Outerwall Provides Updated Full Year 2015 Guidance
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Outerwall (OUTR) PT Cut to $61.50 at Roth Capital with Redbox Weak as Expected
December 8, 2015 8:54 AM ESTRoth Capital maintained a Buy rating on Outerwall Inc. (NASDAQ: OUTR), and cut the price target to $61.50 (from $80.00), following weak Redbox performance. OUTR released updated guidance for FY15, which reflects lower than expected RB revenue in 4Q, in addition to announcing an expected write-off certain... More
Outerwall (OUTR) PT Cut to $57 at Piper Jaffray on Lower Outlook; Maintains 'Overweight' on Valuation
December 8, 2015 7:45 AM ESTPiper Jaffray maintained an Overweight rating on Outerwall Inc. (NASDAQ: OUTR), and cut the price target to $57.00 (from $88.00), following weak results from the company's Redbox division. Outerwall is now looking for 2015 Redbox revenue of $1.76B at the mid-point, down from prior guidance of $1.8B. The company did not adjust expectations for the... More
Outerwall (OUTR) PT Cut to $59 at Wedbush Amid Weak Redbox Results
December 8, 2015 7:36 AM ESTWedbush maintained an Outperform rating on Outerwall Inc. (NASDAQ: OUTR), and cut the price target to $59.00 (from $100.00), following weak rentals for its Redbox division. Management increased kiosk inventory in Q4 in order to improve customer engagement, hoping to drive higher volumes by improving quantity... More
Outerwall (OUTR) Sinks 29% as Trading Resumes
December 7, 2015 4:47 PM ESTOuterwall (NASDAQ: OUTR) resume trading and is down 29% after lowering FY 2015 outlook.
... MoreOuterwall (OUTR) Trims FY15 Outlook; Announced Resignation of Redbox President Horak
December 7, 2015 4:15 PM ESTOuterwall Inc. (Nasdaq: OUTR) provided an update on its financial expectations for the full year 2015. The revised outlook reflects lower Redbox segment revenue than expected for the fourth quarter of 2015 based on preliminary results through the end of November and expectations for December, as well as the expected write-off of certain capitalized assets associated with its SampleIt concept, which the company has decided to discontinue.
For the full year 2015, the company now expects:
Redbox revenue between $1.750 billion and $1.765 billion, compared with the prior range of $1.790 billion to $1.815 billion;Consolidated revenue... More