OUTFRONT Media Inc. (OUT) to Issue Quarterly Dividend of $0.30 on March 31st

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Friday, March 7th.

OUTFRONT Media has raised its dividend payment by an average of 59.4% annually over the last three years. OUTFRONT Media has a payout ratio of 123.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OUTFRONT Media to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 69.8%.

OUTFRONT Media Trading Up 0.8 %

OUT opened at $17.91 on Wednesday. The stock has a 50-day moving average of $18.42 and a 200 day moving average of $18.48. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 12 month low of $13.35 and a 12 month high of $19.50. The firm has a market cap of $2.90 billion, a P/E ratio of 12.77, a P/E/G ratio of 1.06 and a beta of 1.97.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $21.53 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Morgan Stanley boosted their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.48.

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.