Outfront Media Inc (OUT)
NYSE:OUT
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Outfront Media
(NYSE:OUT)
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Rating:63Neutral
Price Target:
$36.00
▲(19.96% Upside)
Action:Reiterated
Date:05/09/26
The score is driven by improving operating performance and a positive outlook from the latest earnings call, plus strong price trend signals. These positives are tempered most by balance-sheet leverage risk and an expensive valuation (high P/E), with overbought technicals adding near-term volatility risk.
Positive Factors
Cash generation & FCF
TTM operating cash flow and free cash flow have improved materially with FCF up ~17%. Durable cash generation supports the company’s dividend, funding of planned digital conversions and ~ $90M FY capex, and provides liquidity to absorb ad-cycle volatility without immediate reliance on new debt.
Negative Factors
High leverage & interest burden
Historically very high leverage increases refinancing and rate-sensitivity risks for a REIT. Even with net leverage near management targets and TTM improvement, substantial absolute debt and notable interest expense limit free cash flow flexibility, constrain capital allocation choices, and heighten exposure to interest-rate cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation & FCF
TTM operating cash flow and free cash flow have improved materially with FCF up ~17%. Durable cash generation supports the company’s dividend, funding of planned digital conversions and ~ $90M FY capex, and provides liquidity to absorb ad-cycle volatility without immediate reliance on new debt.
Read all positive factors
Outfront Media (OUT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.78B
Dividend Yield5.02%
Average Volume (3M)1.49M
Price to Earnings (P/E)60.9
Beta (1Y)1.24
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. Volume2,102,969
30 Day Avg. Volume1,487,945
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 Cap1.72
Enterprise Value/Revenue5.33
Enterprise Value/Gross Profit14.12
Enterprise Value/Ebitda20.57
Forecast
1Y Price Target
$35.50Price Target Upside18.29% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
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 primarily makes money by selling advertising space (media inventory) across two main categories: (1) billboard advertising and (2) transit advertising. Revenue is generated when advertisers (or their agencies) purchase the right to displa...
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
29.34
Positive
27.39
Positive
23.33
Positive
Market Momentum
0.87
Positive
62.03
Neutral
30.63
Neutral
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 31.59, above the 50-day MA of 29.34, and above the 200-day MA of 23.33, indicating a bullish trend. The MACD of 0.87 indicates Positive momentum. The RSI at 62.03 is Neutral, neither overbought nor oversold. The STOCH value of 30.63 is Neutral, 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 | $4.47B | 15.23 | 11.68% | 7.05% | 2.71% | 96.98% | |
74 Outperform | $15.40B | 31.69 | 56.10% | 4.90% | 3.36% | 31.50% | |
68 Neutral | $2.12B | 12.87 | 9.00% | ― | 19.89% | 62.08% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $5.78B | 60.87 | 27.72% | 5.02% | 3.17% | -33.22% | |
58 Neutral | $2.66B | ― | -446.35% | ― | 149.33% | 1191.20% |
* Real Estate Sector Average
OUT
Outfront Media
33.33
18.49
124.58%
CXW
CoreCivic
21.12
-1.28
-5.71%
LAMR
Lamar Advertising
152.61
43.75
40.18%
EPR
EPR Properties
58.71
9.68
19.74%
UNIT
Uniti Group
11.12
3.82
52.37%
Outfront Media Corporate Events
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...
Business Operations and StrategyDividendsFinancial Disclosures
Outfront Media Posts Strong Q4 2025 Results, Raises Outlook
Positive
Feb 25, 2026
Outfront Media on February 25, 2026, reported fourth-quarter 2025 revenue of $513.3 million, up 4.1% year over year, with operating income rising to $133.5 million and net income reaching $96.8 million, or $0.55 per diluted share. Adjusted OIBDA i...
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.