Clear Channel Outdoor Holdings, Inc. (CCO) Expected to Announce Earnings of $0.04 Per Share
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.
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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