Q4 EPS Estimates for OUTFRONT Media Cut by Zacks Research

OUTFRONT Media Inc. (NYSE:OUT) – Analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for shares of OUTFRONT Media in a research report issued to clients and investors on Tuesday, December 3rd. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.58 per share for the quarter, down from their prior forecast of $0.61. The consensus estimate for OUTFRONT Media’s current full-year earnings is $1.56 per share. Zacks Research also issued estimates for OUTFRONT Media’s Q1 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.64 EPS, Q2 2026 earnings at $0.49 EPS and Q3 2026 earnings at $0.44 EPS.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, November 12th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.20). The firm had revenue of $451.90 million for the quarter, compared to analyst estimates of $456.38 million. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share.

Several other equities analysts also recently commented on the stock. Wolfe Research downgraded shares of OUTFRONT Media from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 24th. Barrington Research reiterated an “outperform” rating and issued a $21.00 price target on shares of OUTFRONT Media in a research note on Wednesday, November 13th. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company started coverage on OUTFRONT Media in a research report on Thursday, September 19th. They issued an “overweight” rating and a $22.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $19.25.

OUTFRONT Media Stock Up 0.2 %

OUT stock opened at $18.95 on Thursday. OUTFRONT Media has a 1-year low of $12.13 and a 1-year high of $19.50. The business’s 50 day simple moving average is $18.54 and its 200 day simple moving average is $16.53. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $3.15 billion, a PE ratio of 13.83, a PEG ratio of 1.22 and a beta of 1.96.

Institutional Trading of OUTFRONT Media

Several large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. boosted its holdings in shares of OUTFRONT Media by 39,437.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 196,896 shares of the financial services provider’s stock valued at $3,619,000 after purchasing an additional 196,398 shares in the last quarter. First Eagle Investment Management LLC grew its position in OUTFRONT Media by 48.5% in the second quarter. First Eagle Investment Management LLC now owns 711,491 shares of the financial services provider’s stock valued at $10,174,000 after acquiring an additional 232,300 shares during the last quarter. SG Americas Securities LLC raised its stake in OUTFRONT Media by 266.2% during the second quarter. SG Americas Securities LLC now owns 48,711 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 35,409 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of OUTFRONT Media by 30.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 650,000 shares of the financial services provider’s stock valued at $9,295,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in OUTFRONT Media during the 2nd quarter worth approximately $1,293,000.

OUTFRONT Media Cuts Dividend

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

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.