Taking on analysts’ expectations and winning: Outfront Media Inc. (OUT)

Outfront Media Inc. (NYSE: OUT) stock fell -3.38% on Wednesday to $14.01 against a previous-day closing price of $14.50. With 1.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.96 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $14.41 whereas the lowest price it dropped to was $13.96. The 52-week range on OUT shows that it touched its highest point at $21.65 and its lowest point at $14.00 during that stretch. It currently has a 1-year price target of $25.60. With its current market cap of 2.30 billion, OUT has annualized dividend of $1.20 while the current yield stands at 8.57%. Beta for the stock currently stands at 1.74.

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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 -3.45%, but this was down by -13.52% over a month. Three-month performance dropped to -21.03% while six-month performance fell -20.08%. The stock lost -30.78% in the past year, while it has lost -15.50% so far this year. A look at the trailing 12-month EPS for OUT yields 0.67 with Next year EPS estimates of 0.93. For the next quarter, that number is 0.25. This implies an EPS growth rate of -3.60% for this year and 14.43% 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 -3.40%.

Float and Shares Shorts:

At present, 164.50 million OUT shares are outstanding with a float of 162.87 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.65 million, which was 4.64% higher than short shares on Mar 30, 2023. 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 107.06% of OUT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.33% of OUT, in contrast to 34.62% held by mutual funds. Shares owned by individuals account for 12.11%. As the largest shareholder in OUT with 15.49% of the stake, The Vanguard Group, Inc. holds 25,557,387 shares worth 25,557,387. A second-largest stockholder of OUT, BlackRock Fund Advisors, holds 23,462,458 shares, controlling over 14.22% of the firm’s shares. JPMorgan Investment Management, I is the third largest shareholder in OUT, holding 5,552,526 shares or 3.37% stake. With a 6.44% stake in OUT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,631,640 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.72% of OUT stock, is the second-largest Mutual Fund holder. It holds 6,132,954 shares valued at 102.18 million. Vanguard Total Stock Market ETF holds 2.78% of the stake in OUT, owning 4,585,376 shares worth 76.39 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, 2023, OUT reported revenue of $450.20M and operating income of $80.10M. The EBITDA in the recently reported quarter was $116.90M and diluted EPS was $0.28.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OUT since 0 analysts follow the stock currently. 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 $19.00, the average target price over the next 12 months is $24.67. Based on these targets, OUT could surge 142.68% to reach the target high and rise by 35.62% to reach the target low. Reaching the average price target will result in a growth of 76.09% 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.

Summary of Insider Activity:

Insiders traded OUT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 56 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 743,023 while 349,806 shares were sold.

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