Outfront Media Inc Declares Quarterly Dividend of $0.36 (NYSE:OUT)

Outfront Media Inc (NYSE:OUT) declared a quarterly dividend on Tuesday, October 22nd, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.36 per share by the financial services provider on Tuesday, December 31st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Thursday, December 5th.

Outfront Media stock opened at $24.79 on Tuesday. The business has a 50 day simple moving average of $25.87 and a 200 day simple moving average of $26.45. The company has a debt-to-equity ratio of 3.06, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $3.59 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. Outfront Media has a one year low of $16.81 and a one year high of $28.42.

Outfront Media (NYSE:OUT) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.35). Outfront Media had a return on equity of 13.54% and a net margin of 8.72%. The company had revenue of $462.50 million for the quarter, compared to analyst estimates of $461.97 million. During the same quarter in the prior year, the company earned $0.61 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Outfront Media will post 2.19 earnings per share for the current fiscal year.

A number of research firms recently issued reports on OUT. Imperial Capital lifted their price target on Outfront Media from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Zacks Investment Research cut Outfront Media from a “hold” rating to a “sell” rating and set a $27.00 price target on the stock. in a report on Wednesday, November 20th. Barrington Research restated a “buy” rating and set a $29.00 target price on shares of Outfront Media in a research report on Monday, November 11th. Finally, ValuEngine downgraded shares of Outfront Media from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.23.

About Outfront Media

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.

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Dividend History for Outfront Media (NYSE:OUT)

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