Outfront Media Inc (NYSE:OUT) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.36 per share by the financial services provider on Tuesday, December 31st. This represents a $1.44 annualized dividend and a yield of 5.81%. The ex-dividend date is Thursday, December 5th.
NYSE:OUT opened at $24.79 on Tuesday. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.36 and a beta of 1.02. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 0.71. Outfront Media has a 1 year low of $16.81 and a 1 year high of $28.42. The business has a fifty day moving average of $25.87 and a 200-day moving average of $26.45.
Outfront Media (NYSE:OUT) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.35). The company had revenue of $462.50 million for the quarter, compared to the consensus estimate of $461.97 million. Outfront Media had a net margin of 8.72% and a return on equity of 13.54%. Outfront Media’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts predict that Outfront Media will post 2.19 EPS for the current year.
A number of research firms recently commented on OUT. Imperial Capital raised their price objective on shares of Outfront Media from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. ValuEngine cut Outfront Media from a “hold” rating to a “sell” rating in a research report on Friday, October 4th. Barrington Research reissued a “buy” rating and issued a $29.00 price objective on shares of Outfront Media in a research note on Monday, November 11th. Finally, Zacks Investment Research cut Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 target price for the company. in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.23.
Outfront Media Company Profile
OUTFRONT leverages the power of technology, location and creativity to connect 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 is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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