Key Points
- OUTFRONT Media EVP James Michael Norton bought 4,130 shares on June 11 at an average price of $30.81, totaling $127,245.30. The purchase left him with 4,130 shares, according to an SEC filing.
- The company recently reported Q1 earnings of $0.34 per share, beating analyst expectations of $0.28, while revenue came in at $429.6 million. Revenue was up 10% year over year, and analysts expect full-year EPS of 2.12.
- OUTFRONT Media announced a quarterly dividend of $0.30 per share, payable June 30, for an annualized yield of 3.9%. Analysts currently rate the stock a Moderate Buy with an average price target of $30.71.
OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) EVP James Michael Norton purchased 4,130 shares of OUTFRONT Media stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $30.81 per share, for a total transaction of $127,245.30. Following the completion of the acquisition, the executive vice president owned 4,130 shares in the company, valued at $127,245.30. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
OUTFRONT Media Stock Performance
Shares of NYSE OUT opened at $30.68 on Friday. The firm's fifty day moving average is $30.79 and its two-hundred day moving average is $27.22. OUTFRONT Media Inc. has a 52-week low of $15.45 and a 52-week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $5.40 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.43 and a beta of 1.49.
OUTFRONT Media (NYSE:OUT - Get Free Report) last posted its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million for the quarter, compared to the consensus estimate of $431.44 million. During the same period in the previous year, the firm posted $0.14 EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. As a group, analysts anticipate that OUTFRONT Media Inc. will post 2.12 EPS for the current fiscal year.
OUTFRONT Media Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $0.30 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. OUTFRONT Media's payout ratio is 114.29%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on OUT. Wall Street Zen upgraded shares of OUTFRONT Media from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. TD Cowen restated a "buy" rating and issued a $38.00 target price (up from $32.00) on shares of OUTFRONT Media in a report on Tuesday, May 12th. Morgan Stanley set a $37.00 target price on shares of OUTFRONT Media in a report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of OUTFRONT Media from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday, February 27th. Finally, Zacks Research downgraded shares of OUTFRONT Media from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.71.
Check Out Our Latest Analysis on OUT
Hedge Funds Weigh In On OUTFRONT Media
A number of large investors have recently made changes to their positions in OUT. AQR Capital Management LLC boosted its stake in shares of OUTFRONT Media by 9.3% during the 1st quarter. AQR Capital Management LLC now owns 130,411 shares of the financial services provider's stock worth $2,105,000 after purchasing an additional 11,073 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OUTFRONT Media by 2.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 85,971 shares of the financial services provider's stock worth $1,388,000 after purchasing an additional 1,739 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of OUTFRONT Media by 9.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,980,994 shares of the financial services provider's stock worth $80,393,000 after purchasing an additional 448,993 shares during the period. Empowered Funds LLC boosted its holdings in OUTFRONT Media by 12.4% during the 1st quarter. Empowered Funds LLC now owns 21,399 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 2,357 shares during the period. Finally, Woodline Partners LP grew its position in OUTFRONT Media by 45.6% in the 1st quarter. Woodline Partners LP now owns 36,888 shares of the financial services provider's stock valued at $595,000 after acquiring an additional 11,559 shares during 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.
See Also

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].