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

OUTFRONT Media (NYSE:OUT) posted 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 net margin of 13.30% and a return on equity of 40.33%.

OUTFRONT Media Price Performance

OUT traded up $0.11 on Tuesday, reaching $18.33. 2,296,545 shares of the company’s stock were exchanged, compared to its average volume of 1,638,221. The stock has a market cap of $2.97 billion, a PE ratio of 13.07, a P/E/G ratio of 1.06 and a beta of 1.97. The stock’s fifty day moving average price is $18.43 and its 200-day moving average price is $18.38. OUTFRONT Media has a twelve month low of $13.35 and a twelve month 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.

OUTFRONT Media Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a report on Wednesday, November 13th. StockNews.com lowered OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Morgan Stanley increased their price target on OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, OUTFRONT Media currently 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.