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

OUTFRONT Media (NYSE:OUT) announced its earnings results on Tuesday. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 Stock Performance

OUTFRONT Media stock traded up $0.11 on Tuesday, hitting $18.33. The company’s stock had a trading volume of 2,296,670 shares, compared to its average volume of 1,638,224. OUTFRONT Media has a one year low of $13.35 and a one year high of $19.50. The firm has a market cap of $2.97 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.97. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a fifty day moving average price of $18.43 and a 200-day moving average price of $18.38.

OUTFRONT Media Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OUT. Barrington Research reissued an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Morgan Stanley upped their target price on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, StockNews.com lowered shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, OUTFRONT Media has an average rating of “Hold” and a consensus price target of $19.48.

About OUTFRONT Media

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.