Outfront Media (OUT) Beats Q2 FFO Estimates
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 (OUT) Sells its Canadian Business to Bell Media
OUTFRONT Media announces the completion of the sale of its Canadian business to Bell Media for C$410 million.
Outfront Media: 8.7% Yielder Will Give You A Raise, But Don't Get Too Excited
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.
Here's Why You Should Retain OUTFRONT Media (OUT) Stock Now
OUTFRONT Media's (OUT) diversified advertising sites and strategic investments for the digital billboard portfolio bode well. However, competition from its industry peers and high expenses are worrisome.
Here's Why OUTFRONT Media (OUT) is an Apt Portfolio Pick for Now
A diverse portfolio of advertising sites and strategic investments for a digital billboard portfolio is likely to support OUTFRONT Media's (OUT) performance.
