Outfront Media (OUT) Set to Announce Earnings on Wednesday

Outfront Media (NYSE:OUTGet Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Outfront Media to post earnings of $0.45 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Outfront Media (NYSE:OUTGet Rating) last released its quarterly earnings results on Monday, May 2nd. The financial services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.17). Outfront Media had a return on equity of 10.09% and a net margin of 6.54%. During the same period in the previous year, the firm earned ($0.17) EPS. On average, analysts expect Outfront Media to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Outfront Media Stock Performance

Shares of Outfront Media stock opened at $18.46 on Monday. The business has a 50-day moving average of $17.99 and a 200 day moving average of $22.95. Outfront Media has a 12 month low of $16.07 and a 12 month high of $29.36. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 0.97 and a beta of 1.71. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On Outfront Media

A number of hedge funds have recently bought and sold shares of OUT. Goldman Sachs Group Inc. raised its position in Outfront Media by 244.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,592,568 shares of the financial services provider’s stock valued at $102,137,000 after purchasing an additional 2,548,117 shares in the last quarter. Centersquare Investment Management LLC raised its position in Outfront Media by 37.3% in the 1st quarter. Centersquare Investment Management LLC now owns 2,716,268 shares of the financial services provider’s stock valued at $77,224,000 after purchasing an additional 737,670 shares in the last quarter. Invesco Ltd. raised its position in shares of Outfront Media by 23.8% during the 1st quarter. Invesco Ltd. now owns 3,788,625 shares of the financial services provider’s stock worth $107,710,000 after acquiring an additional 728,105 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Outfront Media during the 1st quarter worth about $19,094,000. Finally, BlackRock Inc. raised its position in shares of Outfront Media by 3.2% during the 1st quarter. BlackRock Inc. now owns 19,931,847 shares of the financial services provider’s stock worth $566,663,000 after acquiring an additional 610,565 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts recently commented on OUT shares. Morgan Stanley lowered their target price on Outfront Media from $33.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, June 10th. Citigroup lowered their target price on Outfront Media from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, July 7th.

About Outfront Media

(Get Rating)

Outfront Media Inc 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 Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.

See Also

Earnings History for Outfront Media (NYSE:OUT)

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