Tag: outfront

Paul Wright on OUTFRONT

Billboard Insider asked SignValue’s Paul Wright to talk about OUTFRONT’s Canadian sale and new equity investors.  Wright also talked about the return of airport traffic which is good news for OUTFRONT, JCDecaux and Clear Channel Outdoor. What’s your take on the OUTFRONT Canada sale? We like OUTFRONT’s sale of their […]

Three Things About the OUTFRONT Canada Sale

OUTFRONT shares increased 8% this week following news that the OUTFRONT is selling OUTFRONT Canada to Bell Media for $300 million US.  Three things about the sale. Stock purchase The transaction is a purchase of the shares of OUTFRONT Canada, not a purchase of assets.  This carries more risk for […]

Moreno and Verde Buy 5.2% of OUTFRONT Stock

Earlier this year Arte Moreno, Ernie Garcia and Verde Investments were part of a group that purchased 7.3% of the stock of Clear Channel Outdoor.  They are at it again.  This week Garcia’s Verde Investments and Artie Moreno purchased 5.2% of OUTFRONT Media’s common stock.  Billboard Insider Values the groups […]

An Acceptable Hurdle Rate for OOH Projects is 15-25% Depending on Risk

A hurdle rate is the minimum acceptable return on new capital expenditures.  It is the excess cashflow (EBITDA) on a new out of home capital project divided by the incremental cost of the out of home capital project.  Two-thirds of Billboard Insider’s readers have a hurdle rate for new out […]

What’s Your OOH Company Target ROI?

A reader asks: I was working with my Controller recently on some financial planning and forecasting and the question came up on what a target ROI should be on a billboard. The ROI or return on investment or hurdle rate is the minimum return you want to see from capital […]

Clear Channel Stock Up, Lamar and OUTFRONT Down in 3Q 23

  Clear Channel Stock increased 14% during the third quarter of 2023 versus a 1.5% decline for the S&P 500.  An investor group which includes Artie Moreno, SunChase (e.g William Pope) and Verde (think Ernie Garcia) bought more shares of Clear Channel Outdoor during the quarter.  At 9/28/23 their investment […]

Third Quarter 2023 Out of Home Dividends

Yesterday Lamar advertising declared a $1.25 quarterly dividend on Class A and B common shares.  This equates to a return of 5.46% per annum return on Lamar’s stock price of $91.58. Outfront declared a $0.30 quarterly dividend which equates to a 10.1% return on stock on a stock price of […]

OUTFRONT’s Matt Siegel on Transit Challenges and Fewer Acquisitions

OUTFRONT CFO Matt Siegel spoke at Oppenheimer’s 26th annual tech, internet and communications conference last week.  Some of the highlights. OUTFRONT’s business We have a major presence in large cities focusing heavily on New York Los Angeles and growing Miami. In transit we have operations and trains commuter rail buses […]

OUTFRONT Revenues up 4% in 2Q 2023

OUTFRONT, like Lamar, revised down revenue guidance on yesterday’s conference call.  Here are the results of the OUTFRONT 2Q 2023 earnings release, 2Q 2023 earnings deck and conference call. Revenue increased by 4% to $468 million during the second quarter of 2023.  The company’s US media billboard yield increased by […]

Place Exchange Partners with OUTFRONT in Canada

Toronto, Canada (Aug 1, 2023) — Place Exchange, the leading SSP for programmatic out-of-home (OOH) media, today announced its integration with OUTFRONT Media in Canada, the latest company to join the list of Place Exchange Canadian partners that make up its vast supply footprint in the country. OUTFRONT Media operates […]