Published On: Sat, Sep 10th, 2016

Outerwall Inc. (OUTR) Trading Up 0%

Shares of Outerwall Inc. (NASDAQ:OUTR) were up 0% during mid-day trading on Friday . The stock traded as high as $51.89 and last traded at $51.87, with a volume of 168,861 shares trading hands. The stock had previously closed at $51.86.
Several analysts have issued reports on OUTR shares. B. Riley restated a “buy” rating and issued a $58.00 price objective on shares of Outerwall in a research note on Tuesday, July 19th. JPMorgan Chase & Co. restated a “sell” rating and issued a $31.00 price objective on shares of Outerwall in a research note on Wednesday, July 20th. Wedbush lowered Outerwall from an “outperform” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Monday, July 25th. They noted that the move was a valuation call. Roth Capital lowered Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 price objective on the stock. in a research note on Monday, July 25th. Finally, Craig Hallum lowered Outerwall from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $49.50.
The company has a market cap of $840.65 million, a PE ratio of 6.66 and a beta of 1.69. The company has a 50-day moving average price of $51.99 and a 200-day moving average price of $42.62.

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Outerwall (NASDAQ:OUTR) last released its quarterly earnings results on Thursday, July 28th. The company reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $1.04. The business earned $518 million during the quarter, compared to the consensus estimate of $487.29 million. Outerwall had a return on equity of 2,419.68% and a net margin of 6.29%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.19 EPS. Equities research analysts forecast that Outerwall Inc. will post $7.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $2.40 dividend on an annualized basis and a yield of 4.63%. Outerwall’s dividend payout ratio (DPR) is currently 30.89%.
In other Outerwall news, insider Engaged Capital Llc sold 999,000 shares of Outerwall stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $52.36, for a total transaction of $52,307,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.
Outerwall Company Profile
Outerwall Inc is a provider of automated retail solutions. The Company’s business segments are Redbox, Coinstar and ecoATM. Its offerings include Redbox business, which enables consumers to rent or purchase movies and video games from self-service kiosks (Redbox segment); Coinstar business, which enables consumers to convert their coins to cash and convert coins and cash to stored value products at self-service kiosks (Coinstar segment), and ecoATM business, which enables consumers to sell electronic devices for cash at self-service kiosks, and purchase and sell electronic devices for cash through an online solution under its Gazelle brand.

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