OUTFRONT Media Inc. (OUT) To Go Ex-Dividend on September 6th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Investors of record on Friday, September 6th will be paid a dividend of 0.30 per share by the financial services provider on Friday, September 27th. This represents a $1.20 annualized dividend and a yield of 7.22%. The ex-dividend date of this dividend is Friday, September 6th.

OUTFRONT Media has raised its dividend payment by an average of 46.7% per year over the last three years. OUTFRONT Media has a dividend payout ratio of 148.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Stock Performance

NYSE OUT opened at $16.62 on Wednesday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -6.25, a PEG ratio of 1.11 and a beta of 1.92. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.71. OUTFRONT Media has a 1-year low of $8.18 and a 1-year high of $17.27. The company has a 50 day moving average of $15.47 and a 200-day moving average of $15.20.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. The business had revenue of $477.30 million during the quarter, compared to analysts’ expectations of $482.27 million. OUTFRONT Media had a return on equity of 37.83% and a net margin of 12.32%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. On average, equities analysts forecast that OUTFRONT Media will post 1.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OUT has been the topic of several recent research reports. Barrington Research raised their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. StockNews.com upgraded OUTFRONT Media from a “hold” rating to a “buy” rating in a report on Friday, August 30th. TD Cowen started coverage on OUTFRONT Media in a report on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.00.

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.