Analysts expect that Outfront Media (NYSE:OUT) will announce $337.61 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Outfront Media’s earnings, with estimates ranging from $337.30 million to $337.91 million. Outfront Media posted sales of $330.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, May 2nd.
According to Zacks, analysts expect that Outfront Media will report full year sales of $1.56 billion for the current fiscal year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts forecast that the company will post sales of $1.62 billion per share, with estimates ranging from $1.61 billion to $1.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Outfront Media.
Outfront Media (NYSE:OUT) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.31). The business had revenue of $401.30 million during the quarter, compared to analyst estimates of $404.74 million. Outfront Media had a return on equity of 10.31% and a net margin of 8.27%.
A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Outfront Media by 45.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,430 shares of the financial services provider’s stock valued at $172,000 after buying an additional 2,324 shares during the last quarter. Keybank National Association OH increased its stake in Outfront Media by 4.7% in the 4th quarter. Keybank National Association OH now owns 54,908 shares of the financial services provider’s stock valued at $1,274,000 after buying an additional 2,470 shares during the last quarter. Swiss National Bank increased its stake in Outfront Media by 1.8% in the 4th quarter. Swiss National Bank now owns 236,154 shares of the financial services provider’s stock valued at $5,479,000 after buying an additional 4,200 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Outfront Media by 15.3% during the 4th quarter. Bank of Montreal Can now owns 41,796 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 5,535 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Outfront Media by 18.6% during the 3rd quarter. Stifel Financial Corp now owns 36,252 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 5,696 shares during the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.
NYSE:OUT opened at $18.67 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $2,570.93, a price-to-earnings ratio of 9.32, a PEG ratio of 1.59 and a beta of 1.09. Outfront Media has a 52 week low of $17.75 and a 52 week high of $26.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were paid a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $1.44 annualized dividend and a yield of 7.71%. Outfront Media’s dividend payout ratio (DPR) is 72.00%.
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Outfront Media Company Profile
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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