Clear Channel Outdoor stock hits 52-week low at $1.18

Clear Channel Outdoor Holdings Inc . (NYSE:CCO) stock has reached a new 52-week low, touching down at $1.18. According to InvestingPro data, the company maintains a market capitalization of $586 million and generated EBITDA of $505 million in the last twelve months. This latest price point marks a significant downturn for the company, which has seen its stock value decrease by 29.71% over the past year. While the company maintains a healthy current ratio of 1.3, it operates with significant debt and wasn’t profitable over the last twelve months. Investors are closely monitoring the stock as it navigates through a challenging period, with the hope that the outdoor advertising giant will find a strategy to rebound from this low and regain its previous market position. For deeper insights into CCO’s financial health and growth potential, including 8 additional key ProTips, check out the comprehensive research available on InvestingPro.

In other recent news, Clear Channel Outdoor Holdings Inc. reported its financial results for the fourth quarter of 2024, revealing a miss in earnings per share (EPS) against market expectations. The company posted an EPS of -$0.0365, falling short of the forecasted $0.02, with revenue for the quarter reaching $427 million, below the anticipated $646.83 million. Despite a 2.6% increase in consolidated revenue year-over-year, Clear Channel faced challenges in meeting EPS expectations, impacting investor sentiment. Additionally, Clear Channel has obtained all necessary regulatory clearances to proceed with the sale of its Europe-North advertising segment to Bauer Radio Limited, expected to finalize on March 31, 2025. This sale aligns with Clear Channel’s strategy to focus on higher-margin U.S. operations. Analyst firms have not provided any recent upgrades or downgrades for Clear Channel. The company continues to emphasize growth in its digital footprint, with digital revenue now constituting 39.5% of Americas revenue, marking a 7.6% increase. Clear Channel’s outlook for 2025 projects consolidated revenue between $1.562 billion and $1.607 billion, suggesting a 4% to 7% increase.

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