Outfront Media Inc (OUT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.56. The company posted revenue of $385.30 million in the period, compared to analysts expectations of $380.69 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Outfront Media Inc. Wedbush Initiated Outfront Media Inc on Jul 22, 2016 to “Neutral”, Price Target of the shares are set at $26.Gabelli & Co Initiated Outfront Media Inc on Jul 22, 2016 to “Hold”, Price Target of the shares are set at $29.
Outfront Media Inc closed down -0.33 points or -1.41% at $23.01 with 5,91,849 shares getting traded on Tusday. Post opening the session at $23.2, the shares hit an intraday low of $22.74 and an intraday high of $23.2 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Investors should note that on Jul 27, 2016, Outfront Media Inc announced a cash dividend of $0.3400. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 30, 2016.
In a different news, on May 26, 2016, Peter Mathes (director) sold 1,000 shares at $21.92 per share price. According to the SEC, on Mar 6, 2015, Nicolas Brien (director) purchased 3,320 shares at $30.11 per share price.
OUTFRONT Media Inc. formerly CBS Outdoor Americas Inc. is a provider of advertising space on out-of-home advertising structures and sites. The Company operates in over 180 markets in the United States Canada and Latin America. In addition to leasing displays the Company also provides other services to its customers such as pre-campaign category research creative design support and post-campaign tracking and analytics. It manages its business through two segments United States and International. The United States segment includes the Company’s business in 25 markets in the United States. The Company’s portfolio includes sites such as the Bay Bridge in San Francisco various locations along Sunset Boulevard in Los Angeles and various sites in and around both Grand Central Station and Times Square in New York. The Company’s International segment includes its operations in Canada and Latin America including Mexico Argentina Brazil Chile and Uruguay.