Outfront Media Inc Expected to Earn Q1 2018 Earnings of $0.27 Per Share (OUT)

Outfront Media Inc (NYSE:OUT) – Equities researchers at Barrington Research decreased their Q1 2018 earnings per share (EPS) estimates for shares of Outfront Media in a report released on Wednesday. Barrington Research analyst J. Goss now anticipates that the financial services provider will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.33. Barrington Research also issued estimates for Outfront Media’s FY2020 earnings at $2.31 EPS.

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OUT has been the subject of a number of other research reports. ValuEngine cut shares of Outfront Media from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Wells Fargo & Co dropped their target price on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Finally, Zacks Investment Research upgraded shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Outfront Media presently has an average rating of “Hold” and a consensus price target of $26.50.

Shares of Outfront Media (OUT) opened at $19.26 on Friday. The stock has a market cap of $2,650.00, a PE ratio of 19.45, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.75. Outfront Media has a 1 year low of $18.92 and a 1 year high of $26.97.

Outfront Media (NYSE:OUT) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31). The firm had revenue of $401.30 million for the quarter, compared to analyst estimates of $404.74 million. Outfront Media had a return on equity of 10.31% and a net margin of 8.27%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 7.48%. The ex-dividend date is Thursday, March 8th. Outfront Media’s payout ratio is presently 145.45%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in Outfront Media by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,690,108 shares of the financial services provider’s stock valued at $385,664,000 after acquiring an additional 1,460,082 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in Outfront Media by 13.2% in the 4th quarter. Deprince Race & Zollo Inc. now owns 3,422,025 shares of the financial services provider’s stock valued at $79,391,000 after acquiring an additional 399,090 shares in the last quarter. Jackson Square Partners LLC increased its position in Outfront Media by 2.7% in the 4th quarter. Jackson Square Partners LLC now owns 3,342,680 shares of the financial services provider’s stock valued at $77,550,000 after acquiring an additional 88,798 shares in the last quarter. Macquarie Group Ltd. increased its position in Outfront Media by 309.2% in the 4th quarter. Macquarie Group Ltd. now owns 2,698,603 shares of the financial services provider’s stock valued at $62,608,000 after acquiring an additional 2,039,132 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its position in Outfront Media by 97.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,545,404 shares of the financial services provider’s stock valued at $64,093,000 after acquiring an additional 1,254,605 shares in the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

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About Outfront Media

OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.

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