OUTFRONT Media Inc. Plans Special Dividend of $0.75 (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT) declared a special dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.75 per share by the financial services provider on Tuesday, December 31st. The ex-dividend date of this dividend is Friday, November 15th.

OUTFRONT Media has raised its dividend payment by an average of 46.7% annually over the last three years. OUTFRONT Media has a payout ratio of 144.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OUTFRONT Media to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 73.2%.

OUTFRONT Media Trading Up 2.7 %

NYSE:OUT traded up $0.49 during trading hours on Wednesday, reaching $18.82. 102,347 shares of the company were exchanged, compared to its average volume of 1,753,115. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.18 and a beta of 1.94. OUTFRONT Media has a 52-week low of $11.59 and a 52-week high of $19.33. The stock has a 50 day simple moving average of $18.01 and a 200 day simple moving average of $16.08.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The business had revenue of $451.90 million during the quarter, compared to analyst estimates of $456.38 million. During the same period in the previous year, the company earned $0.46 EPS. OUTFRONT Media’s revenue was down .6% on a year-over-year basis. As a group, analysts predict that OUTFRONT Media will post 1.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OUT. Barrington Research raised their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. TD Cowen began coverage on shares of OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Wolfe Research lowered shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on shares of OUTFRONT Media in a report on Thursday, September 19th. They set an “overweight” rating and a $22.00 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.50.

OUTFRONT Media Company Profile

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.