The stock of OUTFRONT Media Inc. (NYSE:OUT) decreased by -$0.19 on Tuesday to finish at $11.05, down -1.69 percent. The last five days have seen an average of 3,150,540 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$5.53. The average number of shares traded over the last 20 days was 2,805,545, while the average volume over the last 50 days totaled 2,089,440.
OUT stock dropped -30.94% since last month. On 08/15/23, the company’s shares reached a one-month low of $11.02. The stock touched a high of $21.65 on 02/02/23, after rallying from a low of $11.11 in 52 weeks. The price of OUT stock has declined by -33.35% or -$5.53 this year, reaching a new high 13 times. Still, the stock price is down -48.96% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.03, the price-to-book (PB) ratio of 2.94, and the price-to-cash flow ratio of 123.48.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year.
Financial Health
For the three months ended June 29, OUTFRONT Media Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 4.24, and the total debt to equity ratio is 4.46. As far as profitability goes, gross margin for the trailing twelve months is 74.00% percent. OUTFRONT Media Inc.’s operating margin stood at -13.70% for the same period. Based on annual data, it had gross profit of $860.7 million and revenue of $1.77 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OUT’s return on assets (ROA) during the last 12 months has been -7.10%. There was a 7.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -39.80%.
Earnings Surprise
According to OUTFRONT Media Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $468.8 million, while revenues rose by 3.97% to $395.8 million. It was predicted that OUTFRONT Media Inc.’s quarterly earnings would be -$2.92, but it ended up being $0.24, beating the consensus by -1,316.70%. EBITDA was -$395.2 million for the quarter. At the end of OUTFRONT Media Inc.’s most recent quarter ended June 29, its liabilities totaled 4.84 billion, while its total debt was $4.44 billion. Equity owned by shareholders amounts to $165.04 million.
Technical Picture
Here’s a quick look at OUTFRONT Media Inc.’s (OUT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 17.42%, suggesting the stock is oversold, with a 84.52% historical volatility rate.
The stochastic %K and %D were 3.38% and 7.22% respectively, while the average true range (ATR) was 0.61. Based on the 14-day stochastic reading of 0.67%, the RSI (14) reading is 22.20%. On the 9-day MACD Oscillator, the stock is at -0.71, and the 14-day reading is at -1.83.
Analyst Ratings
OUTFRONT Media Inc. (NYSE: OUT) was downgraded by Oppenheimer to a a Perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned OUTFRONT Media Inc. (OUT) an Overweight rating. OUT is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is OUT’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $34.00, with a median target price of $16.00. In analyzing these forecasts, the average price target given by analysts for OUTFRONT Media Inc. (OUT) is $19.40.
