OUTFRONT Media Inc. (OUT) to Issue Quarterly Dividend of $0.30 on March 31st

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Friday, March 6th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, March 6th.

OUTFRONT Media has increased its dividend by an average of 0.0%annually over the last three years. OUTFRONT Media has a payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OUTFRONT Media to earn $1.72 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 69.8%.

OUTFRONT Media Trading Up 6.5%

OUT opened at $28.60 on Friday. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79. OUTFRONT Media has a one year low of $12.95 and a one year high of $28.67. The company has a market cap of $4.78 billion, a P/E ratio of 35.75, a PEG ratio of 1.34 and a beta of 1.56. The business’s 50-day simple moving average is $24.98 and its 200-day simple moving average is $21.52.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.16). The business had revenue of $513.30 million during the quarter, compared to analyst estimates of $511.61 million. OUTFRONT Media had a net margin of 8.03% and a return on equity of 26.68%. As a group, equities research analysts expect that OUTFRONT Media will post 1.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OUT has been the subject of several recent analyst reports. Zacks Research upgraded shares of OUTFRONT Media from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Morgan Stanley raised shares of OUTFRONT Media from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $20.00 to $28.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised shares of OUTFRONT Media from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $19.00 to $25.00 in a research note on Wednesday, November 12th. Wall Street Zen raised OUTFRONT Media from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, TD Cowen lifted their price objective on OUTFRONT Media from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $25.71.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.