OUTFRONT Media Inc. (NYSE:OUT) shares traded -16.33% lower at $12.14 on Wall Street last session.
In accordance with the data, 6 analysts cover OUTFRONT Media Inc. (NYSE:OUT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $34.00 and a low of $14.00, we find $21.00. Given the previous closing price of $14.51, this indicates a potential upside of 44.73 percent. OUT stock price is now -20.19% away from the 50-day moving average and -27.05% away from the 200-day moving average. The market capitalization of the company currently stands at $2.39B.
It has been rated a hold by 3 analysts and a buy by 3. Brokers who have rated the stock have averaged $22.20 as their price target over the next twelve months.
Insiders disposed of 349,806 shares of company stock worth roughly $4.25 million over the past 1 year. A total of 0.98% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OUT stock. A new stake in OUTFRONT Media Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $21,576,000. RUBRIC CAPITAL MANAGEMENT LP invested $16,211,000 in shares of OUT during the first quarter. In the first quarter, ADVISORS CAPITAL MANAGEMENT, LLC acquired a new stake in OUTFRONT Media Inc. valued at approximately $5,860,000. SPX GESTAO DE RECURSOS LTDA acquired a new stake in OUT for approximately $4,781,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in OUT valued at around $4,082,000 in the second quarter. In total, there are 316 active investors with 105.32% ownership of the company’s stock.
OUTFRONT Media Inc. (NYSE: OUT) opened at $11.78 on Friday. During the past 12 months, OUTFRONT Media Inc. has had a low of $13.82 and a high of $21.65. As of last week, the company has a debt-to-equity ratio of 2.40, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $7.03B, which is based on a 18.15 price-to-earnings ratio, a 1.81 price-to-earnings-growth ratio, and a beta of 1.74. The fifty day moving average price for OUT is $15.16 and a two-hundred day moving average price translates $16.62 for the stock.
The latest earnings results from OUTFRONT Media Inc. (NYSE: OUT) was released for Jun, 2023. According to the REIT – Specialty Company, earnings per share came in at -$0.19, missing analysts’ expectations of -$0.12 by -0.07. This compares to $0.00 EPS in the same period last year. The net profit margin was 7.60% and return on equity was 11.30% for OUT. The company reported revenue of $395.8 million for the quarter, compared to $373.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.97 percent. For the current quarter, analysts expect OUT to generate $468.8M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/01/2023 were paid a $0.30 dividend. On an annualized basis, this represents a $1.20 dividend and a 9.88% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, OUT is presently at 72.80%.
OUTFRONT Media Inc.(OUT) 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.
