OUTFRONT Media (NYSE:OUT) Shares Gap Down to $16.81

OUTFRONT Media Inc. (NYSE:OUT)’s share price gapped down before the market opened on Friday . The stock had previously closed at $16.81, but opened at $16.46. OUTFRONT Media shares last traded at $16.70, with a volume of 50,144 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OUT. Barrington Research lifted their target price on OUTFRONT Media from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. StockNews.com raised shares of OUTFRONT Media from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. TD Cowen began coverage on shares of OUTFRONT Media in a research report on Tuesday, July 16th. They set a “hold” rating and a $16.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of OUTFRONT Media from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.00.

OUTFRONT Media Stock Performance

The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $2.69 billion, a PE ratio of -6.32, a P/E/G ratio of 1.11 and a beta of 1.92. The company’s fifty day simple moving average is $15.59 and its 200 day simple moving average is $15.23.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, August 6th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.60. OUTFRONT Media had a net margin of 12.32% and a return on equity of 37.83%. The company had revenue of $477.30 million for the quarter, compared to analysts’ expectations of $482.27 million. During the same period in the prior year, the company posted $0.47 EPS. OUTFRONT Media’s revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts expect that OUTFRONT Media Inc. will post 1.53 EPS for the current fiscal year.

OUTFRONT Media Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Friday, September 6th. OUTFRONT Media’s payout ratio is currently -45.11%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of OUTFRONT Media by 258.8% in the second quarter. Quarry LP now owns 1,837 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,325 shares in the last quarter. Spire Wealth Management purchased a new stake in OUTFRONT Media in the 4th quarter worth approximately $28,000. National Bank of Canada FI bought a new position in OUTFRONT Media in the 2nd quarter valued at $28,000. Riverview Trust Co purchased a new position in shares of OUTFRONT Media during the 1st quarter valued at $33,000. Finally, Quest Partners LLC increased its holdings in shares of OUTFRONT Media by 30.0% in the second quarter. Quest Partners LLC now owns 4,311 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 994 shares during the period.

OUTFRONT Media Company Profile

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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.