Apart from strategic disposition, OUTFRONT Media has capitalized on acquisitions to enhance its portfolio. In the first quarter of 2024, the company acquired several assets for nearly $6 million. In 2023, the company acquired several assets for around $33.7 million. With such expansion efforts, it remains poised to grow over the long term. However, elevated operating expenses and high interest rates will likely weigh on its bottom-line growth in the near term. Competition from several advertising channels m ...

NEW YORK, June 10, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media Inc., a wholly-owned subsidiary of BCE Inc. (TSX, NYSE: BCE), announced today that they have closed the sale of OUTFRONT Media's Canadian business to Bell Media for a purchase price of C$410 million in cash, subject to certain purchase price adjustments. About OUTFRONT Media Inc. Bell Media is Canada's leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and ...

About This Article ■ In our previous coverage of Outfront Media (NYSE:OUT), we weighed the positives of the high yield and the monopoly-like business, versus the very real negatives that we saw. Those negatives were concentrated within leverage and a rather non-REIT like cyclicality of earnings. Ultimately, we called it a "great point to cash out" as the stock had a nice rally off the lows. We now rate Outfront Media Inc. stock a Sell and would get more constructive if leverage can be reduced below 4.5X or ...

OUTFRONT Media (OUT) is well-poised to benefit from its diversified portfolio of advertising sites, both geographical and industry-wise, in the key markets of the United States and Canada. Moreover, strategic investments and expansion efforts to enhance its digital billboard portfolio augur well for its long-term growth opportunities. However, competition from other advertising channels and elevated expenses are worrisome for the company. A high interest rate environment adds to its concerns. Moreover, the ...

Initiative Spotlights the LGBTQ Community with Personalized Messages on Digital Billboards Nationwide NEW YORK, June 3, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE:OUT), one of the largest out of home media (OOH) companies in the U.S., is proud to announce the launch of the "Protect Our Pride" campaign in partnership with GLAAD to celebrate Pride during the month of June. Following the success of last year's "15 Seconds of Fabulous" campaign, this year's initiative, designed by GLAAD and evolving from an ...

Over the past three months, shares of this Zacks Rank #2 (Buy) company have gained 17.6% against the industry's decline of 0.9%. Given the strength in its fundamentals, there seems to be additional room for growth for this stock. Factors That Make OUTFRONT Media a Solid Pick OUTFRONT Media's (OUT) well-diversified portfolio of advertising sites and large-scale presence bodes well. Also, strategic investments and expansion efforts to enhance its digital billboard portfolio provide scope to capitalize on long ...

Contacts: NEW YORK, May 17, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that Jeremy Male, Chairman and Chief Executive Officer, is scheduled to present at J.P. Morgan's 52nd Annual Global Technology, Media and Communications Conference on Tuesday, May 21, 2024 at 2:25 p.m. Eastern Time. A live and replay audio webcast will be available on the investor relations section of the Company's website at www.outfront.com. About OUTFRONT Media Inc. OUTFRONT leverages the power of technology, ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Score ...

OUTFRONT Media Inc. (OUT) reported first-quarter 2024 adjusted funds from operations (AFFO) per share of 14 cents, in line with the Zacks Consensus Estimate.The rise in billboard revenues in the quarter aided decent year-over-year top-line growth. However, higher interest expense and operating expenses acted as a dampener. Reflecting the negative sentiments of investors, shares of the company have lost 5.92% in the May 3 normal trading session on the NYSE.Quarterly revenues came in at $408.5 million, missin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36367 OUTFRONT Media Inc. (Exact name of registrant as specified in its charter) Maryland 46-4494703 (State o ...