Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s traded shares stood at 0.58 million during the latest session, with the company’s beta value hitting 2.75. At the last check today, the stock’s price was $1.11, to imply a decrease of -0.89% or -$0.01 in intraday trading. The CCO share’s 52-week high remains $1.88, putting it -69.37% down since that peak but still an impressive 1.8% since price per share fell to its 52-week low of $1.09. The company has a valuation of $543.97M, with an average of 1.85 million shares in intraday trading volume over the past 10 days and average of 1.30 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Clear Channel Outdoor Holdings Inc (CCO), translating to a mean rating of 2.60. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CCO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
Clear Channel Outdoor Holdings Inc (NYSE:CCO) trade information
After registering a -0.89% downside in the latest session, Clear Channel Outdoor Holdings Inc (CCO) has traded red over the past five days. The 5-day price performance for the stock is -3.48%, and -20.71% over 30 days. With these gigs, the year-to-date price performance is -18.98%. Short interest in Clear Channel Outdoor Holdings Inc (NYSE:CCO) saw shorts transact 33.93 million shares and set a 29.16 days time to cover.
The extremes give us $3.25 and $3.25 for target low and target high price respectively. As such, CCO has been trading -192.79% off suggested target high and -192.79% from its likely low.
Clear Channel Outdoor Holdings Inc (CCO) estimates and forecasts
The rating firms project that company’s revenue will grow 55.49% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 502.53M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 582.98M.Earnings reports from the last fiscal year show that sales brought in 481.75M and 558.54M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 4.31% before jumping 4.38% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.67% for the past 5-year period. While 2025 is set for a 46.01% return in earnings, projections for the next 5 years are at 66.23% annually.
CCO Dividends
Clear Channel Outdoor Holdings Inc has its next earnings report out on 2025-Feb-23. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s Major holders
Clear Channel Outdoor Holdings Inc insiders hold 17.33% of total outstanding shares, with institutional holders owning 84.95% of the shares at 102.75% float percentage. In total, 84.95% institutions holds shares in the company, led by ALLIANZ ASSET MANAGEMENT GMBH. As of 2024-06-30, the company held over 104.86 million shares (or 21.6778% of shares), all amounting to roughly $147.85 million.
The next major institution holding the largest number of shares is ARES MANAGEMENT LLC with 55.83 million shares, or about 11.4231% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $78.72 million.
We also have PIMCO Income Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Clear Channel Outdoor Holdings Inc (CCO) shares. Going by data provided on Dec 31, 2024, PIMCO Income Fund holds roughly 50.86 shares. This is just over 10.38% of the total shares, with a market valuation of $56.71 million. Data from the same date shows that the other fund manager holds a little less at 9.78, or 2.00% of the shares, all valued at about 10.9 million.
