OUTFRONT Media (OUT)
(Delayed Data from NYSE)
$14.83 USD
-0.04 (-0.27%)
Updated Apr 19, 2024 04:00 PM ET
After-Market: $14.82 -0.01 (-0.07%) 7:58 PM ET
2-Buy of 5 2
B Value B Growth B Momentum A VGM
Company Summary
Headquartered in New York, OUTFRONT Media Inc. is a leading provider of OOH advertisement space in key markets throughout the United States and Canada. With billboard and transit displays, the company provides advertising structures and sites to diverse industries across the 25 largest markets in the United States and 150 markets in the United States and Canada.
The company also offers other value-added services to its customers, including pre-campaign category research, print production, consumer insights, and post-campaign tracking and analytics.
As of Dec 31, 2023, OUTFRONT Media operated under two segments, U.S. Billboard and Transit, ...
Company Summary
Headquartered in New York, OUTFRONT Media Inc. is a leading provider of OOH advertisement space in key markets throughout the United States and Canada. With billboard and transit displays, the company provides advertising structures and sites to diverse industries across the 25 largest markets in the United States and 150 markets in the United States and Canada.
The company also offers other value-added services to its customers, including pre-campaign category research, print production, consumer insights, and post-campaign tracking and analytics.
As of Dec 31, 2023, OUTFRONT Media operated under two segments, U.S. Billboard and Transit, which are included in its U.S. Media reportable segment and International. However, since International does not meet the criteria to be a reportable segment, it is included in the Other segment.
Earlier, OUTFRONT Media was an operating subsidiary of CBS Corporation. In July 2014, the company split from its parent company and started operating as a real estate investment trust (REIT). Thereafter, the company banked on strategic acquisitions and divestitures to improve its portfolio quality.
In the second quarter of 2022, OUTFRONT Media closed the acquisition of around 950 billboard displays, including 21 digital displays and certain business assets, in Portland, OR, and Clark County, WA, from Pacific Outdoor Advertising for $185 million. In 2023, OUTFRONT Media completed several asset acquisitions totaling nearly $33.7 million. Whereas in 2022, it completed $353.9 million of asset acquisitions.
In October 2023, OUTFRONT Media entered an agreement to divest its Canadian business to Bell Media, a wholly-owned subsidiary of BCE, for C$410 million cash. The sale is anticipated to provide additional financial flexibility to OUTFRONT Media by deleveraging its balance sheet. The transaction is expected to close in 2024, subject to regulatory approval and other closing conditions.
Note: All EPS numbers presented in this report represents funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
OUTFRONT Media Inc
90 Park Avenue 9th Floor
New York, NY 10016
Phone: 212-297-6400
Fax: NA
Web: http://www.outfrontmedia.com
Email: investor@outfrontmedia.com
Industry | REIT and Equity Trust - Other |
Sector | Finance |
Fiscal Year End | December |
Last Reported Quarter | 3/31/2024 |
Earnings Date | 5/2/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 0.14 |
Current Year EPS Consensus Estimate | 1.68 |
Estimated Long-Term EPS Growth Rate | 10.00 |
Earnings Date | 5/2/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 14.87 |
52 Week High | 17.02 |
52 Week Low | 8.18 |
Beta | 1.87 |
20 Day Moving Average | 1,323,000.75 |
Target Price Consensus | 16.00 |
4 Week | -8.88 |
12 Week | 9.02 |
YTD | 6.52 |
4 Week | -4.70 |
12 Week | 6.47 |
YTD | 1.39 |
Shares Outstanding (millions) | 165.88 |
Market Capitalization (millions) | 2,466.60 |
Short Ratio | NA |
Last Split Date | NA |
Dividend Yield | 8.07% |
Annual Dividend | $1.20 |
Payout Ratio | 0.75 |
Change in Payout Ratio | 0.31 |
Last Dividend Payout / Amount | 2/29/2024 / $0.30 |
Fundamental Ratios
P/E (F1) | 8.88 |
Trailing 12 Months | 9.29 |
PEG Ratio | 0.89 |
vs. Previous Year | 12.05% |
vs. Previous Quarter | 36.03% |
vs. Previous Year | 1.31% |
vs. Previous Quarter | 10.20% |
Price/Book | 4.02 |
Price/Cash Flow | NA |
Price / Sales | 1.35 |
3/31/24 | NA |
12/31/23 | -57.90 |
9/30/23 | -48.05 |
3/31/24 | NA |
12/31/23 | -7.56 |
9/30/23 | -7.45 |
3/31/24 | NA |
12/31/23 | 0.67 |
9/30/23 | 0.58 |
3/31/24 | NA |
12/31/23 | 0.67 |
9/30/23 | 0.58 |
3/31/24 | NA |
12/31/23 | -23.64 |
9/30/23 | -23.79 |
3/31/24 | NA |
12/31/23 | -23.64 |
9/30/23 | -23.79 |
3/31/24 | NA |
12/31/23 | -23.32 |
9/30/23 | -23.02 |
3/31/24 | NA |
12/31/23 | 3.70 |
9/30/23 | 3.60 |
3/31/24 | NA |
12/31/23 | NA |
9/30/23 | NA |
3/31/24 | NA |
12/31/23 | 4.39 |
9/30/23 | 4.43 |
3/31/24 | NA |
12/31/23 | 78.57 |
9/30/23 | 78.65 |