OUT - Outfront Media Inc.
24.81 +0.01 (0.04%)
After hours: 4:27PM EST
| Previous Close | 24.82 |
| Open | 24.76 |
| Bid | 24.88 x 800 |
| Ask | 24.89 x 800 |
| Day's Range | 24.50 - 24.98 |
| 52 Week Range | 16.81 - 28.42 |
| Volume | 687,448 |
| Avg. Volume | 994,486 |
| Market Cap | 3.559B |
| Beta (3Y Monthly) | 1.05 |
| PE Ratio (TTM) | 23.48 |
| EPS (TTM) | 1.06 |
| Earnings Date | Nov 4, 2019 |
| Forward Dividend & Yield | 1.44 (5.80%) |
| Ex-Dividend Date | 2019-12-05 |
| 1y Target Est | 29.67 |
- Thomson Reuters StreetEvents
Edited Transcript of OUT earnings conference call or presentation 4-Nov-19 9:30pm GMT
Q3 2019 OUTFRONT Media Inc Earnings Call
- TipRanks
3 “Strong Buy” Dividend Stocks Yielding 5% — Or More
The S&P 500 stock index has famously averaged a return of just under 10% over the past near-century -- a great rate in an economy where the average bank account is still paying just 0.05%!Of course, even 10% is just the average. Some stocks go up more than that, some go up less. Some years are better for stock returns, some are worse. So what can you do you increase your odds of getting a great return on your stock investment?I've got one word for you: Dividends.Buy a stock with a great dividend yield -- significantly higher than what the average S&P stock pays -- and you've gone a long way towards ensuring that your total profits in a given year are at least average, and maybe significantly above average.With this goal in mind, we've employed the Stock Screener at TipRanks to dig up for us a few likely candidates -- stocks paying generous dividend yields of 5% or better, and stocks scoring a "strong buy" rating from Wall Street analysts to boot.Enterprise Products Partners (EPD)First up is oil and natural gas pipeline operator Enterprise Products Partners, and of the three this one offers income investors the biggest dividend yield: 6.8%. EPD is also one of the biggest players in its industry, owning and operating pipelines for the transport of oil, gas, and petrochemicals stretching some 49,000 miles in combined length, with storage and processing facilities besides.Little wonder that Evercore ISI analyst Dan Walk calls EPD a "bellwether" for the midstream energy industry. In a recent research note, Walk hailed EPD's earnings beat in its recent Q3 earnings announcement, arguing that "EPD's scale and integration across the value chains of all three hydrocarbon streams provide unmatched flexibility to adapt to an ever-shifting environment." The analyst was particularly impressed by EPD's decision to expand its pipelines, adding potentially as much as almost 1 billion barrels per day in transportation capacity for the business.As a result, Walk reiterated an Outperform rating on EPD stock along with a $32 price target, which implies about 25% upside from current levels. (To watch Walk's track record, click here)Wolfe Research analyst Keith Stanley was also enthusiastic, noting that EPD is forging "full speed ahead" with its "superior integrated, demand-driven growth platform," even as rivals have "pulled back." Echoing Walk's sentiment, Stanley rates the stock an Outperfom, while maintaining a $33 price target.Overall, the Street sentiment on EPD stock is similarly positive, with three out of three analysts who have issued ratings on the stock in the last three months rating the stock "buy." With an average price target of $33.33, these analysts see 29% upside in the stock over the next 12 months -- before counting the dividend. (See EPD stock analysis on TipRanks)Total (TOT) Farther up the oil industry food chain we find French oil giant Total, a true giant of the industry with annual revenues approaching $180 billion. Total's 5.3% dividend yield -- more than twice as generous as the average dividend on the S&P 500 -- is no slouch either.In a recent research note, Cowen analyst Jason Gabelman predicted that Total's production growth "should exceed peers significantly over the next three years... with materially better cash margins... and rising FCF." The analyst noted that in Q3, Total "beat" on earnings and generated $6.6 billion in free cash flow as well -- $1.2 billion more than Street estimates had predicted -- even as the company stood fast to its promises to invest in capital spending and continue buying back shares.Gabelman forecast that by the time December 31 rolls around, Total will have grown its full-year earnings 8% in comparison to last year, and that the company is on track to do nearly as well in 2020, growing earnings a further 7%. Although valued at 15.2 times trailing earnings today, Gabelman believes these numbers put the stock squarely in "buy" territory at a current-year P/E ratio of 12.4 and a forward P/E ratio of just 11.6.Similarly, 10 out of 10 analyst ratings published on Total in the last couple of months have rated Total stock "buy." On average, analysts see Total shares climbed 22% over the next year, to an average target price of $66.12 -- again, before factoring in the 5.3% dividend. (See TOT stock analysis on TipRanks)Outfront Media (OUT)Taking a sharp right-hand turn out of the oil patch here at the end, we turn our attention now to Outfront Media, whose stock in trade is... billboards, as well as ads posted on mass transit and other "mobile" advertising assets. And if billboards don't sound particularly sexy to you, then perhaps this fact will: Outfront Media pays its shareholders a monster 5.8% dividend yield -- nearly triple the yield on the S&P 500.Commenting on Outfront's earnings results earlier this month, Wolfe Research analyst Marci Ryvicker was impressed at the company's ability to grow revenues by double digits year over year in TRADITIONAL MEDIA (Her emphasis, not ours). Q3 sales came in 11.7% higher than in the year-ago quarter, led by revenues from transit advertising, up 20%.Admittedly, next quarter looks to be a bit slower on "toughening comps." Nevertheless, Ryvicker notes that if management succeeds in growing revenues by mid-to-high-single digits, as it's promised to do, it's probably going to eclipse Street predictions for 5.4%. growth.Analysts are starting to warm to this story, though, with four out of five polled in the last three months rating Outfront stock a "buy." Consensus targets call for the stock to rise 28.2% over the next 12 months to $32.25 per share -- but Wolfe's Ryvicker is even more optimistic than that. Wowed by the company's ability to grow traditional media sales in a digital world, she's set a price target of $36 -- 43% more than the stock is worth today. (See Outfront Media stock analysis on TipRanks)
- Simply Wall St.
Why Outfront Media Inc. (NYSE:OUT) Looks Like A Quality Company
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Zacks
OUTFRONT Media (OUT) Expands in Canada, Partners With BIXI
OUTFRONT Media's (OUT) Canadian business' partnership with bike-sharing organization, BIXI, to help fortify its presence in Montreal.
- Zacks
OUTFRONT Media Prices Private Offering of $500M Senior Notes
OUTFRONT Media's (OUT) private offering of 2030 senior unsecured notes worth $500 million receives B1 rating from Moody's.
- PR Newswire
OUTFRONT Media Announces Pricing Of Senior Notes Offering
NEW YORK, Nov. 12, 2019 /PRNewswire/ -- OUTFRONT Media Inc. (OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $500.0 million in aggregate principal amount of 4.625% Senior Notes due 2030 (the "notes"). OUTFRONT Media intends to use the net proceeds from the notes offering to redeem all of its outstanding $450 million 5.875% Senior Notes due 2025, to pay accrued and unpaid interest on such outstanding notes, and to pay fees and expenses in connection with the notes offering and redemption. The notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantees its senior credit facilities.
- CNW Group
OUTFRONT Media's Canadian Business Adds Significant Core Presence In Montreal With New BIXI Partnership
NEW YORK , Nov. 12, 2019 /PRNewswire/ -- OUTFRONT Media Inc. (OUT) today announced that its Canadian business is partnering with bike-sharing organization BIXI to offer advertisers 600 street level ad faces in urban neighborhoods across Montreal . The BIXI inventory fits beautifully with OUTFRONT's existing assets to offer a complete out-of-home solution consisting of 1,250 static and 27 digital faces providing outstanding coverage of the market and access to an active, socially responsible and environmentally conscious audience. "Acquiring 600 faces (and growing!) at the street level in and surrounding the downtown core is a game changer for OUTFRONT in Montreal as it literally puts us 'all over the map' and offers our clients a viable, one-stop option." said Paul Desjardins , Vice President of Sales – Eastern Canada , OUTFRONT.
- Moody's
OUTFRONT Media Capital LLC -- Moody's assigns a B1 rating to OUTFRONT Media's proposed senior notes; outlook stable
Moody's Investors Service (Moody's) assigned a B1 rating to OUTFRONT Media Inc.'s (OUTFRONT) subsidiary, OUTFRONT Media Capital LLC's proposed $500 million senior unsecured note due 2030. The Ba3 corporate family rating (CFR) of OUTFRONT, the Ba1 senior secured rating and the existing B1 senior unsecured notes rating issued by its subsidiary will remain unchanged.
- Moody's
OUTFRONT Media Capital LLC -- Moody's announces completion of a periodic review of ratings of OUTFRONT Media Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of OUTFRONT Media Inc. New York, November 12, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of OUTFRONT Media Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Zacks
OUTFRONT Media Designs OOH Campaign for John Foy & Associates
The latest campaign for John Foy & Associates will help OUTFRONT Media (OUT) bank on the growing demand for out-of-home advertisements in the United States.
- PR Newswire
OUTFRONT Studios Announces 'The Strong Arm' Headlight Domination For John Foy & Associates On The Metropolitan Atlanta Rapid Transit Authority
NEW YORK, Nov. 6, 2019 /PRNewswire/ -- OUTFRONT Media Inc. (OUT) announced a two year exclusive headlight domination package with John Foy & Associates, the premier personal injury firm in Atlanta dedicated to serving the people of Georgia. The campaign went live on October 2nd throughout the Metropolitan Atlanta Rapid Transit Authority (MARTA) transit system and will give John Foy & Associates sole advertising rights to over 400 MARTA bus headlights in Fulton, Dekalb and Clayton counties.
- Zacks
Lamar Advertising (LAMR) Stock Up on Q3 FFO & Revenues Beat
Lamar Advertising (LAMR) puts up a stellar show in Q3 registering FFO and top-line growth, backed by solid demand for out-of-home advertising.
- Zacks
Host Hotels' (HST) Q3 FFO Beats Estimates, Revenues Down Y/Y
While Host Hotels & Resorts' (HST) Q3 performance reflects improvement in food and beverage revenues, fall in average room rate hampers results.
- PR Newswire
OUTFRONT Media Leads Movember Out of Home Campaign To Promote Awareness for Men's Health
NEW YORK, Nov. 5, 2019 /PRNewswire/ -- OUTFRONT Media (OUT) unveils new out of home assets for Movember, the leading men's health charity, to raise awareness for men's health this month. Each year, thousands of men join the challenge to "Grow a Mo", or moustache, during Movember. Movember wanted to leverage the power of the assets with creative to help bring awareness to their mission of "changing the face of men's health" around the world.
- Zacks
OUTFRONT Media (OUT) Q3 FFO Lags, Revenues Beat Estimates
OUTFRONT Media's (OUT) Q3 results aided by growth in revenues from national and local advertising, offset by mounting transit franchise and billboard lease expenses to some extent.
- PR Newswire
OUTFRONT Media Reports Third Quarter 2019 Results
Revenues of $462.5 million Operating Income of $85.5 million ; Net income of $38.7 million , $0.27 per diluted share Adjusted OIBDA of $140.3 million AFFO of $92.6 million Quarterly dividend of $0.36 per ...
- Zacks
Aimco (AIV) Q3 FFO Beats Estimates, NOI Climbs, Guidance Up
Apartment Investment and Management Company (AIV), better known as Aimco, witnesses decent growth in same-store property net operating income (NOI) and lower cost of leverage in Q3.
- Zacks
Duke Realty's (DRE) Q3 FFO Meets Estimates, Dividend Up
Duke Realty's (DRE) Q3 results highlight overall improved operations and increased investments in new industrial properties, encouraging the company to raise its core FFO per share outlook.
- Zacks
Iron Mountain (IRM) Q3 FFO Beats, Revenues Lag Estimates
While Iron Mountain's (IRM) Q3 performance reflects healthy storage revenues backed by solid contribution from revenue management, headwinds from lower recycled paper prices remain concerns.
- Zacks
Macerich (MAC) Q3 FFO Meets Estimates, Leasing Revenues Dip
Macerich's (MAC) Q3 results reflect tenant sales growth as well as increase in average rent and releasing spreads, along with lower occupancy.
- Zacks
Federal Realty (FRT) Q3 FFO Meets, Revenues Beat Estimates
Federal Realty's (FRT) Q3 performance highlights growth in property operating income and cash-basis rollover rise on comparable spaces.
- Zacks
Regency Centers' (REG) Q3 FFO & Revenues Beat Estimates
Regency Centers' (REG) Q3 results reflect year-over-year increase in lease income, aided by decent leasing activity and rent spreads.
- Zacks
Extra Space Storage (EXR) Q3 FFO Meets, Revenues Top Estimates
While Extra Space Storage (EXR) registers growth in same-store revenues and NOI, same-store square foot occupancy remains flat year over year.
- Zacks
Public Storage (PSA) Q3 FFO Lags Estimates, Expenses Flare Up
Public Storage's (PSA) Q3 result reflects elevated expenses, though increased realized annual rent per occupied square foot, uptick in occupancy and gains from expansion moves aid its performance.
