OUTFRONT Media (NYSE:OUT) Sets New 52-Week Low – What’s Next?

OUTFRONT Media Inc. (NYSE:OUT)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.14 and last traded at $13.25, with a volume of 238720 shares traded. The stock had previously closed at $13.95.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.48.

OUTFRONT Media Price Performance

The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.06 and a beta of 1.79. 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 50 day simple moving average of $17.58 and a 200 day simple moving average of $18.36.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The firm had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $490.42 million. As a group, research analysts predict that OUTFRONT Media Inc. will post 1.59 EPS for the current year.

OUTFRONT Media Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.30 per share. The ex-dividend date was Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 8.53%. OUTFRONT Media’s payout ratio is 81.63%.

Institutional Trading of OUTFRONT Media

Large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of OUTFRONT Media by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,005 shares of the financial services provider’s stock valued at $532,000 after buying an additional 558 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in OUTFRONT Media by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,237 shares of the financial services provider’s stock worth $199,000 after acquiring an additional 596 shares during the period. GAMMA Investing LLC grew its position in OUTFRONT Media by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 3,796 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 613 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of OUTFRONT Media by 4.1% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,993 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 629 shares during the period. Finally, Moody National Bank Trust Division lifted its position in shares of OUTFRONT Media by 4.0% during the fourth quarter. Moody National Bank Trust Division now owns 18,028 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 698 shares in the last quarter.

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.