OUTFRONT Media (NYSE:OUT) Issues Earnings Results

OUTFRONT Media (NYSE:OUT) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.06, Zacks reports. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%.

OUTFRONT Media Stock Performance

NYSE OUT traded up $0.11 on Tuesday, reaching $18.33. The stock had a trading volume of 2,296,545 shares, compared to its average volume of 1,638,221. The stock has a market cap of $2.97 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. The business’s 50-day moving average price is $18.43 and its 200 day moving average price is $18.38. The company has a debt-to-equity ratio of 4.00, a quick ratio of 0.65 and a current ratio of 0.65. OUTFRONT Media has a 12-month low of $13.35 and a 12-month high of $19.50.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.55%. OUTFRONT Media’s dividend payout ratio is presently 65.71%.

Analysts Set New Price Targets

Several equities analysts have recently commented on OUT shares. StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Monday, October 28th. Morgan Stanley raised their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media currently has a consensus rating of “Hold” and an average target price of $19.48.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.