OUTFRONT Media (NYSE:OUT) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

OUTFRONT Media (NYSE:OUT) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06, Zacks reports. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%.

OUTFRONT Media Price Performance

Shares of OUT stock opened at $18.33 on Wednesday. The stock’s 50-day moving average is $18.42 and its 200 day moving average is $18.40. OUTFRONT Media has a 1-year low of $13.35 and a 1-year high of $19.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $2.97 billion, a P/E ratio of 13.07, a PEG ratio of 1.06 and a beta of 1.97.

OUTFRONT Media Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.55%. OUTFRONT Media’s payout ratio is 65.71%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OUT shares. Morgan Stanley upped their target price on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Barrington Research restated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.48.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.