Clear Channel Outdoor Holdings Inc. (NYSE: CCO) closed the day trading at $1.75 down -2.23% from the previous closing price of $1.79. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 599568 shares were traded.
Ratios:
For a better understanding of CCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $2.75 from $1.50 previously.
On July 08, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $4 to $1.50.
Barrington Research Upgraded its Mkt Perform to Outperform on November 11, 2021, while the target price for the stock was maintained at $5.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCO now has a Market Capitalization of 865.86M and an Enterprise Value of 7.79B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36. Its current Enterprise Value per Revenue stands at 3.66 whereas that against EBITDA is 15.41.
Stock Price History:
Over the past 52 weeks, CCO has reached a high of $2.06, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is 1.7424, while the 200-Day Moving Average is calculated to be 1.4981.
Shares Statistics:
Over the past 3-months, CCO traded about 2.46M shares per day on average, while over the past 10 days, CCO traded about 2.09M shares per day. A total of 483.06M shares are outstanding, with a floating share count of 418.99M. Insiders hold about 13.38% of the company’s shares, while institutions hold 88.87% stake in the company. Shares short for CCO as of Feb 15, 2024 were 25.54M with a Short Ratio of 10.38, compared to 28.02M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.29% and a Short% of Float of 8.07%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.2, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.19 and -$0.28 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.14, with 5 analysts recommending between -$0.1 and -$0.19.
Revenue Estimates
5 analysts predict $478.55M in revenue for the current quarter. It ranges from a high estimate of $483M to a low estimate of $474.18M. As of the current estimate, Clear Channel Outdoor Holdings Inc.’s year-ago sales were $545.43M, an estimated decrease of -12.30% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for CCO’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.24B, resulting in an average revenue estimate of $2.25B. In the same quarter a year ago, actual revenue was $2.13B, up 5.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.36B and the low estimate is $2.3B. The average revenue growth estimate for next year is up 3.50% from the average revenue estimate for this year.
