Outerwall Inc (OUTR) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $2.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.08. Analysts had a consensus of $1.36. The company posted revenue of $535.96 million in the period, compared to analysts expectations of $508.34 million. The company’s revenue was down -11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS.
Many Wall Street Analysts have commented on Outerwall Inc. Company shares were Reiterated by Wedbush on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Outerwall Inc was Downgraded by Piper Jaffray to ” Neutral” on Feb 5, 2016.
Outerwall Inc closed down -0.92 points or -2.13% at $42.2 with 6,47,688 shares getting traded on Wednesday. Post opening the session at $42.89, the shares hit an intraday low of $41.905 and an intraday high of $44.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Nov 20, 2015, James Gaherity (President, Coinstar) sold 950 shares at $65.32 per share price. According to the SEC, on May 27, 2015, Galen C Smith (Chief Financial Officer) sold 4,112 shares at $79.12 per share price. On May 22, 2015, Peter Osvaldik (Chief Accounting Officer) sold 852 shares at $77.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Outerwall Inc. is a provider of automated retail solutions. The Company’s business segments include The Redbox Coinstar and New Ventures. The Redbox segment is focused on the entertainment consumer sector where consumers can rent or purchase movies and video games from self-service kiosks. The Coinstar business segment is focused on the money consumer sector and provides self-service kiosks where consumers can convert their coins to cash and convert coins and paper bills to stored value products. Its New Ventures segment identifies evaluates builds and develops self-service concepts in the automated retail space.