During the last session, Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s traded shares were 4.23 million, with the beta value of the company hitting 2.59. At the end of the trading day, the stock’s price was $0.94, reflecting an intraday loss of -2.08% or -$0.02. The 52-week high for the CCO share is $1.88, that puts it down -100.0 from that peak though still a striking 13.83% gain since the share price plummeted to a 52-week low of $0.81. The company’s market capitalization is $460.66M, and the average intraday trading volume over the past 10 days was 3.83 million shares, and the average trade volume was 1.74 million shares over the past three months.
Clear Channel Outdoor Holdings Inc (CCO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. CCO has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
Clear Channel Outdoor Holdings Inc (NYSE:CCO) trade information
Clear Channel Outdoor Holdings Inc (CCO) registered a -2.08% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.08% in intraday trading to $0.94, hitting a weekly high. The stock’s 5-day price performance is -9.62%, and it has moved by -17.54% in 30 days. Based on these gigs, the overall price performance for the year is -36.05%. The short interest in Clear Channel Outdoor Holdings Inc (NYSE:CCO) is 35.8 million shares and it means that shorts have 19.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.25, which implies an increase of 71.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.25 and $3.25 respectively. As a result, CCO is trading at a discount of -245.74% off the target high and -245.74% off the low.
Clear Channel Outdoor Holdings Inc (CCO) estimates and forecasts
In the rating firms’ projections, revenue will increase 3.59% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 337.22M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 390.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 481.75M and 558.54M respectively. In this case, analysts expect current quarter sales to shrink by -30.00% and then drop by -30.03% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.67%. While earnings are projected to return 39.20% in 2025, the next five years will return 45.72% per annum.
CCO Dividends
Clear Channel Outdoor Holdings Inc is due to release its next quarterly earnings on 2025-Feb-23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Clear Channel Outdoor Holdings Inc (NYSE:CCO)’s Major holders
Clear Channel Outdoor Holdings Inc insiders own 17.63% of total outstanding shares while institutional holders control 83.32%, with the float percentage being 101.15%. ALLIANZ ASSET MANAGEMENT GMBH is the largest shareholder of the company, while 232.0 institutions own stock in it. As of 2024-06-30, the company held over 104.86 million shares (or 21.6778% of all shares), a total value of $147.85 million in shares.
The next largest institutional holding, with 55.83 million shares, is of ARES MANAGEMENT LLC’s that is approximately 11.4231% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $78.72 million.
