Outfront Media Inc. (NYSE: OUT) stock jumped 3.14% on Wednesday to $18.41 against a previous-day closing price of $17.85. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.51 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $18.42 whereas the lowest price it dropped to was $17.72. The 52-week range on OUT shows that it touched its highest point at $29.36 and its lowest point at $14.97 during that stretch. It currently has a 1-year price target of $27.00. With its current market cap of 2.99 billion, OUT has annualized dividend of $1.20 while the current yield stands at 6.52%. Beta for the stock currently stands at 1.70.
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 up-trending over the past week, with a rise of 2.45%, but this was up by 3.54% over a month. Three-month performance dropped to -4.36% while six-month performance fell -6.02%. The stock lost -32.71% in the past year, while it has lost -31.36% so far this year. A look at the trailing 12-month EPS for OUT yields 0.91 with Next year EPS estimates of 1.02. For the next quarter, that number is 0.38. This implies an EPS growth rate of 109.20% for this year and 12.06% 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, 164.00 million OUT shares are outstanding with a float of 162.87 million shares on hand for trading. On Oct 13, 2022, short shares totaled 12.07 million, which was 7.36% higher than short shares on Sep 14, 2022. In addition to Mr. Jeremy J. Male as the firm’s Chairman & CEO, Mr. Matthew Siegel serves as its Exec. VP & CFO.
Through their ownership of 104.70% of OUT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.81% of OUT, in contrast to 42.08% held by mutual funds. Shares owned by individuals account for 11.95%. As the largest shareholder in OUT with 15.55% of the stake, The Vanguard Group, Inc. holds 25,520,699 shares worth 25,520,699. A second-largest stockholder of OUT, BlackRock Fund Advisors, holds 19,640,621 shares, controlling over 11.97% of the firm’s shares. Goldman Sachs & Co. LLC is the third largest shareholder in OUT, holding 7,630,646 shares or 4.65% stake. With a 4.00% stake in OUT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,554,088 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.85% of OUT stock, is the second-largest Mutual Fund holder. It holds 6,319,447 shares valued at 114.07 million. Vanguard Total Stock Market Index holds 2.71% of the stake in OUT, owning 4,446,374 shares worth 80.26 million.
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 $34.00 and a low target of $22.00, the average target price over the next 12 months is $27.00. Based on these targets, OUT could surge 84.68% to reach the target high and rise by 19.5% to reach the target low. Reaching the average price target will result in a growth of 46.66% 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 $0.97 being high and $0.88 being low. For OUT, this leads to a yearly average estimate of $0.91. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Outfront Media Inc. surprised analysts by -$0.02 when it reported $0.23 EPS against a consensus estimate of $0.25. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.39 and the low estimate is $0.36. The average estimate for the next quarter is thus $0.38.
Summary of Insider Activity:
Insiders traded OUT stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 3,929 shares were bought while 1,417 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 35,216,315 while 195,121 shares were sold.