Outfront Media Inc. (NYSE:OUT) EVP Andrew Sriubas acquired 6,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $20.88 per share, with a total value of $125,280.00. Following the completion of the purchase, the executive vice president now owns 19,319 shares of the company’s stock, valued at $403,380.72. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Outfront Media Inc. (NYSE:OUT) opened at 22.74 on Wednesday. The company’s market capitalization is $3.14 billion. Outfront Media Inc. has a one year low of $18.01 and a one year high of $24.44. The firm’s 50-day moving average price is $22.19 and its 200 day moving average price is $22.28.
Outfront Media (NYSE:OUT) last released its earnings results on Thursday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.06. Outfront Media had a negative net margin of 1.74% and a negative return on equity of 2.13%. The business had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $380.11 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. Outfront Media’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts expect that Outfront Media Inc. will post $2.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.36 annualized dividend and a dividend yield of 5.98%. Outfront Media’s payout ratio is -679.97%.
Several institutional investors have recently added to or reduced their stakes in OUT. Royal Bank of Canada raised its position in Outfront Media by 4.6% in the first quarter. Royal Bank of Canada now owns 48,744 shares of the company’s stock valued at $1,028,000 after buying an additional 2,138 shares during the last quarter. Renaissance Technologies LLC raised its position in Outfront Media by 706.2% in the first quarter. Renaissance Technologies LLC now owns 1,709,100 shares of the company’s stock valued at $36,062,000 after buying an additional 1,497,100 shares during the last quarter. JPMorgan Chase & Co. raised its position in Outfront Media by 10.0% in the second quarter. JPMorgan Chase & Co. now owns 9,130,965 shares of the company’s stock valued at $220,695,000 after buying an additional 830,571 shares during the last quarter. Prudential Financial Inc. acquired a new position in Outfront Media during the first quarter valued at about $949,000. Finally, TIAA CREF Investment Management LLC raised its position in Outfront Media by 3.8% in the first quarter. TIAA CREF Investment Management LLC now owns 357,894 shares of the company’s stock valued at $7,552,000 after buying an additional 12,958 shares during the last quarter.
Several research firms have recently issued reports on OUT. Zacks Investment Research lowered Outfront Media from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Loop Capital began coverage on Outfront Media in a report on Monday, September 12th. They issued a “hold” rating and a $23.00 target price for the company. Wedbush began coverage on Outfront Media in a report on Thursday, July 21st. They issued a “neutral” rating and a $26.00 target price for the company. Gabelli began coverage on Outfront Media in a report on Friday, July 22nd. They issued a “hold” rating and a $29.00 target price for the company. Finally, TheStreet raised Outfront Media from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Outfront Media currently has an average rating of “Hold” and a consensus target price of $25.57.
Outfront Media Company Profile
OUTFRONT Media Inc, formerly CBS Outdoor Americas Inc, is a provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. It operates through two segments.
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