Outerwall Inc. (NASDAQ:OUTR) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the company. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.80.
Several equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $58.00 target price on shares of Outerwall in a research report on Tuesday, July 19th. Craig Hallum lowered Outerwall from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Roth Capital lowered Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 target price on the stock. in a research report on Monday, July 25th. Wedbush lowered Outerwall from an “outperform” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research report on Monday, July 25th. They noted that the move was a valuation call. Finally, Dougherty & Co lowered Outerwall from a “neutral” rating to a “sell” rating in a research report on Monday, July 25th.
In related news, insider Engaged Capital Llc sold 999,000 shares of the firm’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in Outerwall during the fourth quarter worth $7,540,000. Aperio Group LLC bought a new position in Outerwall during the first quarter worth $487,000. Teachers Advisors Inc. raised its position in Outerwall by 0.4% in the first quarter. Teachers Advisors Inc. now owns 31,139 shares of the company’s stock worth $1,152,000 after buying an additional 132 shares during the period. JPMorgan Chase & Co. raised its position in Outerwall by 52.9% in the first quarter. JPMorgan Chase & Co. now owns 692,972 shares of the company’s stock worth $25,633,000 after buying an additional 239,639 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in Outerwall during the first quarter worth $229,000.
Outerwall (NASDAQ:OUTR) remained flat at $52.00 on Wednesday. The stock has a 50 day moving average of $51.98 and a 200-day moving average of $44.46. The company has a market cap of $842.92 million, a PE ratio of 6.68 and a beta of 1.69. Outerwall has a 12 month low of $24.81 and a 12 month high of $66.68.
Outerwall (NASDAQ:OUTR) last issued its earnings results on Thursday, July 28th. The company reported $2.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $1.04. Outerwall had a return on equity of 2,419.68% and a net margin of 6.29%. The firm had revenue of $518 million for the quarter, compared to analyst estimates of $487.29 million. During the same period last year, the company earned $2.19 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Equities analysts predict that Outerwall will post $7.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Tuesday, August 23rd were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 19th. This represents a $2.40 annualized dividend and a yield of 4.62%. Outerwall’s dividend payout ratio is currently 30.89%.
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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