Outfront Media Inc (OUT)
NYSE:OUT
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Outfront Media
(NYSE:OUT)
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Rating:60Neutral
Price Target:
$33.00
▲(9.96% Upside)
Action:Reiterated
Date:06/04/26
The score is mainly held back by balance-sheet leverage despite improving fundamentals. The latest earnings call was a clear positive with accelerating growth and higher expected AFFO, while technicals are moderately supportive but not strongly trending. Valuation is a modest headwind due to a higher P/E, partially offset by the dividend yield.
Positive Factors
Digital & programmatic momentum
Sustained growth in programmatic digital sales increases yield per asset and recurring, scalable revenue. Over time a larger digital mix and automation improve margin resilience, enable shorter buy cycles, and diversify advertiser demand away from static inventory, strengthening long-term monetization.
Negative Factors
Elevated leverage
High historical leverage and still-significant absolute debt magnify refinancing, interest‑rate and cyclical advertising risks. Elevated debt constrains capital allocation, increases interest burden and heightens sensitivity of AFFO and dividend sustainability to downturns or slower revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Digital & programmatic momentum
Sustained growth in programmatic digital sales increases yield per asset and recurring, scalable revenue. Over time a larger digital mix and automation improve margin resilience, enable shorter buy cycles, and diversify advertiser demand away from static inventory, strengthening long-term monetization.
Read all positive factors
Outfront Media (OUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.52B
Dividend Yield5.02%
Average Volume (3M)1.65M
Price to Earnings (P/E)29.3
Beta (1Y)1.23
Revenue Growth3.17%
EPS Growth-33.22%
CountryUS
Employees2,149
SectorReal Estate
Sector Strength53
IndustryREIT - Specialty
Share Statistics
EPS (TTM)1.08
Shares Outstanding176,063,500
10 Day Avg. Volume1,820,751
30 Day Avg. Volume1,651,028
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 Cap1.77
Enterprise Value/Revenue5.22
Enterprise Value/Gross Profit13.85
Enterprise Value/Ebitda20.17
Forecast
1Y Price Target
$36.20Price Target Upside20.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)1.31
Revenue Forecast (FY)$1.96B
Outfront Media Business Overview & Revenue Model
Company Description
Outfront Media Inc. leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Thro...
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:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 30, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive performance with meaningful top-line acceleration (revenues +10%), a large OIBDA improvement (+56% to ~$100M), strong transit momentum (transit +22%, NY MTA +26%), and clear digital/programmatic traction (programmatic +~40%). Management highlighted ongoing investments, healthy liquidity (> $700M), and a constructive outlook (Q2 rev growth >10%). Offsetting factors include one-time combination revenues and the exit of a large LA contract that complicate comparability, a small transit adjusted OIBDA loss still on the books, timing-related MTA accounting complexities (~$7M Q1 impact and higher Q4 franchise expense expected), and modest increases in operating expenses and leveraged capital structure. On balance, the substantive operational improvements, strong cash/liquidity position, and reiterated growth plans outweigh the comparability issues and near-term expense/headwind items.Positive Updates
Strong Consolidated Financial Performance
Consolidated revenues up 10% year-over-year; consolidated adjusted OIBDA up 56% to about $100 million; AFFO more than doubled in the quarter to $61 million.
Negative Updates
One-Time Combination Revenue Inflates Comparables
The results include approximately $13.5 million of combination billboard revenue and related OIBDA that materially boosted Q1 billboard results; excluding these items billboard revenue growth and digital growth metrics are meaningfully lower (management cites billboard ex-items growth of ~4% and reported static billboard ex-items nearly 2%).
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Consolidated Financial Performance
Consolidated revenues up 10% year-over-year; consolidated adjusted OIBDA up 56% to about $100 million; AFFO more than doubled in the quarter to $61 million.
Read all positive updates
Company Guidance
The company guided that Q2 revenue growth should accelerate to over 10% year‑over‑year, driven by roughly 30% transit growth and mid‑single‑digit billboard growth (while noting a Q2 2025 comparability headwind from exiting a Los Angeles contract that generated about $4.4M), and said World Cup activity will provide a benefit in June/July. For full‑year 2026 they expect consolidated AFFO to grow in the mid‑teens versus 2025 AFFO of $338M, plan roughly $90M of CapEx (with $30–35M of maintenance CapEx), intend to convert ~125 billboards to digital in 2026 (14 converted in Q1), and expect interest expense of approximately $145M plus a small amount of cash taxes. Q1 metrics supporting the outlook included adjusted OIBDA of about $100M (up 56%), Q1 AFFO of $61M (more than doubled), consolidated revenues +10% (billboard +7.1% including $13.5M of combination revenue; transit +22% with NY MTA >26%), combined digital revenue +11% (~1/3 of total, digital transit ≈$45M), programmatic/digital automated sales +~40% (now 20% of digital), Q1 CapEx ~$24M (including ~$7M maintenance), committed liquidity >$700M (≈$70M cash, ≈$500M revolver, $150M AR securitization), net leverage 4.3x (target 4–5x), and a $0.30 cash dividend payable June 30.Outfront Media Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
44
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.87B | 1.83B | 1.83B | 1.82B | 1.77B | 1.46B |
| Gross Profit | 705.50M | 587.20M | 881.90M | 857.50M | 855.50M | 679.90M |
| EBITDA | 484.40M | 458.40M | 576.80M | -100.50M | 433.00M | 307.40M |
| Net Income | 186.70M | 147.00M | 258.20M | -425.20M | 142.70M | 35.60M |
Balance Sheet | ||||||
| Total Assets | 5.24B | 5.31B | 5.22B | 5.58B | 5.99B | 5.92B |
| Cash, Cash Equivalents and Short-Term Investments | 67.20M | 99.90M | 46.90M | 36.00M | 40.40M | 424.80M |
| Total Debt | 4.16B | 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 | 661.90M | 710.40M | 768.80M | 697.10M | 1.35B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | 238.00M | 199.20M | 221.10M | 167.40M | 157.50M | 8.50M |
| Operating Cash Flow | 349.30M | 307.60M | 299.20M | 254.20M | 254.10M | 98.80M |
| Investing Cash Flow | -127.00M | -113.70M | 207.50M | -107.50M | -449.50M | -224.00M |
| Financing Cash Flow | -185.60M | -140.90M | -495.40M | -151.50M | -188.00M | -162.20M |
Outfront Media Technical Analysis
Positive
30.01
Price Trends
30.40
Positive
28.23
Positive
24.09
Positive
Market Momentum
0.29
Positive
47.26
Neutral
14.21
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OUT, the sentiment is Positive. The current price of 30.01 is below the 20-day moving average (MA) of 32.37, below the 50-day MA of 30.40, and above the 200-day MA of 24.09, indicating a neutral trend. The MACD of 0.29 indicates Positive momentum. The RSI at 47.26 is Neutral, neither overbought nor oversold. The STOCH value of 14.21 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $4.30B | 16.11 | 11.68% | 7.05% | 2.71% | 96.98% | |
74 Outperform | $15.32B | 27.93 | 56.10% | 4.90% | 3.36% | 31.50% | |
68 Neutral | $2.28B | 18.53 | 9.00% | ― | 19.89% | 62.08% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $2.86B | 2.48 | -446.35% | ― | 149.33% | 1191.20% | |
60 Neutral | $5.52B | 29.33 | 27.72% | 5.02% | 3.17% | -33.22% |
* Real Estate Sector Average
OUT
Outfront Media
31.20
15.69
101.19%
CXW
CoreCivic
23.21
1.23
5.60%
LAMR
Lamar Advertising
151.42
36.50
31.76%
EPR
EPR Properties
57.36
4.37
8.24%
UNIT
Uniti Group
11.68
4.47
61.88%
Outfront Media Corporate Events
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...
DividendsFinancial Disclosures
Outfront Media Delivers Strong Q1 Results, Boosts Dividend
Positive
May 7, 2026
OUTFRONT Media reported strong first-quarter 2026 results on May 7, 2026, with revenue rising 10% year over year to $429.6 million and net income swinging to a $19.1 million profit from a prior loss, driven by broad-based gains in billboard and tr...
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.