy J. Male sold 40,000 shares of the stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $25.09, for a total transaction of $1,003,600.00. The disclosure for this sale can be found here. Insiders have sold 53,000 shares of company stock worth $1,326,730 in the last quarter. 0.71% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of OUT. BlackRock Inc. raised its holdings in shares of Outfront Media by 108.1% in the 1st quarter. BlackRock Inc. now owns 13,248,278 shares of the financial services provider’s stock valued at $289,212,000 after purchasing an additional 6,881,162 shares in the last quarter. ValueAct Holdings L.P. purchased a new stake in shares of Outfront Media in the 1st quarter valued at $3,437,000. Eagle Bay Advisors LLC purchased a new stake in shares of Outfront Media in the 2nd quarter valued at $46,000. Bank of Montreal Can lifted its stake in shares of Outfront Media by 63.0% in the 1st quarter. Bank of Montreal Can now owns 3,298 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,275 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Outfront Media by 37.0% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 162,015 shares of the financial services provider’s stock valued at $3,893,000 after purchasing an additional 43,795 shares during the period. 98.73% of the stock is owned by institutional investors and hedge funds.
Outfront Media Company Profile
OUTFRONT Media, Inc engages in the provision of leasing services of advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways and roadways; and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.
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