OUTFRONT Media (NYSE:OUT) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS

OUTFRONT Media (NYSE:OUT) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20), Briefing.com reports. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The business had revenue of $451.90 million during the quarter, compared to analysts’ expectations of $456.38 million. During the same quarter in the prior year, the firm earned $0.46 EPS. OUTFRONT Media’s revenue for the quarter was down .6% on a year-over-year basis.

OUTFRONT Media Trading Up 2.0 %

OUT stock opened at $18.70 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.67 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 12-month low of $11.59 and a 12-month high of $19.33. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.20 and a beta of 1.94. The business’s 50-day moving average is $18.04 and its 200 day moving average is $16.10.

OUTFRONT Media Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 15th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. OUTFRONT Media’s payout ratio is 87.59%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on OUTFRONT Media in a research note on Thursday, September 19th. They issued an “overweight” rating and a $22.00 price target for the company. JPMorgan Chase & Co. lifted their price target on OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Wolfe Research lowered OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 24th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.00 price objective on shares of OUTFRONT Media in a report on Wednesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.25.

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.