Revenue Update on Outerwall Inc(NASDAQ:OUTR)

Outerwall Inc(NASDAQ:OUTR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $518.03M. Analysts estimated a revenue of $487.29M. Earnings per share were $2.41. Analysts had estimated an EPS of $1.35.

In a different note, On Jul 25, 2016, Wedbush said it Downgrades its rating on Outerwall Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 25, 2016, Roth Capital said it Downgrades its rating on Outerwall Inc. The shares have been rated ‘Sell’ by the firm.

Outerwall Inc (OUTR) made into the market gainers list on Thursdays trading session with the shares advancing 0.04% or 0.02 points. Due to strong positive momentum, the stock ended at $52.5, which is also near the day’s high of $52.89. The stock began the session at $52.6 and the volume stood at 5,73,418 shares. The 52-week high of the shares is $71.25 and the 52 week low is $24.81. The company has a current market capitalization of $904 M and it has 1,72,15,600 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 20, 2015, James Gaherity (President, Coinstar) sold 950 shares at $65.32 per share price.Also, 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.

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