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Last $60.27 USD
Change Today +0.38 / 0.63%
Volume 334.5K
OUTR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

outerwall inc (OUTR) Snapshot

Open
$60.53
Previous Close
$59.89
Day High
$60.65
Day Low
$59.22
52 Week High
07/21/15 - $85.26
52 Week Low
10/10/14 - $51.17
Market Cap
1.1B
Average Volume 10 Days
525.5K
EPS TTM
$8.85
Shares Outstanding
18.1M
EX-Date
08/26/15
P/E TM
6.8x
Dividend
$1.20
Dividend Yield
1.49%
Current Stock Chart for OUTERWALL INC (OUTR)

outerwall inc (OUTR) Details

Outerwall Inc., through its subsidiaries, provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom. Its Redbox segment owns and operates approximately 43,680 Redbox kiosks in 36,140 locations that enable consumers to rent or purchase movies and video games. The company’s Coinstar segment owns and operates approximately 21,340 coin-counting kiosks in 20,250 locations, which enable consumers to convert their coin to cash, convert coins and paper bills to stored value products, and exchange gift cards for cash. Its New Ventures segment focuses on identifying, evaluating, building, acquiring, and developing innovative self-service concepts in the automated retail space. Outerwall Inc.’s kiosks are located primarily in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, malls, and restaurants. The company was formerly known as Coinstar, Inc. and changed its name to Outerwall Inc. in April 2013. Outerwall Inc. was founded in 1989 and is based in Bellevue, Washington.

2,760 Employees
Last Reported Date: 02/5/15
Founded in 1989

outerwall inc (OUTR) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $478.7K
President of the Redbox Business
Total Annual Compensation: $418.4K
Chief Legal Officer, General Counsel and Corp...
Total Annual Compensation: $440.1K
Compensation as of Fiscal Year 2014.

outerwall inc (OUTR) Key Developments

Outerwall Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Goodwill Impairment for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2015

Outerwall Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced revenue of $545,369,000 compared to $546,527,000 for the same period a year ago. Operating loss was $17,492,000 compared to operating income of $51,997,000 for the same period a year ago. Loss from continuing operations before income taxes was $29,166,000 compared to income from continuing operations before income taxes of $30,138,000 for the same period a year ago. Loss from continuing operations was $47,351,000 compared to income from continuing operations of $23,833,000 for the same period a year ago. Net loss was $45,616,000 or $2.56 per diluted share compared to net income of $21,753,000 or $1.05 per diluted share for the same period a year ago. Loss from continuing operations attributable to common shares, diluted was $47,472,000 or $2.66 per diluted share compared to income from continuing operations attributable to common shares, diluted of $23,036,000 or $1.15 per diluted share for the same period a year ago. Net cash flows from operating activities were $75,143,000 compared to $62,833,000 for the same period a year ago. Purchases of property and equipment were $19,508,000 compared to $26,076,000 for the same period a year ago. Adjusted EBITDA from continuing operations was $34,820,000 compared to $97,801,000 for the same period a year ago. Core adjusted EBITDA from continuing operations was $121,848,000 compared to $111,680,000 for the same period a year ago. Core diluted EPS from continuing operations was $2.19 compared to $1.52 for the same period a year ago. Free cash flow was $55,635,000 compared to $36,757,000 for the same period a year ago. The year-over-year increase in core adjusted EBITDA was primarily due to higher Redbox segment operating income in the second quarter of 2015. Operating loss increased primarily due to the $85.9 million goodwill impairment charge recognized in the quarter. Excluding the charge, segment operating loss increased $2.5 million, primarily due to an increase in direct operating expenses associated with the growth in the installed kiosk base. For the six months, the company announced revenue of $1,154,005,000 compared to $1,144,289,000 for the same period a year ago. Operating income was $65,054,000 compared to $114,701,000 for the same period a year ago. Income from continuing operations before income taxes was $38,831,000 compared to $73,178,000 for the same period a year ago. Loss from continuing operations was $5,196,000 compared to income from continuing operations of $51,439,000 for the same period a year ago. Net loss was $10,017,000 or $0.57 per diluted share compared to net income of $44,928,000 or $1.95 per diluted share for the same period a year ago. Loss from continuing operations attributable to common shares, diluted was $5,465,000 or $0.30 per diluted share compared to income from continuing operations attributable to common shares, diluted of $49,918,000 or $2.24 per diluted share for the same period a year ago. Net cash flows from operating activities were $181,215,000 compared to $157,420,000 for the same period a year ago. Purchases of property and equipment were $40,217,000 compared to $53,016,000 for the same period a year ago. Adjusted EBITDA from continuing operations was $164,824,000 compared to $206,038,000 for the same period a year ago. Core adjusted EBITDA from continuing operations was $269,755,000 compared to $233,175,000 for the same period a year ago. Core diluted EPS from continuing operations was $5.07 compared to $2.92 for the same period a year ago. Free cash flow was $140,998,000 compared to $104,404,000 for the same period a year ago. Net debt at the end of the period was $829,767,000. For the second quarter ended June 30, 2015, the company announced goodwill impairment of $85,890,000. The company provided earnings guidance for the full year of fiscal 2015. The company is raising its expectations for both core adjusted EBITDA from continuing operations and core diluted EPS from continuing operations. For the full-year 2015, the company expects consolidated revenue in the range of $2.263 billion to $2.353 billion and core adjusted EBITDA from continuing operations between $481 million and $515 million. Core diluted EPS from continuing operations expected between $8.12 and $9.12. Free cash flow expected between $231 million and $271 million, up from the company’s prior guidance, based on higher expected core adjusted EBITDA and lower capital expenditure. Core effective tax rate expected between 35.5% and 37.5%. The company is reducing its expectations for capital expenditure between $82 million and $107 million and revising its plans for net ecoATM installations to between 400 and 500 kiosks, which includes a redeployment of underperforming kiosks.

Outerwall Inc. Announces Management Changes, Effective July 31, 2015

Outerwall Inc. announced that on July 28, 2015, the board of directors appointed Erik E. Prusch as the company's chief executive officer, as well as a member of the Board, effective as of July 31, 2015. Mr. Prusch succeeds the company's interim chief executive officer, Nora M. Denzel, who will remain a member of the Board. Mr. Prusch was placed in the class of directors whose current term is up at the company's 2016 AGM. Mr. Prusch, 48, served as chief executive officer of NetMotion Wireless Inc. from January 2014 to November 2014 and of Lumension Security Inc. from May 2014 to November 2014.

Outerwall Inc. Declares Quarterly Dividend, Payable on September 15, 2015

On July 28, 2015, the Outerwall Inc.'s board of directors declared a quarterly cash dividend of $0.30 per share expected to be paid on September 15, 2015, to all stockholders of record as of the close of business on August 28, 2015.

 

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Industry Analysis

OUTR

Industry Average

Valuation OUTR Industry Range
Price/Earnings 21.4x
Price/Sales 0.5x
Price/Book 43.7x
Price/Cash Flow 4.3x
TEV/Sales NM Not Meaningful
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