OUTFRONT Media (NYSE:OUT) Announces Earnings Results, Beats Expectations By $0.06 EPS

OUTFRONT Media (NYSE:OUT) announced its earnings results on Tuesday. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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%. The business had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $490.42 million.

OUTFRONT Media Trading Up 0.4 %

Shares of OUTFRONT Media stock opened at $18.37 on Thursday. OUTFRONT Media has a 52-week low of $13.35 and a 52-week high of $19.50. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company’s 50-day simple moving average is $18.42 and its 200-day simple moving average is $18.40. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97.

OUTFRONT Media Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.53%. OUTFRONT Media’s dividend payout ratio (DPR) is 65.71%.

Wall Street Analyst Weigh In

OUT has been the subject of a number of research reports. Morgan Stanley upped their target price 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. Barrington Research reaffirmed an “outperform” rating and issued a $21.53 target price 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Company Profile

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.