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NEW YORK, October 12, 2019 – Shares of Outfront Media Inc. (NYSE: OUT) loss -0.72% to $27.45. The stock traded total volume of 563.896K shares lower than the average volume of 948.68K shares.
OUTFRONT Media Inc. (OUT) reported organic revenues of $371.70M increased $33.80M, or 10.0%, for the first quarter of 2019 as compared to the same prior-year period. On an organic basis, revenues of $371.70M for the first quarter of 2019 increased 10.2%.
Reported billboard revenues of $251.00M increased $11.70M, or 4.9%, due to higher average revenue per display (yield) and the growth in revenues from digital billboard conversions. On an organic basis, billboard revenues increased 5.2% due to an increase in yield and the growth in revenues from digital billboard conversions.
Reported transit and other revenues of $120.70M increased $22.10M, or 22.4%, due primarily to an increase in yield and the net effect of won and lost franchises in the period. On an organic basis, transit and other revenues increased 22.5% due primarily to an increase in yield, growth in revenues from digital conversions and the net effect of won and lost franchises in the period.
Total Operating expenses of $216.90M increased $19.80M, or 10.0%, due primarily to higher transit franchise expenses due to higher transit revenues, the addition of our San Francisco Bay Area Rapid Transit (“BART”) transit franchise agreement, higher posting, maintenance and other expenses, and higher billboard lease expense. Selling, General and Administrative expenses (“SG&A”) of $73.30M increased $8.70M, or 13.5%, due primarily to higher compensation and other employee-related costs and higher professional fees. Adjusted OIBDA of $86.80M increased $5.60M, or 6.9%.
OUT has the market capitalization of $3.85B and its EPS growth ratio for the past five years was -9.20%. The return on assets ratio of the Company was 3.50% while its return on investment ratio stands at 6.70%. Price to sales ratio was 2.27 while 97.50% of the stock was owned by institutional investors.