Q3 2024 EPS Estimates for OUTFRONT Media Inc. (NYSE:OUT) Lifted by Analyst

OUTFRONT Media Inc. (NYSE:OUT) – Equities researchers at Barrington Research raised their Q3 2024 earnings estimates for shares of OUTFRONT Media in a note issued to investors on Tuesday, May 7th. Barrington Research analyst J. Goss now anticipates that the financial services provider will post earnings of $0.42 per share for the quarter, up from their prior estimate of $0.40. Barrington Research currently has a “Outperform” rating and a $17.00 price target on the stock. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.54 per share. Barrington Research also issued estimates for OUTFRONT Media’s FY2024 earnings at $1.55 EPS, Q1 2025 earnings at $0.17 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.44 EPS and Q4 2025 earnings at $0.58 EPS.

Several other brokerages have also recently weighed in on OUT. TheStreet upgraded OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. StockNews.com raised OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.75.

OUTFRONT Media Trading Down 2.8 %

Shares of OUTFRONT Media stock opened at $14.70 on Thursday. The company has a debt-to-equity ratio of 5.08, a quick ratio of 0.67 and a current ratio of 0.58. The stock has a market capitalization of $2.44 billion, a P/E ratio of -5.53, a P/E/G ratio of 0.98 and a beta of 1.87. OUTFRONT Media has a 52-week low of $8.18 and a 52-week high of $17.02. The stock’s 50-day simple moving average is $15.77 and its 200 day simple moving average is $13.87.

OUTFRONT Media Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Friday, June 7th. OUTFRONT Media’s dividend payout ratio (DPR) is presently -45.11%.

Institutional Investors Weigh In On OUTFRONT Media

Institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in shares of OUTFRONT Media in the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its holdings in OUTFRONT Media by 1,369.2% in the fourth quarter. Versant Capital Management Inc now owns 2,336 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 2,177 shares in the last quarter. Riverview Trust Co purchased a new position in OUTFRONT Media during the 1st quarter valued at $33,000. Allworth Financial LP increased its position in OUTFRONT Media by 52.7% during the 4th quarter. Allworth Financial LP now owns 2,534 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 874 shares during the period. Finally, Fifth Third Bancorp raised its holdings in OUTFRONT Media by 55.7% in the 3rd quarter. Fifth Third Bancorp now owns 4,326 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,547 shares in the last quarter.

About OUTFRONT Media

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.