A better buy-in window may exist right now for Outfront Media Inc. (OUT)

Outfront Media Inc. (NYSE: OUT) stock fell -2.72% on Friday to $17.85 against a previous-day closing price of $18.35. With 2.12 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.79 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $19.19 whereas the lowest price it dropped to was $17.61. The 52-week range on OUT shows that it touched its highest point at $29.36 and its lowest point at $16.07 during that stretch. It currently has a 1-year price target of $30.33. With its current market cap of 2.80 billion, OUT has annualized dividend of $1.20 while the current yield stands at 6.72%. Beta for the stock currently stands at 1.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OUT was down-trending over the past week, with a drop of -1.33%, but this was up by 7.79% over a month. Three-month performance dropped to -26.72% while six-month performance fell -27.41%. The stock lost -22.49% in the past year, while it has lost -33.45% so far this year. A look at the trailing 12-month EPS for OUT yields 0.52 with Next year EPS estimates of 1.31. For the next quarter, that number is 0.24. This implies an EPS growth rate of 109.20% for this year and 35.76% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -39.90%.

Float and Shares Shorts:

At present, 152.00 million OUT shares are outstanding with a float of 129.50 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.67 million, which was 4.07% higher than short shares on Jun 14, 2022. In addition to Mr. Jeremy J. Male as the firm’s Chairman & CEO, Mr. Matthew Siegel serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 102.56% of OUT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.83% of OUT, in contrast to 43.82% held by mutual funds. Shares owned by individuals account for 11.96%. As the largest shareholder in OUT with 12.99% of the stake, The Vanguard Group, Inc. holds 21,310,649 shares worth 21,310,649. A second-largest stockholder of OUT, BlackRock Fund Advisors, holds 10,867,763 shares, controlling over 6.63% of the firm’s shares. Contour Asset Management LLC is the third largest shareholder in OUT, holding 5,222,119 shares or 3.18% stake. With a 3.49% stake in OUT, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 5,717,821 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.65% of OUT stock, is the second-largest Mutual Fund holder. It holds 4,337,620 shares valued at 73.52 million. Vanguard Small Cap Index Fund holds 2.27% of the stake in OUT, owning 3,727,407 shares worth 63.18 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, OUT reported revenue of $373.50M and operating income of $28.20M. Over the past year, revenue came in at $1.58B while operating income stood at $227.80M. It generated -$100.00k net income for the quarter, which came to $103.20M over the last twelve months. The EBITDA in the recently reported quarter was $62.20M and diluted EPS was -$0.04. EBITDA for the full year was $368.80M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OUT since 6 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OUT analysts setting a high price target of $35.00 and a low target of $22.00, the average target price over the next 12 months is $30.33. Based on these targets, OUT could surge 96.08% to reach the target high and rise by 23.25% to reach the target low. Reaching the average price target will result in a growth of 69.92% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OUT will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $0.99 being high and $0.90 being low. For OUT, this leads to a yearly average estimate of $0.96. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Outfront Media Inc. reported $0.28 EPS against a consensus estimate of $0.28. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.25. The average estimate for the next quarter is thus $0.28.

Summary of Insider Activity:

Insiders traded OUT stock several times over the past three months with 15 Buys and 0 Sells. In these transactions, 40,663 shares were bought while 0 shares were sold. The number of buy transactions has increased to 49 while that of sell transactions has risen to 13 over the past year. The total number of shares bought during that period was 35,212,386 while 275,947 shares were sold.

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