Outerwall Inc (OUTR) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $2.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.04. Analysts had a consensus of $1.37. The company posted revenue of $518.00 million in the period, compared to analysts expectations of $486.99 million. The company’s revenue was down -5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.19 EPS.
Many Wall Street Analysts have commented on Outerwall Inc. Outerwall Inc was Downgraded by Dougherty & Company to ” Sell” on Jul 26, 2016. Company shares were Reiterated by Wedbush on Jul 26, 2016 to “Neutral”, Firm has raised the Price Target to $ 52 from a previous price target of $45 .Outerwall Inc was Downgraded by ROTH Capital to ” Sell” on Jul 25, 2016.
Outerwall Inc opened for trading at $52.22 and hit $52.52 on the upside on Thursday, eventually ending the session at $52.34, with a gain of 0.19% or 0.1 points. The heightened volatility saw the trading volume jump to 17,27,514 shares. Company has a market cap of $901 M.
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.