OUTFRONT Media Inc. (NYSE:OUT) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of OUTFRONT Media Inc. (NYSE:OUT) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $30.7143.

A number of research firms have recently issued reports on OUT. TD Cowen restated a “buy” rating and set a $38.00 price target (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Zacks Research lowered shares of OUTFRONT Media from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Wall Street Zen lowered shares of OUTFRONT Media from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 17th. Barrington Research set a $38.00 price target on shares of OUTFRONT Media in a report on Tuesday, May 12th. Finally, Morgan Stanley set a $37.00 price objective on shares of OUTFRONT Media in a research report on Friday, May 8th.

OUTFRONT Media Stock Down 2.1%

OUT stock opened at $32.67 on Thursday. OUTFRONT Media has a 52-week low of $15.45 and a 52-week high of $34.96. The company’s 50 day simple moving average is $29.78 and its 200-day simple moving average is $26.47. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $5.75 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.60 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The business had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that OUTFRONT Media will post 2.08 EPS for the current year.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. OUTFRONT Media’s payout ratio is presently 114.29%.

Insider Buying and Selling

In related news, Director Manuel A. Diaz sold 11,271 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $26.93, for a total transaction of $303,528.03. Following the transaction, the director directly owned 36,244 shares of the company’s stock, valued at approximately $976,050.92. The trade was a 23.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matthew Siegel sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $25.79, for a total transaction of $1,289,500.00. Following the transaction, the executive vice president directly owned 289,925 shares in the company, valued at $7,477,165.75. The trade was a 14.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OUT. Advisory Services Network LLC purchased a new position in OUTFRONT Media during the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its position in OUTFRONT Media by 74.2% during 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 in the last quarter. Farther Finance Advisors LLC grew its position 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 worth $56,000 after acquiring an additional 1,431 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in OUTFRONT Media in the fourth quarter worth approximately $71,000. Finally, IFP Advisors Inc grew its position in OUTFRONT Media by 16.5% in the third quarter. IFP Advisors Inc now owns 4,107 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 582 shares in the last quarter.

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.