Clear Channel Outdoor (CCO) to Release Quarterly Earnings on Thursday

Clear Channel Outdoor (NYSE:CCO) will post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Clear Channel Outdoor to post earnings of ($0.18) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings results on Monday, February 26th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $632.11 million during the quarter, compared to the consensus estimate of $611.62 million. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, analysts expect Clear Channel Outdoor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clear Channel Outdoor Trading Up 2.3 %

NYSE:CCO opened at $1.57 on Wednesday. The firm has a market capitalization of $757.02 million, a PE ratio of -2.41 and a beta of 2.91. Clear Channel Outdoor has a 52 week low of $0.99 and a 52 week high of $2.06. The stock has a 50 day moving average of $1.59 and a 200-day moving average of $1.58.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCO. StockNews.com raised Clear Channel Outdoor from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Barrington Research restated an “outperform” rating and set a $2.50 price target on shares of Clear Channel Outdoor in a research report on Tuesday, February 27th. Finally, Morgan Stanley increased their price objective on shares of Clear Channel Outdoor from $1.50 to $2.00 and gave the company an “equal weight” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Clear Channel Outdoor presently has an average rating of “Hold” and an average price target of $2.16.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.