Outfront Media (NYSE:OUT) issued its quarterly earnings data on Tuesday. The financial services provider reported ($0.52) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.46) by ($0.06), MarketWatch Earnings reports. The business had revenue of $259.20 million during the quarter, compared to the consensus estimate of $272.23 million. Outfront Media had a negative return on equity of 1.94% and a negative net margin of 1.46%. Outfront Media’s quarterly revenue was down 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.04 earnings per share.
Shares of NYSE OUT traded up $0.25 during mid-day trading on Tuesday, hitting $24.80. 2,158,806 shares of the stock traded hands, compared to its average volume of 1,693,024. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.78 and a current ratio of 1.78. Outfront Media has a 52 week low of $11.02 and a 52 week high of $24.98. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -130.53, a PEG ratio of 1.50 and a beta of 1.78. The stock has a fifty day moving average price of $22.84 and a 200-day moving average price of $19.91.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Outfront Media from a “hold” rating to a “strong sell” rating and set a $18.00 price objective on the stock. in a research report on Thursday, March 4th. Oppenheimer lifted their price objective on Outfront Media from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 30th. Barrington Research lifted their price objective on Outfront Media from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, March 5th. Morgan Stanley lifted their price objective on Outfront Media from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Citigroup lifted their price objective on Outfront Media from $21.00 to $25.00 in a research report on Tuesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.14.
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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.
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