In yesterday’s Wall Street session, OUTFRONT Media Inc. (NYSE:OUT) shares traded at $10.20, down -3.68% from the previous session.
6 analysts cover OUTFRONT Media Inc. (NYSE:OUT), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $18.00 and a low of $14.00, we find $15.00. Given the previous closing price of $10.59, this indicates a potential upside of 41.64 percent. OUT stock price is now -19.75% away from the 50-day moving average and -34.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.69B.
The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $15.60 as their price target over the next twelve months.
In other news, Punter Clive A., EVP and Chief Revenue Officer bought 9,000 shares of the company’s stock on Aug 18. The stock was bought for $100,080 at an average price of $11.12. Upon completion of the transaction, the EVP and Chief Revenue Officer now directly owns 174,647 shares in the company, valued at $1.78 million. Insiders disposed of 349,806 shares of company stock worth roughly $3.57 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 DIGITALBRIDGE GROUP, INC. during the first quarter worth $14,297,000. GRANITE INVESTMENT PARTNERS, LLC invested $12,297,000 in shares of OUT during the first quarter. In the first quarter, GCM GROSVENOR HOLDINGS, LLC acquired a new stake in OUTFRONT Media Inc. valued at approximately $6,997,000. ADVISORS CAPITAL MANAGEMENT, LLC acquired a new stake in OUT for approximately $4,924,000. PRELUDE CAPITAL MANAGEMENT, LLC purchased a new stake in OUT valued at around $1,770,000 in the second quarter.
On Thursday morning OUTFRONT Media Inc. (NYSE: OUT) stock kicked off with the opening price of $10.44. During the past 12 months, OUTFRONT Media Inc. has had a low of $10.34 and a high of $21.65. As of last week, the company has a debt-to-equity ratio of 4.46, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for OUT is $12.59 and a two-hundred day moving average price translates $15.56 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 -$2.92, missing analysts’ expectations of $0.24 by -3.16. This compares to $0.29 EPS in the same period last year. The net profit margin was -23.00% and return on equity was -39.80% for OUT. The company reported revenue of $468.8 million for the quarter, compared to $450.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.13 percent. For the current quarter, analysts expect OUT to generate $466.87M 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 11.76% 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 145.29%.
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.
