What is Barrington Research’s Forecast for CCO Q4 Earnings?

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) – Equities research analysts at Barrington Research decreased their Q4 2024 EPS estimates for Clear Channel Outdoor in a research note issued on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the business services provider will earn $0.04 per share for the quarter, down from their prior forecast of $0.07. Barrington Research has a “Outperform” rating and a $2.50 price objective on the stock. The consensus estimate for Clear Channel Outdoor’s current full-year earnings is ($0.29) per share. Barrington Research also issued estimates for Clear Channel Outdoor’s Q4 2025 earnings at $0.05 EPS.

Several other equities research analysts also recently issued reports on the company. Wells Fargo & Company downgraded Clear Channel Outdoor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $2.75 to $1.75 in a report on Thursday, September 19th. TD Cowen dropped their target price on Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating for the company in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.16.

Clear Channel Outdoor Stock Down 1.8 %

Shares of NYSE CCO opened at $1.60 on Wednesday. Clear Channel Outdoor has a 52-week low of $1.11 and a 52-week high of $2.06. The business’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.52. The firm has a market cap of $782.52 million, a price-to-earnings ratio of -5.52 and a beta of 3.08.

Clear Channel Outdoor (NYSE:CCO) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $558.54 million for the quarter, compared to analysts’ expectations of $563.75 million.

Insider Activity at Clear Channel Outdoor

In related news, major shareholder Arturo R. Moreno purchased 250,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average price of $1.45 per share, for a total transaction of $362,500.00. Following the acquisition, the insider now directly owns 52,182,534 shares in the company, valued at $75,664,674.30. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.53% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCO. Price T Rowe Associates Inc. MD raised its holdings in shares of Clear Channel Outdoor by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 322,600 shares of the business services provider’s stock valued at $534,000 after purchasing an additional 17,901 shares in the last quarter. XTX Topco Ltd raised its stake in Clear Channel Outdoor by 28.4% in the second quarter. XTX Topco Ltd now owns 81,188 shares of the business services provider’s stock valued at $114,000 after buying an additional 17,957 shares in the last quarter. Ground Swell Capital LLC acquired a new position in shares of Clear Channel Outdoor during the 3rd quarter worth about $34,000. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Clear Channel Outdoor in the 3rd quarter valued at about $34,000. Finally, Russell Investments Group Ltd. lifted its stake in Clear Channel Outdoor by 8.6% during the first quarter. Russell Investments Group Ltd. now owns 290,550 shares of the business services provider’s stock worth $479,000 after purchasing an additional 23,067 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

About Clear Channel Outdoor

Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.