OUTFRONT Media Inc. (OUT) To Go Ex-Dividend on September 4th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 4th will be given a dividend of 0.33 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. This is a 10.0% increase from OUTFRONT Media’s previous quarterly dividend of $0.30.

OUTFRONT Media has raised its dividend by an average of 0.3%annually over the last three years. OUTFRONT Media has a dividend payout ratio of 155.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect OUTFRONT Media to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 58.9%.

OUTFRONT Media Stock Up 1.4%

OUT opened at $29.79 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 3.50. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 21.43 and a beta of 1.48. The business has a 50 day moving average of $31.65 and a 200-day moving average of $30.20. OUTFRONT Media has a 1-year low of $16.97 and a 1-year high of $34.96.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.30. The business had revenue of $522.50 million during the quarter, compared to analyst estimates of $509.61 million. OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, sell-side analysts anticipate that OUTFRONT Media will post 2.18 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Richard H. Sauer sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $32.08, for a total value of $160,400.00. Following the sale, the executive vice president directly owned 56,947 shares of the company’s stock, valued at approximately $1,826,859.76. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Michael Norton bought 4,130 shares of OUTFRONT Media stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of $30.81 per share, with a total value of $127,245.30. Following the acquisition, the executive vice president directly owned 4,130 shares in the company, valued at $127,245.30. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have sold 20,000 shares of company stock worth $629,600. Company insiders own 0.45% of the company’s stock.

Institutional Trading of OUTFRONT Media

A number of hedge funds and other institutional investors have recently modified their holdings of OUT. Advisory Services Network LLC acquired a new position in shares of OUTFRONT Media during the third quarter worth $29,000. Trust Co. of Vermont acquired a new position in OUTFRONT Media during the 2nd quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its holdings in shares of OUTFRONT Media by 74.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,610 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 686 shares in the last quarter. Farther Finance Advisors LLC increased its stake in OUTFRONT Media by 157.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,339 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of OUTFRONT Media during the fourth quarter valued at about $71,000.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.