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OUTFRONT Media's (OUT) geographically diversified advertising sites and strategic investments in its digital billboard portfolio are likely to aid its performance.
NEW YORK , April 8, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended March 31, 2024 after the market closes on Thursday, May 2, 2024. The earnings announcement will be available in the Investor Relations section of the Company's website, www.outfront.com.
Outfront Media Inc. has sold its Canadian business to BCE at a nice multiple. The base business of Outfront Media remains under pressure, with a decline in adjusted OIBDA despite a rise in revenues. Dividend coverage for Outfront Media is relatively weak, with free cash flow just around the dividend level.
Outfront Media should benefit from falling interest rates and a rebound in the ad market. The digital out-of-home ad market is expected to grow by double digits over the next several years.
OUTFRONT Media's (OUT) diverse portfolio of advertising sites and strategic investments for digital billboard conversions augur well.
OUTFRONT Media (OUT) announces expansion of programmatic transit advertising in New York City's MTA system, creating America's largest programmatically available full-motion transit network.
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Outfront Media (OUT) or Public Storage (PSA). But which of these two stocks offers value investors a better bang for their buck right now?
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Outfront Media (OUT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Outfront Media (OUT) and Public Storage (PSA). But which of these two companies is the best option for those looking for undervalued stocks?