Last $56.55 USD
Change Today -0.48 / -0.84%
Volume 485.0K
OUTR On Other Exchanges
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As of 5:20 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

outerwall inc (OUTR) Snapshot

Open
$57.00
Previous Close
$57.03
Day High
$58.03
Day Low
$56.37
52 Week High
03/5/14 - $74.30
52 Week Low
10/10/14 - $51.17
Market Cap
1.1B
Average Volume 10 Days
620.8K
EPS TTM
$7.32
Shares Outstanding
19.9M
EX-Date
--
P/E TM
7.7x
Dividend
--
Dividend Yield
--
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 43,700 self-service Redbox kiosks in 35,800 locations that enable consumers to rent or purchase movies and video games, as well as purchase event tickets. The company’s Coin segment owns and operates approximately 20,300 self-service coin-counting kiosks in 20,100 locations, which enable consumers to convert their coin to cash, a gift card, or an E-certificate. Its New Ventures segment focuses on identifying, evaluating, building, and developing innovative self-service concepts in the automated retail space, which includes coffee, refurbished electronics, and photo self-service concepts. The company’s kiosks are located primarily in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. The company was formerly known as Coinstar, Inc. and changed its name to Outerwall Inc. in June 2013. Outerwall Inc. was founded in 1989 and is headquartered in Bellevue, Washington.

2,900 Employees
Last Reported Date: 02/6/14
Founded in 1991

outerwall inc (OUTR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $823.5K
Chief Financial Officer
Total Annual Compensation: $412.6K
Chief Legal Officer, General Counsel and Corp...
Total Annual Compensation: $421.9K
Chief Strategy, Sales & Services Officer
Total Annual Compensation: $398.1K
Compensation as of Fiscal Year 2013.

outerwall inc (OUTR) Key Developments

Outerwall Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Outerwall Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Consolidated revenue for the second quarter of 2014 decreased $3.9 million, or 0.7% to $549.2 million compared with $553.1 million for the second quarter of 2013. The year-over-year decline in consolidated revenue was primarily due to the impact of a weak content release schedule on the Redbox business, partially offset by an increase in revenue from the Coinstar segment and the inclusion of the ecoATM business that was acquired in late July 2013 and is included in the company's New Ventures segment. Operating income for the second quarter of 2014 was $47.9 million and operating margin was 8.7% compared with operating income of $76.1 million and operating margin of 13.8% in the second quarter of 2013. The year-over-year decrease in both the operating income and margin was primarily due to the impact of a weak content release schedule on Redbox revenue and the change in the content amortization accounting methodology that occurred in the second quarter of 2013. Income from continuing operations for the second quarter of 2014 was $21.8 million, or $1.08 earnings per diluted share from continuing operations, compared with $50.4 million, or $1.77 per diluted share, in the second quarter of 2013. The year-over-year decrease in income from continuing operations was primarily due to lower revenues and the impact of the change in the amortization accounting methodology that was implemented in the second quarter of 2013. Had this methodology been in effect prior to the second quarter of 2013, income from continuing operations for the second quarter of 2013 would have been $32.2 million. Core adjusted EBITDA from continuing operations for the second quarter of 2014 was $110.3 million, compared with $129.9 million in the second quarter of 2013. The year-over-year decline was primarily due to lower segment operating income at Redbox and higher segment operating losses in New Ventures as the company continued to invest as it scales its ecoATM business. The declines were partially offset by increased Coinstar segment operating income. Had the updated amortization accounting methodology been in effect prior to the second quarter of 2013, core adjusted EBITDA from continuing operations in the second quarter of 2013 would have been $100.5 million. Core diluted earnings per share from continuing operations in the second quarter of 2014 were $1.42 compared with $2.04 per diluted share in the second quarter of 2013. Net cash provided by operating activities in the second quarter of 2014 was $62.8 million compared with $30.2 million in the second quarter of 2013. The increase was primarily due to an increase in net operating cash inflows from changes in working capital and lower deferred income taxes. Cash capital expenditures for the second quarter of 2014 were $26.1 million compared with $36.1 million in the second quarter of 2013. Free cash flow for the second quarter of 2014 was $36.8 million, compared with negative $5.9 million in the second quarter of 2013, primarily driven by higher net operating cash flow and lower capital expenditures. Net income was $21.753 million or $1.08 per diluted share against $46.857 million or $1.64 per diluted share a year ago. For the six months, the company reported revenue of $1,149.5 million against $1,126.3 million a year ago. Income from continuing operations before income taxes $65,309,000 against $97,657,000 a year ago. Income from continuing operations was $45,696,000 or $2.03 per diluted share against $78,420,000 or $2.73 per diluted share a year ago. Net income was $44.928 million or $2.00 per diluted share against $69.461 million or $2.42 per diluted share a year ago. Net cash flows from operating activities was $57,420,000 against $86,178,000 a year ago. Purchases of property and equipment was $53,016,000 against $84,244,000 a year ago. Adjusted EBITDA from continuing operations was $200,697,000 against $221,693,000 a year ago. Core Adjusted EBITDA from continuing operations was $227,834,000 against $240,013,000 a year ago. Core diluted EPS from continuing operations were $2.66 against $3.15 a year ago. Net debt as at June 30, 2014 was $959,423,000. Guidance for the third quarter and full-year 2014 reflects lower than expected second quarter 2014 revenue, a lower box office for the second half of this year compared with the company's previous expectations, changes in the timing of the release schedule, increased interest expense as a result of the new debt issued in June, the repurchase of common stock in the second quarter of 2014 and the delayed timing of ecoATM kiosk installs. For the third quarter 2014, the company expects consolidated revenue between $535 million and $565 million; core adjusted EBITDA from continuing operations between $100 million and $115 million; core diluted EPS from continuing operations between $0.99 and $1.29. For the full-year 2014, the company expects: consolidated revenue between $2.254 billion and $2.334 billion; core adjusted EBITDA from continuing operations between $450 million and $490 million; core diluted EPS from continuing operations between $5.78 and $6.28 on a fully diluted basis; free cash flow between $200 million and $240 million. The company expects effective tax rate in the range of 37.0% to 39.0% and total capex of $97 million to $120 million.

Outerwall Inc. Appoints Ross G. Landsbaum as Director

On July 16, 2014, the Board of Directors of Outerwall Inc. appointed Ross G. Landsbaum as a member of the Board, effective immediately. Mr. Landsbaum was placed in the class of directors whose current term is up at the company’s 2015 annual meeting of stockholders. He has been appointed to the Audit Committee of the Board. Mr. Landsbaum has served as chief financial officer of ReachLocal Inc. since June 2008. Before that, he held various executive positions at MacAndrews and Forbes' Panavision Inc. including chief financial officer from 2005 to 2007 and chief operating officer in 2007. Mr. Landsbaum served as executive vice president, finance and operations and chief financial officer for Miramax Films from 2001 to 2005. Prior to that, he served in various capacities, including as chief financial officer, at Spelling Entertainment Group Inc. and in various capacities at Arthur Andersen LLP. Mr. Landsbaum is a certified public accountant.

Outerwall Inc. to Report Q2, 2014 Results on Jul 31, 2014

Outerwall Inc. announced that they will report Q2, 2014 results on Jul 31, 2014

 

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OUTR

Industry Average

Valuation OUTR Industry Range
Price/Earnings 8.2x
Price/Sales 0.5x
Price/Book 11.3x
Price/Cash Flow 3.1x
TEV/Sales NM Not Meaningful
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