Equities analysts forecast that Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) will announce earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Clear Channel Outdoor’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.04. Clear Channel Outdoor reported earnings of $0.28 per share in the same quarter last year, which indicates a negative year over year growth rate of 85.7%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Clear Channel Outdoor will report full-year earnings of ($0.23) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.22). For the next year, analysts anticipate that the company will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.19) to ($0.13). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Clear Channel Outdoor.

A number of equities analysts have commented on CCO shares. ValuEngine cut shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Clear Channel Outdoor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Loop Capital dropped their price objective on shares of Clear Channel Outdoor from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, November 9th. Finally, Scotiabank reissued a “sell” rating and issued a $12.00 price objective on shares of Clear Channel Outdoor in a research note on Monday, December 4th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.94.

Several institutional investors have recently added to or reduced their stakes in CCO. Vanguard Group Inc. lifted its holdings in shares of Clear Channel Outdoor by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 2,769,397 shares of the business services provider’s stock worth $16,754,000 after acquiring an additional 151,067 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Clear Channel Outdoor by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 279,116 shares of the business services provider’s stock valued at $1,688,000 after buying an additional 21,374 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Clear Channel Outdoor by 11.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 85,037 shares of the business services provider’s stock valued at $515,000 after buying an additional 8,721 shares in the last quarter. Bank of America Corp DE lifted its holdings in Clear Channel Outdoor by 819.0% during the 1st quarter. Bank of America Corp DE now owns 57,685 shares of the business services provider’s stock valued at $349,000 after buying an additional 51,408 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Clear Channel Outdoor by 20.4% during the 2nd quarter. Rhumbline Advisers now owns 44,703 shares of the business services provider’s stock valued at $217,000 after buying an additional 7,574 shares in the last quarter. Hedge funds and other institutional investors own 9.47% of the company’s stock.

Shares of Clear Channel Outdoor (NYSE:CCO) traded down $0.25 during trading hours on Friday, hitting $4.55. 236,231 shares of the company’s stock were exchanged, compared to its average volume of 219,881. Clear Channel Outdoor has a 1-year low of $3.35 and a 1-year high of $6.35. The stock has a market cap of $1,660.00, a PE ratio of 227.50 and a beta of 1.71. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of -4.10.

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Clear Channel Outdoor Company Profile

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

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Earnings History and Estimates for Clear Channel Outdoor (NYSE:CCO)

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