OUTFRONT Media Inc. Common Stoc (NYSE:OUT):
OUTFRONT Media Announces Quarterly Dividend.
In the market the company is trading up from yesterday’s close of $21.32.
The company also recently declared a dividend for shareholders paid on Friday the 30th of September 2016. The dividend was $0.340 per share for the quarter which comes to $1.36 on an annualized basis. The dividend yield was $6.26. The ex-dividend date was set for Wednesday the 7th of September 2016.
The stock last traded at $21.38 which is just under $22.33, the 50 day moving average and which is a tad under the 200 day moving average of $22.59. The 50 day moving average went down by -4.25% whereas the 200 day moving average was down $-1.21 or -5.37%.
In the last earnings report the EPS was $-0.19 and is expected to be $0.63 for the current year with 137,946,000 shares outstanding. Next quarter’s EPS is estimated at $0.23 with next year’s EPS projected to be $0.78.
Several analysts have released opinions on the stock. Loop Capital began coverage of the stock with a rating of “Hold” and establishing a price target of $23.00. On July 21 analysts at Wedbush started coverage giving it an initial rating of “Neutral” and a price target of $26.00.
On October 5 the company was upgraded to “Buy” from “” in a report issued by Goldman Sachs. On August 18 the company was rated “Market Perform” by Wells Fargo a cut from the previous “Outperform” rating.
On June 25, 2015 the stock rating was changed to a “Buy” according to a Evercore Partners report which was a boost from the previous “Hold” rating. On May 6 JP Morgan made no change to the company rating of “Overweight” but moved down the price target to $32.00 from $34.00.