| Yesterday | ||||
Barrington analyst James… Barrington analyst James Goss raised the firm's price target on Outfront Media to $24 from $22 and keeps an Outperform rating on the shares following the company's results. The timing and pace of an advertising spending recovery remains uncertain, but a trough in billboard viewership has likely occurred, with potential for beginnings of an upturn in mid-summer, Goss tells investors in a research note. | ||||
| Tuesday | ||||
Citi analyst Jason… Citi analyst Jason Bazinet raised the firm's price target on Outfront Media to $25 from $21 and keeps a Buy rating on the shares post the Q4 results. | ||||
| Over a week ago | ||||
Reports Q4 revenue… Reports Q4 revenue $335.8M, consensus $317.4M. "Digital billboards returned to growth, helping drive total revenues above our expectations, with good flow-through to cash flow," said CEO Jeremy Male. "We will return to positive revenue growth in Q2 as we lap the onset of the pandemic, and look forward to further recovery in our business throughout the year." | ||||
The deal range was… The deal range was $22.00-$22.05. Morgan Stanley acted as sole book running manager for the offering. | ||||
Morgan Stanley is acting… Morgan Stanley is acting as sole book running manager for the offering. | ||||
| Over a month ago | ||||
Conference call with EVP… Conference call with EVP & CFO Siegel and SVP Lundberg will be held on December 16 hosted by Morgan Stanley. | ||||
Conference call with EVP… Conference call with EVP & CFO Siegel and SVP Lundberg will be held on December 16 hosted by Morgan Stanley. | ||||
| Over a quarter ago | ||||
Citi analyst Jason… Citi analyst Jason Bazinet raised the firm's price target on Outfront Media to $21 from $18 and keeps a Buy rating on the shares following the company's Q3 results. The analyst continues to expect a "bumpy recovery," particularly in the near-term, but continues to like Outfront at current levels. | ||||
Virtual Media Roundtable… Virtual Media Roundtable will be held on November 10. | ||||
Reports Q3 revenue… Reports Q3 revenue $282.3M, consensus $284.77M. "Billboard revenue performed ahead of our expectations in the third quarter as audiences returned and, while transit revenue improved, it is lagging given continued low ridership," said CEO Jeremy Male. "Significant cost reductions drove a notable sequential improvement in Adjusted OIBDA and AFFO and, with our strong liquidity from aggressive actions taken earlier this year, we are in a good position to invest in our business for future growth." | ||||