Key Points
- Director Manuel Diaz sold 11,271 shares on Jan. 21 at an average price of $24.49 (≈$276,027), trimming his stake by 19.17% to 47,515 shares valued at about $1.16M, per the SEC filing.
- Q3 results showed a $0.29 EPS (miss vs. $0.50 est.) with revenue of $467.5M (slightly above estimates); the company pays a $0.30 quarterly dividend (4.7% yield) but has a high payout ratio of 176.47%.
- Analysts have turned more positive—six Buy ratings and a consensus price target of $24.57—with firms like Morgan Stanley and Wells Fargo raising targets to $28 and $27, respectively.
OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) Director Manuel Diaz sold 11,271 shares of the firm's stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $24.49, for a total value of $276,026.79. Following the completion of the transaction, the director owned 47,515 shares of the company's stock, valued at $1,163,642.35. The trade was a 19.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
OUTFRONT Media Price Performance
NYSE:OUT opened at $25.34 on Thursday. OUTFRONT Media Inc. has a 52-week low of $12.95 and a 52-week high of $25.48. The company has a market cap of $4.24 billion, a P/E ratio of 37.26, a P/E/G ratio of 1.24 and a beta of 1.57. The company has a debt-to-equity ratio of 4.75, a quick ratio of 0.79 and a current ratio of 0.79. The stock's 50-day simple moving average is $23.66 and its 200 day simple moving average is $20.11.
OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.21). The company had revenue of $467.50 million during the quarter, compared to the consensus estimate of $458.32 million. OUTFRONT Media had a net margin of 6.86% and a return on equity of 21.56%. The firm's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 earnings per share. As a group, sell-side analysts forecast that OUTFRONT Media Inc. will post 1.59 EPS for the current fiscal year.
OUTFRONT Media Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 4.7%. OUTFRONT Media's dividend payout ratio (DPR) is currently 176.47%.
Analysts Set New Price Targets
A number of analysts have commented on OUT shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $27.00 price target (up previously from $23.00) on shares of OUTFRONT Media in a research note on Thursday, December 18th. Wall Street Zen upgraded shares of OUTFRONT Media from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Morgan Stanley upgraded OUTFRONT Media from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $20.00 to $28.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. upgraded OUTFRONT Media from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $19.00 to $25.00 in a research note on Wednesday, November 12th. Finally, TD Cowen raised OUTFRONT Media from a "hold" rating to a "buy" rating in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $24.57.
Get Our Latest Analysis on OUTFRONT Media
Institutional Investors Weigh In On OUTFRONT Media
Several hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of OUTFRONT Media by 224.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 7,853 shares of the financial services provider's stock worth $189,000 after acquiring an additional 5,432 shares during the period. BTC Capital Management Inc. acquired a new stake in OUTFRONT Media during the 4th quarter worth approximately $3,625,000. Pensionfund Sabic bought a new stake in OUTFRONT Media in the 4th quarter valued at $526,000. Pensionfund PDN acquired a new position in OUTFRONT Media in the 4th quarter valued at $1,027,000. Finally, SG Americas Securities LLC grew its holdings in OUTFRONT Media by 2.6% in the 4th quarter. SG Americas Securities LLC now owns 37,532 shares of the financial services provider's stock valued at $905,000 after buying an additional 961 shares in the last quarter.
About OUTFRONT Media
(
Get Free Report)
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.
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