Clear Channel Outdoor (NYSE:CCO – Get Free Report) announced its quarterly earnings data on Monday. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04), Zacks reports. Clear Channel Outdoor updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
Clear Channel Outdoor Stock Performance
Shares of NYSE CCO opened at $1.34 on Tuesday. Clear Channel Outdoor has a one year low of $1.29 and a one year high of $2.06. The company’s fifty day moving average is $1.41 and its two-hundred day moving average is $1.50. The firm has a market capitalization of $652.92 million, a P/E ratio of -4.60 and a beta of 3.03.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CCO. Barrington Research restated an “outperform” rating and set a $2.50 target price on shares of Clear Channel Outdoor in a research report on Monday. TD Cowen decreased their target price on shares of Clear Channel Outdoor from $2.60 to $2.40 and set a “buy” rating on the stock in a research report on Friday, November 1st.
Clear Channel Outdoor Company Profile
Clear Channel Outdoor Holdings, Inc operates as an out-of-home advertising company in the United States, Europe, and internationally. It operates through America, Airports, Europe-North, and Other segments. The company provides advertising services through billboards, including bulletins and posters, as well as spectaculars, which are customized display structures with videos, multi-dimensional lettering and figures, mechanical devices, moving parts, and other embellishments; street furniture displays, such as advertising surfaces on bus shelters, information kiosks, news racks, and other public structures; transit displays for rail stations and on various types of vehicles; retail displays; and airport advertising displays.
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