Outfront Media Inc (OUT) Testing Investors’ Patience Right Now

Currently, there are 165.05M common shares owned by the public and among those 131.49M shares have been available to trade.

Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 64,062 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

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The company’s stock has a 5-day price change of 1.65% and 17.39% over the past three months. OUT shares are trading 5.87% year to date (YTD), with the 12-month market performance down to -15.11% lower. It has a 12-month low price of $8.18 and touched a high of $17.53 over the same period. OUT has an average intraday trading volume of 2.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.64%, 8.60%, and 15.16% respectively.

Institutional ownership of Outfront Media Inc (NYSE: OUT) shares accounts for 87.35% of the company’s 165.05M shares outstanding.

It has a market capitalization of $2.45B and a beta (3y monthly) value of 1.87. The earnings-per-share (ttm) stands at -$2.68. The company has a debt-to-equity ratio at 5.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.71% over the week and 3.51% over the month.

Analysts forecast that Outfront Media Inc (OUT) will achieve an EPS of -$0.11 for the current quarter, $0.23 for the next quarter and $0.76 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.19 a year ago. Earnings per share for the fiscal year are expected to increase by 125.49%, and 11.61% over the next financial year.

JP Morgan coverage for the Outfront Media Inc (OUT) stock in a research note released on August 04, 2023 offered a Neutral rating with a price target of $14. Wolfe Research was of a view on March 29, 2022 that the stock is Outperform, while Citigroup gave the stock Buy rating on September 25, 2020, issuing a price target of $17- $18. Morgan Stanley on their part issued Equal-Weight rating on April 20, 2020.

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