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OUT's geographically diversified advertising sites and strategic investments in its digital billboard portfolio are likely to aid its performance.
OUT's diversified advertising sites and strategic investments for the digital billboard portfolio bode well. The economic slowdown and high expenses are worrisome.
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OUTFRONT Media, a REIT specializing in billboards and transit advertising, showed solid growth with Q2 revenue up 1.8% YoY and significant digital media gains. The divesture of the Canadian business has strengthened OUT's balance sheet, reducing leverage to 5.0x and allowing management to focus on U.S. growth. With an AFFO payout ratio of 58.1%, OUT has room for future dividend increases, potentially rewarding shareholders after a stagnant two-year period.
Outfront Media stock reached a buy point and a 52-week high on Friday. And a mortgage provider stock is in a buy zone after hitting a high.
OUTFRONT Media's (OUT) geographically diversified advertising sites and strategic investments in its digital billboard portfolio are likely to aid its performance.
OUTFRONT Media's (OUT) Q2 AFFO results reflect lower operating expenses driven by lower property lease costs.
Although the revenue and EPS for Outfront Media (OUT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Outfront Media (OUT) came out with quarterly funds from operations (FFO) of $0.49 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to FFO of $0.47 per share a year ago.
OUTFRONT Media announces the completion of the sale of its Canadian business to Bell Media for C$410 million.
We rated Outfront Media Inc. as a Sell due to concerns about leverage and cyclicality of earnings. Q1-2024 results showed decent performance with total revenues up 3.2% and strong growth in local revenues. The company's debt profile is a concern, but the sale of the Canadian business and expected revenue growth in Q3 and Q4 will improve the situation.