Outfront Media Inc (NYSE:OUT) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.36 per share by the financial services provider on Tuesday, December 31st. This represents a $1.44 annualized dividend and a yield of 5.81%. The ex-dividend date is Thursday, December 5th.
NYSE OUT opened at $24.79 on Tuesday. The company has a market capitalization of $3.59 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 0.71. Outfront Media has a 52-week low of $16.81 and a 52-week high of $28.42. The company has a 50-day simple moving average of $25.87 and a 200 day simple moving average of $26.45.
Outfront Media (NYSE:OUT) last released its earnings results on Monday, November 4th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.35). Outfront Media had a net margin of 8.72% and a return on equity of 13.54%. The company had revenue of $462.50 million during the quarter, compared to analysts’ expectations of $461.97 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Outfront Media will post 2.19 EPS for the current fiscal year.
OUT has been the topic of a number of research reports. Imperial Capital lifted their price target on shares of Outfront Media from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Zacks Investment Research lowered Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 price objective for the company. in a report on Wednesday, November 20th. Barrington Research reissued a “buy” rating and issued a $29.00 target price on shares of Outfront Media in a research report on Monday, November 11th. Finally, ValuEngine lowered Outfront Media from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.23.
About Outfront Media
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 ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.
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