coinstar inc (CSTR:NASDAQ GS)
coinstar inc (CSTR) Key Developments
Coinstar, Inc. (NasdaqGS:CSTR) is seeking acquisitions. Scott Di Valerio, Chief Executive Officer of Coinstar, said, "We certainly will be looking to be acquisitive as well as we go through. We have a couple strategic investments as well as we are always looking at new and interesting automated retail solutions to be able to either add technology into our portfolio or business."
The Annual General Meeting of Coinstar, Inc. will be held on June 27, 2013. At the meeting the shareholders will approve the amendment of the restated certificate of incorporation to change the name of the company to Outerwall Inc.
Coinstar, Inc. Presents at Gabelli & Company Movie & Entertainment Conference, Jun-11-2013 01:20 PM. Venue: Grand Hyatt Hotel, The Yale Club of New York, New York, New York, United States. Speakers: Galen C. Smith, Chief Financial Officer.
Coinstar, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of $22,604,000 or $0.78 diluted earnings per share on revenue of $574,686,000 against net income of $53,696,000 or $1.65 diluted earnings per share on revenue of $568,179,000 a year ago. Operating income was $47,862,000 and income before income taxes was $35,363,000 against operating income of $78,280,000 and income before income taxes of $89,368,000 a year ago. Comprehensive income was $20,690,000 against $54,423,000 a year ago. Net cash flows from operating activities was $41,102,000 and purchases of property and equipment was $33,231,000 against net cash flows from operating activities of $54,918,000 and purchases of property and equipment of $38,007,000 a year ago. Core diluted EPS was $0.93 against $1.39 per share a year ago. Adjusted EBITDA was $97,188,000 and core adjusted EBITDA was $104,213,000 against adjusted EBITDA of $143,065,000 and core adjusted EBITDA of $129,109,000 a year ago. Revenue increased 1.1% compared with the first quarter of 2012, driven primarily by Redbox segment revenue of $507.9 million, which increased 1.0% attributable primarily to additional new kiosk installations. For the second quarter of 2013, the company expects core diluted EPS will be impacted in the second quarter by approximately $1.8 million, or $0.04 per diluted share, in operating losses due to the closure of the remaining NCR kiosks and the amortization of intangibles, and $11.3 million, or $0.24 per diluted share, for the full year; and core diluted EPS will be further impacted in the second quarter by approximately $5.4 million, or $0.12 per diluted share, of incremental interest expense related to the company's new Notes, and $17.1 million, or $0.37 per diluted share, for the full year. The company expects consolidated revenue between $555 million and $580 million; core adjusted EBITDA between $103 million and $113 million; and core diluted EPS between $0.90 and $1.05 on a fully diluted basis. For 2013, the company expects Consolidated revenue between $2.385 billion and $2.545 billion; core adjusted EBITDA between $483 million and $518 million; core diluted EPS between $5.05 and $5.55 on a fully diluted basis; and free cash flow between $185 million and $205 million. For the full year, the company increased the low end of the range of revenue by $10 million, primarily related to Redbox performance, and the company lowered the top end of the range by $10 million for a reduction in new venture revenue, primarily related to decision to find strategic alternatives for regular [ph] business. Core adjusted EBITDA is expected to improve, with the low end of the range increasing by $10 million and the top end by $5 million due to the outperformance in first quarter, as well as additional visibility into the year. The company raised the low end of core diluted EPS guidance by $0.14 and the top end by $0.04, despite an incremental $0.37 of interest expense impact from the new senior notes, which is now included in the guidance.
Coinstar, Inc., Q1 2013 Earnings Call, Apr 25, 2013

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Industry Analysis
CSTR
Industry Average
| Valuation | CSTR | Industry Range |
| Price/Earnings | 15.4x |
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| Price/Sales | 0.7x |
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| Price/Book | 3.2x |
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| Price/Cash Flow | 5.3x |
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| TEV/Sales | 0.2x |
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- Oakbrook Terrace, IL | CoinstarPosted: Jun 17
- Oakbrook Terrace, IL | CoinstarPosted: Jun 16
- Crestview, FL | CoinstarPosted: Jun 15
- Youngstown, OH | CoinstarPosted: Jun 15
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