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Outfront Media
(NYSE:OUT)
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Rating:60Neutral
Price Target:
$34.00
▲(6.15% Upside)
Action:Reiterated
Date:08/06/26
Overall score reflects improved profitability and strong free cash flow recovery, supported by upbeat guidance and operating momentum from the latest earnings call. The score is held back primarily by leverage-related balance-sheet risk and only neutral-to-soft technical momentum, with valuation mixed (high P/E partially offset by a solid dividend yield).
Positive Factors
Digital and programmatic expansion
Digital and programmatic growth improves inventory flexibility, targeting and monetization. Rising automated sales and digital mix can support recurring yield gains and strengthen Outfront’s competitiveness with enterprise advertisers.
Negative Factors
High leverage limits financial flexibility
Debt remains large relative to the equity base, leaving less capacity to absorb an advertising downturn or unexpected operating costs. Leverage also increases dependence on refinancing access and constrains capital allocation flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital and programmatic expansion
Digital and programmatic growth improves inventory flexibility, targeting and monetization. Rising automated sales and digital mix can support recurring yield gains and strengthen Outfront’s competitiveness with enterprise advertisers.
Read all positive factors
Outfront Media (OUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.28B
Dividend Yield3.96%
Average Volume (3M)1.79M
Price to Earnings (P/E)21.4
Beta (1Y)1.15
Revenue Growth7.62%
EPS Growth122.49%
CountryUS
Employees1,984
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)1.42
Shares Outstanding176,135,250
10 Day Avg. Volume1,277,470
30 Day Avg. Volume1,785,028
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)5.69
Price to Sales (P/S)2.21
P/FCF Ratio20.30
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$38.75Price Target Upside20.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.32
Revenue Forecast (FY)$1.98B
Outfront Media Business Overview & Revenue Model
Company Description
Outfront Media Inc. focuses on connecting businesses with consumers in public environments by integrating sophisticated technology, strategic placement, and innovative creativity. The company achieves this through its vast and varied network of ou...
How the Company Makes Money
Outfront Media primarily makes money by selling advertising space and time on its out-of-home media inventory. The core revenue stream is advertising revenue from (1) billboard displays (including static and digital billboards) and (2) transit adv...
Outfront Media Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented strong operational momentum and robust top-line and adjusted OIBDA growth—driven by digital expansion, programmatic acceleration, and a successful World Cup—which management pairs with deliberate investments in data, programmatic sales, and sales tools to capture long-term enterprise opportunities. Near-term headwinds include rising SG&A and operating expenses tied to those investments, accounting treatment of MTA franchise costs, some one-time FIFA-related revenue that may not fully recur, and elevated leverage/interest cost dynamics. On balance, positives around revenue, margin expansion, digital/programmatic traction, and a healthy liquidity position outweigh the transitory and investment-driven challenges.Positive Updates
Strong Consolidated Revenue Growth
Consolidated revenues increased 14% year-over-year, driven by 32% growth in transit and 8% growth in billboard.
Negative Updates
Rising Operating Expenses
Total billboard expenses increased nearly $15 million (~7% YoY). Billboard lease costs rose ~$6 million (~5% YoY) and would have been ~9% higher excluding the LA contract exit. PMO and maintenance rose ~8% due to higher production and compensation.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Consolidated Revenue Growth
Consolidated revenues increased 14% year-over-year, driven by 32% growth in transit and 8% growth in billboard.
Read all positive updates
Company Guidance
The company reiterated full‑year 2026 guidance: it now expects reported AFFO to grow in the low‑20% range versus 2025 AFFO of $338 million, expects full‑year CapEx of about $90 million (roughly $30–$35 million maintenance), plans to add ~125 digital boards in 2026 (51 added in Q2), and said Q3 revenue should be up high single‑digits year‑over‑year driven by roughly 20% transit growth and mid‑single‑digit billboard growth (including a $16 million World Cup benefit split ~$9M billboard / ~$7M transit in Q3); management also noted SG&A will likely grow faster than revenue for the remainder of 2026 due to strategic investments, interest expense included in guidance is about $145 million, committed liquidity is nearly $600 million (≈$30M cash, ≈$500M revolver, $50M AR facility), net leverage was ~4x (bottom of 4–5x target), the company refinanced with $500M notes due 2034 at 6.0%, and the Board raised the quarterly dividend 10% to $0.33 per share.Outfront Media Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
45
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.93B | 1.83B | 1.83B | 1.82B | 1.77B | 1.46B |
| Gross Profit | 674.90M | 587.20M | 881.90M | 857.50M | 855.50M | 679.90M |
| EBITDA | 538.90M | 458.40M | 576.80M | -100.50M | 433.00M | 307.40M |
| Net Income | 244.70M | 147.00M | 258.20M | -425.20M | 142.70M | 35.60M |
Balance Sheet | ||||||
| Total Assets | 5.27B | 5.31B | 5.22B | 5.58B | 5.99B | 5.92B |
| Cash, Cash Equivalents and Short-Term Investments | 31.20M | 99.90M | 46.90M | 36.00M | 40.40M | 424.80M |
| Total Debt | 4.13B | 4.13B | 4.01B | 4.34B | 4.21B | 4.12B |
| Total Liabilities | 4.55B | 4.58B | 4.43B | 4.85B | 4.64B | 4.53B |
| Stockholders Equity | 693.30M | 710.40M | 768.80M | 697.10M | 1.35B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | 296.30M | 199.20M | 209.10M | 167.40M | 157.50M | 8.50M |
| Operating Cash Flow | 390.60M | 307.60M | 299.20M | 254.20M | 254.10M | 98.80M |
| Investing Cash Flow | -125.00M | -113.70M | 207.50M | -107.50M | -449.50M | -224.00M |
| Financing Cash Flow | -262.90M | -140.90M | -495.40M | -151.50M | -188.00M | -162.20M |
Outfront Media Technical Analysis
Neutral
32.03
Price Trends
31.84
Negative
31.06
Negative
27.54
Positive
Market Momentum
-0.63
Positive
39.68
Neutral
17.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OUT, the sentiment is Neutral. The current price of 32.03 is above the 20-day moving average (MA) of 31.17, above the 50-day MA of 31.84, and above the 200-day MA of 27.54, indicating a neutral trend. The MACD of -0.63 indicates Positive momentum. The RSI at 39.68 is Neutral, neither overbought nor oversold. The STOCH value of 17.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for OUT.
Outfront Media Risk Analysis
Outfront Media disclosed 39 risk factors in its most recent earnings report. Outfront Media reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Outfront Media Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $4.62B | 19.31 | 11.34% | 5.67% | 4.53% | 52.99% | |
72 Outperform | $15.41B | 28.05 | 55.48% | 4.11% | 4.39% | 27.37% | |
69 Neutral | $3.20B | 26.01 | 8.96% | ― | 24.35% | 32.67% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | $5.28B | 21.36 | 35.88% | 3.75% | 7.62% | 122.49% | |
60 Neutral | $2.41B | 2.06 | 270.16% | ― | 199.70% | 2008.88% |
* Real Estate Sector Average
OUT
Outfront Media
30.33
12.24
67.68%
CXW
CoreCivic
31.99
11.01
52.48%
LAMR
Lamar Advertising
153.98
37.24
31.91%
EPR
EPR Properties
60.62
10.24
20.32%
UNIT
Uniti Group
10.33
4.23
69.34%
Outfront Media Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Outfront Media boosts dividend after strong quarterly results
Positive
Aug 5, 2026
OUTFRONT Media reported strong financial results for the second quarter ended June 30, 2026, with revenues rising 13.5% year on year to $522.5 million and net income attributable to the company climbing to $77.5 million from $19.5 million. Operati...
Private Placements and Financing
Outfront Media Issues New Senior Unsecured Notes Offering
Neutral
Jun 12, 2026
On June 12, 2026, OUTFRONT Media Inc. and its financing subsidiaries issued $500 million of 6.000% senior unsecured notes due June 15, 2034 in a private placement exempt from U.S. securities registration. The notes, guaranteed on a senior unsecure...
Executive/Board ChangesPrivate Placements and FinancingShareholder Meetings
OUTFRONT Media Refinances Debt and Confirms Board Leadership
Positive
Jun 3, 2026
On June 3, 2026, OUTFRONT Media stockholders re-elected nine incumbent directors, ratified PricewaterhouseCoopers LLP as independent auditor for fiscal 2026, approved on an advisory basis the compensation of named executive officers, and backed an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.